3 ms·
It is under deliberate attack from the west as we have blocked the Russian central bank from using its massive foreign reserve to buy up the rubble as it normal
by throwaway4good 5y ago
It is under deliberate attack from the west as we have blocked the Russian central bank from using its massive foreign reserve to buy up the rubble as it normally would do.
I think though the ruble will weather the storm; it is mostly used internally in Russia, the interest rates have been yanked up to 20%, and Russia still exports massive amounts of commodities (how they get paid I don't know? Chinese Yuan and Indian rupees maybe ...).