Russia, along with many other countries around the world, is struggling with the Dollar’s decline and local currency gains.
Russia has even greater cause for concern because the economy is based so heavily on natural resources including oil, gas, and mineral wealth.
As the local Russian Ruble appreciates in value, so the cost of exporting the natural resouces increases.
Natural resource prices have risen since the start of 2009 and inflationary pressure remains high.
Such added pressures have also been addressed by the Russian government and a careful balancing act regarding Ruble appreciation.
In the long-term it is expected that the Dollar will continue a gradual slide downward.
Perhaps Russia should capitalize on the opportunity to increase Russian denominated transactions and con…