RUB Short - Quick Timeline of the RUBs decent

SUMMARY: Short, generally the RUB performance can be explained by unlucky events and massive US and Western sanctions.

If there were no sanctions, the RUB could probably be a strong rival to the EUR.

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Bitcoin analysis below:

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Note, usually sanctions are administered by the Government/ Executive brand.

In 2016, it was the first time a country had put into law/codified sanctions which means it will be almost impossible for any US government to remove the sanctions against Russia. Hence the crash in the RUB in 2016.