SUMMARY: Short, generally the RUB performance can be explained by unlucky events and massive US and Western sanctions.
If there were no sanctions, the RUB could probably be a strong rival to the EUR.
Buy Bitcoin, it fixes this.
Bitcoin analysis below:
If there were no sanctions, the RUB could probably be a strong rival to the EUR.
Buy Bitcoin, it fixes this.
Bitcoin analysis below:
In 2016, it was the first time a country had put into law/codified sanctions which means it will be almost impossible for any US government to remove the sanctions against Russia. Hence the crash in the RUB in 2016.