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The Impact of the Coronavirus Pandemic on Russia's Economic Security: Analysis of Exchange Rates of Selected Currencies and Energy Resources

Author

Listed:
  • Marcin Gornikiewicz
  • Bartosz Kozicki
  • Patrycja Bryczek-Wrobel

Abstract

This study aims to analyze primary data regarding foreign exchange rates of the following currencies: ruble, euro, dollar, and yuan (renminbi) as well as petroleum and gas prices from a dynamic perspective as it pertains to the impact of the coronavirus pandemic on the economic situation in Russia. The authors have analyzed the literature concerning foreign exchange rates, petroleum prices, gas prices, and the coronavirus pandemic. It analyzed the available literature on the subject. The study began comparing foreign exchange rates of the Russian ruble, euro, American dollar, and Chinese yuan (renminbi – Chinese currency) for each day in 2020. The following research techniques have been used: line graphs, bar graphs, grouping. The article analyzes the foreign exchange rate of the aforementioned currencies and petroleum and gas prices from a dynamic perspective. Multi-dimensional analysis of petroleum and gas prices was conducted in dynamic terms.

Suggested Citation

  • Marcin Gornikiewicz & Bartosz Kozicki & Patrycja Bryczek-Wrobel, 2020. "The Impact of the Coronavirus Pandemic on Russia's Economic Security: Analysis of Exchange Rates of Selected Currencies and Energy Resources," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 228-238.
    • Handle: RePEc:ers:journl:v:xxiii:y:2020:i:special3:p:228-238
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    More about this item

    Keywords

    Foreign exchange rate; oil/petroleum price; gas price; Russian policy.;
    All these keywords.

    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • N67 - Economic History - - Manufacturing and Construction - - - Africa; Oceania

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