Ruble rally is part of routine volatility, sustainable recovery to pre-war levels unlikely – Commerzbank USDRUB RussianFederation Banks
ilitary ones: external debt default could easily be one candidate, which can quickly reverse the trend of the currency again, economists at Commerzbank report.“The Russian leadership could dictate at any time that debt repayments will only be made in ruble, which will tantamount to a default.
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