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US insists sanctions are working despite rouble’s rebound

CalendarApril 1, 2022
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Karl Schamotta, chief market strategist at Corpay, said: “The information content in the exchange rate right now is not the same as it is in any other major economy. The fact is that we have created a one-way valve: money is flowing into Russia but not out. And that is going to force the exchange rate up over time,” he said.

Read the Financial Times article here.

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