Russian ruble

The Russian ruble (RUB) is the official currency of Russia, used to buy goods, pay for services, and conduct financial transactions within the country. Its value fluctuates based on economic factors, government policies, global markets, and commodity prices like oil, which is vital to Russia’s economy. The ruble exists in both physical form (notes and coins) and digital transactions. As a national currency, it facilitates domestic trade and investment and serves as a symbol of Russia’s monetary sovereignty. Its stability is influenced by international economic conditions, sanctions, and Russia’s fiscal policies.