Trump’s gift to Putin? The ruble has strongly intensified, and even slaughters gold in growth

17. Apr 2025 at 22:30

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Russian ruble is experiencing one of the best growth periods in its history. Since the beginning of the year, it has strengthened by 28 percent against the US dollar and the Chinese Yuan and 19 percent to the euro.

Rubel has been strengthening for four months and is currently the fastest growing currency against the dollar in the world. He is only competed with gold from investment assets, whose price has jumped by 27 percent since the beginning of the year.

The Russian currency belonged to New Year’s Eve 2024 among the niche. Its significant weakening analysts justified by weakening foreign trade, geopolitical uncertainty and sanctions by which the former administration US President Joea Biden Gazprombank and fifty smaller Russian banks cut off from the financial system.

It was shortly after Mask (November 21) attacked at Ukraine Ballistic rocket of medium -range Orešnik.

Today the situation is diametrically different and the influence of US President’s policy Donald Trump He gets up the ruble from the ashes. It is so strong that the Russian budget is starting to hurt.

Return from insulation

Behind the strengthening of the Russian currency is the policy of US President Trump.

Since the inauguration in January 2025, Russian markets have engulfed optimism because Trump does not behave as an opponent of Russian President Vladimir Putinbut rather than his business partner. This is also reflected in the attitude of investors.

Strengthening the Russian currency is the result of the hope of warming of the opposing relationships with the West, the possible abolition or alleviation of sanctions and in the theoretical level to end the war in Ukraine, which are the scenarios with which she started under Trump’s administration count In the February forecast, the Russian central bank.

The expectation that Russia will come out of the shadow of economic and political isolation has increased interest in Russian assets by investors from « friendly » states such as China, India or Kazakhstan.

Growing investments in Russian events and bonds are creating additional demand for the Russian currency, which is reflected in its strengthening. Even investors from the West have started to invest in Russian assets from the election of Trump as president, he claims Agency Bloomberg.

Raiffeisen or OTP in the course

Due to sanctions and Russian capital restrictions, these investors buy most often Russian actions through the Hong Kong Stock Exchange, or have indirectly targeted the shares of European companies that are connected to the Russian market.