By: Anna Fedorova
Over the last three months, the Russian rouble has outperformed many emerging market currencies, buoyed by rising oil prices and an accommodative central bank, but it continues to suffer under the pressure of potential fresh US sanctions against Russia.
A fresh round of sanctions could block US imports of Russian oil and ban international bank loans to the country, and could come in as early as next month, according to reports. Earlier this year, the US initiated a first round of sanctions that stopped the sale of arms and exports of national security-sensitive goods and technology to Russia.
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