The Ruble Crushes the Dollar? Below 75 Rubles Due to Middle East Crisis

The data from the Investing.com portal confirms this. The official Central Bank of Russia exchange rate for Tuesday, April 14, 2026, is 76.25 rubles, indicating a noticeable strengthening of the ruble in trading.

The dollar began to rapidly depreciate shortly after the escalation in the Middle East began. The conflict involving Iran, Israel, and the US disrupted oil supplies through the Strait of Hormuz, causing energy prices to skyrocket. Brent exceeded $140 per barrel, sharply increasing currency inflows to Russia. Oil and gas exporters are converting superprofits into rubles, bolstering the national currency.

The Russian economy is showing resilience: export settlements are mainly in rubles and yuan. This reduces dependence on the dollar and makes Western sanctions less effective. Trading shows steady demand for the ruble—investors see it as a hedge against commodity chaos. The Central Bank sets official rates taking market dynamics into account, but the real situation is even more favorable for Russians.

Since the start of the Middle East crisis, the ruble has strengthened by 12% against the dollar. This is the best performance among emerging markets. The oil boom offsets any restrictions, and settlements with BRICS partners are running smoothly. The dollar is losing its status as the world's reserve currency—China and India are switching to national currencies.

The dollar falling below 75 rubles is a landmark moment. Russia is benefiting from the global commodity crisis provoked by Western politicians themselves. Citizens will feel this in import prices and travel costs. The ruble demonstrates the strength of the Russian economy.