Russian economy has cancer. Exports up for now - oil prices are up, volumes have not changed.
BUT
Because of sanctions Russia cannot buy anything. It receives dollars, cannot spend them -> ruble is up
Long-term economy will continue to weaken
my explanation why Russian ruble is so strong:
you meet a friend, have not seen him in a long time. he lost a lot of weight
He may have lost weight because he is working out/eating well
Or
Because he has cancer
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