Russia Reimposes Capital Controls to Prop Up Rouble

Russia has imposed capital controls to prop up the rouble, similar to 2022 after invading Ukraine.

The rouble initially collapsed after the invasion but recovered with earlier capital controls.

The rouble has weakened this year from capital outflows, falling exports and rising imports.

Putin signed a decree reintroducing capital controls for some exporting firms to stabilize the currency.

Experts say the controls may strengthen the rouble short-term but reduce foreign investment long-term.