Russia’s oil and gas revenues have rebounded from recent lows, which will allow the country to resume purchases of foreign currency as early as this month.
Russia is likely to resume buying foreign currency for its reserves as soon as this month as rising oil earnings stabilize public finances despite United States (US) and European efforts to squeeze Kremlin income.
The Russian exodus triggered by Vladimir Putin’s invasion of Ukraine has put the currencies of former Soviet republics at the top of global rankings this year.
Russia s war turns neighboring currencies into world s best iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.