The Russian currency strengthens ahead of upcoming tax payment The Russian ruble reached its strongest position against the US dollar in over four years on Friday, propelled by recently introduced capital controls, Russia’s new ruble-based gas payment scheme and looming tax payments for corporations pushing up demand for the currency domestically. The exchange rate reached 57.67 rubles per dollar at 08:13 GMT, its firmest against the US currency since March 2018, according to data from the Moscow Exchange. The ruble also gained nearly 5% on the euro, with the exchange rate now below 60 rubles per euro, hitting a s
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