The Russian economy continues to weaken, since the beginning of the Russian war against Ukraine. That is due to sanctions imposed primarily by Western countries on Russia. The impact of these sanctions includes on Russian foreign trade with German and Chinese exports.
SWIFT partially excluded major Russian banks from their payment system, and trade sanctions were primarily on non-energy products. Moreover, most global brands within different industries he either already left or limited their operations in Russia. Moreover, according to the earlier estimates, the daily cost of war for the Russian economy over February and March was around $10-$15 billion.
China's Exports
All those factors mentioned above increased the volatility of the Russian ruble within FX...
