this post was submitted on 07 Apr 2022
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I think there are a few factors. The fact that the west needs energy is a big one. Rouble is also backed by hard commodities and getting internationalized. Some of the largest countries, like China and India, are continuing to trade with Russia. Russian domestic economy appears to be robust, and western companies moving out is simply opening up room for local companies to take over. Overall, Russian economy appears to be more robust than the west right now.