Tag: Robin Brooks

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Russian Ruble Plunges to 16-Month Low vs the US Dollar — Experts Cite Oil Price Cap

August 15, 2023

The Russian currency’s exchange rate versus the U.S. dollar recently dropped below RUB100 per greenback — its lowest in 16 months. Economists attribute the ruble’s latest plunge to the effectiveness of a price cap imposed on Russian oil by Western countries. Russ Mould said a strengthening U.S. dollar could be the reason why the Russian…
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Russian Ruble Falls by Over 18% in 2023, Economist Says the Currency Has ‘Stabilized’

July 25, 2023

After the Russian currency touched a year low versus the greenback of nearly 92 units for every dollar, economist Robin Brooks said the ruble has stabilized and may eventually be lifted by rising oil prices. The Institute of International Finance Economist urged G7 countries to consider cutting the Russian oil price cap from $60 to…
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