Russia Tests Digital Ruble In Bid To Bypass Sanctions
Portfolio Pulse from Happy Mohamed
Russia is testing a digital version of its currency, the ruble, in an attempt to bypass international sanctions. This move could potentially impact global financial markets.
August 15, 2023 | 4:10 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The testing of a digital ruble by Russia could potentially impact the SPY ETF, which tracks the S&P 500, due to its exposure to global financial markets.
The SPY ETF, which tracks the S&P 500, could be impacted by Russia's testing of a digital ruble due to its exposure to global financial markets. If Russia successfully bypasses international sanctions, it could lead to market volatility and potentially negatively impact the SPY ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
The VGK ETF, which tracks European stocks, could potentially be impacted by Russia's testing of a digital ruble due to its proximity and economic ties with Russia.
The VGK ETF, which tracks European stocks, could be impacted by Russia's testing of a digital ruble due to its proximity and economic ties with Russia. If Russia successfully bypasses international sanctions, it could lead to market volatility and potentially negatively impact the VGK ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60