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The rouble has recovered almost all of the losses it incurred following the Ukraine invasion and has surprised many people who had predicted that it would fall further. The Russian central bank was able to achieve this through capital controls, that aim to increase demand for roubles and reduce the demand for dollars. Though the rouble is recovering, the Russian economy is still poorer due to the exit of foreign businesses and boycott by the West. Prashanth Perumal The story so far: The Russian rouble has staged an impressive recovery after it lost about half of its value in the wake of Russia’s invasion of Ukraine. The currency has recovered almost all of the losses it incurred following the invasion and has thus, surprised many who had predicted a further fall in its value. What kind of sanctions were imposed in Russia? Sanctions were imposed on the Russian economy by Western governments right after Russia invaded Ukraine in late February. These sanctions included cutting off many Ru...