ruble and its transformation into a regional reserve currency …

We examine the impact of the Russia-Ukraine war on the value of global currencies against the USD using event study … methodology and market model estimates. We show that the Russia-Ukraine conflict had a negative impact on the value of the global … Russia, as well as Poland and the Czech Republic's proximity to the war zone, their currencies have weakened significantly …

The analysis of external economic relations of Russia reveals a paradox: while Europe is the main trade and direct … investment partner of Russia, this is far from being the case concerning its currency's role in Russia's financial activities …