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Rouble's revival gives Russia an unexpected headache

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Published Sun, Jan 29, 2017 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Moscow

IT was a step that seemed unimaginable a year ago: the Russian authorities stepping in to stop the country's currency from getting too strong.

Back in January 2016 the rouble hit a record low of 85 to the US dollar as a combination of plunging oil prices and Western sanctions over Moscow's actions in Ukraine pounded the Russian economy.

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