What effect do trade relations between Russia and Eurozone countries have on the EUR/RUB exchange rate?
The exchange rate between the Euro (EUR) and the Russian Ruble (RUB) can be influenced by various factors, and trade relations between Russia and the Eurozone countries are among the factors that can affect this exchange rate. The trade balance https://www.ruplankurssi.fi/ between Russia and the eurozone countries may affect the demand for each other's currencies. If Russia exports more to eurozone countries than it imports, demand for the ruble could increase, potentially strengthening it against the euro.