• Corpus ID: 32459705

The Ruble between the Hammer and the Anvil: The Impact of Oil Prices and Economic Sanctions

  title={The Ruble between the Hammer and the Anvil: The Impact of Oil Prices and Economic Sanctions},
  author={Christian Dreger and Konstantin A. Kholodilin},
  journal={DIW Economic Bulletin},
The Russian economy is tightly woven into the global economy, and is therefore highly dependent on the development of exchange rates. Since 2014, the ruble has fallen by more than 50 percent against the US dollar. The de¬valuation goes hand in hand with the Western sanctions that were imposed due to the political tensions between Russia and Ukraine. At the same time, the decline in oil prices may also have contributed to the ruble’s depreciation. The study at hand examines the relative… 
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