Ruble..

Russian ruble continues to rise against the dollar, making it the best-performing currency in the world this year.

Three months after the ruble's value fell to less than a U.S. penny amid the toughest economic sanctions imposed on a country in modern history, Russia's currency has mounted a stunning turnaround. The ruble has jumped 40% against the dollar since January. 

"It's an unusual situation," said Jeffrey Frankel, professor of capital formation at the Harvard Kennedy School. 

The main reason for the ruble's recovery is soaring commodity prices. After Russia invaded Ukraine on February 24, already high oil and natural gas prices rose even further.

Another failure of the sanctions against Russia. Obviously, the sanctions are exacerbating the food shortage, supply chain, oil prices and finally Inflation. 

 Just a thought