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Czech News in English » Business » How could rouble's troubles impact Czech economy?

How could rouble’s troubles impact Czech economy?

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With low oil prices and EU sanctions hitting the Russian economy hard, the country’s currency the rouble tumbled to a record low against the U.S. dollar on Tuesday. Interventions by Moscow, including a steep hike in interest rates, have led to a slight recovery on Wednesday, though trading was still described as volatile. Given that some 4 percent of the Czech Republic’s exports go to Russia, what impact could the rouble’s problems have on the Czech economy?

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