E. O. Konstantinova, I. M. Paramonova, M. Sherstnev
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The Course of the Russian Ruble Exchange Rate During the COVID-19 Pandemic: Trends and Influencing Factors
ABSTRACT This article analyzes the impact of the following major factors influencing the Russian ruble exchange rate: oil prices, inflation, the balance of payments flows, and volatility, which are all considered against the background of the COVID-19 pandemic. The analysis reveals that all these factors continued to play a role in 2020, though the shock of the pandemic exhibited certain specific features.