Central Asian currencies are closely linked to the Russian ruble. The ruble's rapid depreciation following the renewed invasion of Ukraine in 2022 had a cascading effect on Central Asian currencies.

  • Claim

Name

Central Asian currencies are closely linked to the Russian ruble. The ruble's rapid depreciation following the renewed invasion of Ukraine in 2022 had a cascading effect on Central Asian currencies.

Types

Claim

Broader claims

Central Asian currencies are closely linked to the Russian ruble, thus sanctions on Russia currency has negative effects on CAS currencies too.

Sources

Central Asia: Implications of Russia’s War in Ukraine

Tags

Economic impact of sanction in Central Asia

Topics

Russia - Ukraine
Impact of sanctions on the global economy
Impact of sanctions on Asia
Impact of sanctions in Central Asia