How Russia’s Ruble Comeback May Boost Global Inflation and Recession Risks

Описание: Russia’s ruble currency has risen nearly 150% against the U.S. dollar since bottoming out days after Putin’s invasion of Ukraine three months ago. The ruble’s rebound has been the result of Russian central bank intervention and financial engineering, but nonetheless is helping prop up the country’s economy and continue the war effort. That, in turn, is playing a role in keeping oil and food prices elevated around the world.

I’ll explain how Russia boosted its ailing currency after the invasion and how it’s affecting the entire global economy.

0:00 Russia’s Ruble currency is now one of the strongest currencies in the world
0:36 How the Ruble under President Vladimir Putin responded to global sanctions
1:49 Russia has since removed some Ruble-selling restrictions and has cut central bank rates
2:26 What this all means for global inflation

I’m Dion Rabouin, a WSJ reporter covering markets and the economy. I’ll be diving into all things finance, from the popular and well-known — like crypto and stocks — to the complex and intricate — like leveraged loans, derivatives and private equity. Subscribe to join me as I take a deep dive into what’s making money move and why it matters.

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