In March 2022, the Russian rouble depreciated significantly against the US dollar after Western countries imposed tough sanctions on Russia over its invasion of Ukraine wreaking havoc in international financial markets, while surging oil prices exacerbated concerns of stagflation in the global economy. Oil prices spiked to trade over $100 a barrel, while Brent crude futures touched their highest since June 2014, further denting global risk sentiment. Intraday 1w 1m 6m Ybd 1y 3y Sy Max Indicators v Mountain-Chart v 110 00 99 52% 100.00 75.00% 90.00 50 00% 70.00 25:00%% 60 00 -0.DO% 50.00 -2500% 50 00 -5000% 20/00 2018 2019 2020 2021 2022 Source: https://markets.businessinsider.com/commodities/oil-price