Ruble Roars Past the ‘Weaponized’ Dollar as Russia’s Stewardship Wins Global Confidence
© Sputnik / Evgeny Odinokov
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Russia’s disciplined, conservative economic strategy has propelled the ruble to the top of global currency rankings, according to veteran financial analyst Paul Goncharoff.
Speaking to Sputnik, the general director of Goncharoff LLC noted that the ruble has surged 45 percent since the start of 2025, outperforming every major currency against the US dollar—despite sweeping Western sanctions.
Goncharoff describes the ruble’s ascent as the result of "responsible stewardship" and a sharp contrast to Washington’s reliance on aggressive monetary expansion.
"It hasn’t been an easy path," he said, "but it’s a clear reality check for working within actual means rather than relying on endless borrowing."
Ruble resilience: Built on discipline and ingenuity
The Russian Central Bank’s high interest rates and tight capital controls have transformed Russian assets into a magnet for investors seeking strong returns in a stable and well-managed market, Goncharoff explained.
The Russian Central Bank’s high interest rates and tight capital controls have transformed Russian assets into a magnet for investors seeking strong returns in a stable and well-managed market, Goncharoff explained.
He highlighted several drivers behind this resilience:
Innovation under pressure: Russia embraced digital solutions and expanded into the cryptosphere.
Domestic strength: Russian businesses began producing goods that outperform imported alternatives.
Global demand: Homegrown products now find ready buyers across international markets.
Breaking the myth of Western dominance
The analyst argued that Russia’s economic trajectory challenges long-standing assumptions about Western economic superiority. “Even the most diehard aficionado of sanctions can’t fail to see where the healthier economic reality lies,” he remarked.
The analyst argued that Russia’s economic trajectory challenges long-standing assumptions about Western economic superiority. “Even the most diehard aficionado of sanctions can’t fail to see where the healthier economic reality lies,” he remarked.
With minimal debt, surging investment, and robust infrastructure spanning roads, energy, education, and agriculture, Russia "ticks all the boxes," Goncharoff said.
Global partners take note
Despite politicized criticism from Western media—often "anecdotal and without factual confirmation," according to Goncharoff—countries worldwide increasingly view Russia as a reliable, stable partner.
Despite politicized criticism from Western media—often "anecdotal and without factual confirmation," according to Goncharoff—countries worldwide increasingly view Russia as a reliable, stable partner.
A key indicator of this trust, he emphasized, is the transparency and depth of Russia’s economic data, which helps foreign investors understand the country’s long-term performance in areas such as mineral resources, technology, agriculture, and energy.
The ruble’s rapid rise, he suggested, is not a temporary anomaly but a reflection of a broader structural shift: a world recalibrating its economic bets in Russia’s favor.
