Europe needs rubles to pay for the oil. Europe has no rubles. 1. In what currency Europe pays for the rubles? 2. Who gets the euros in this trade? answers:

Europe needs rubles to pay for the oil. Europe has no rubles. 1. In what currency Europe pays for the rubles? 2. Who gets the euros in this trade? answers: ˙soɹnǝ sʇǝƃ ɐıssnᴚ (2 'soɹnƎ (1 Russia goes trough this extra step to create demand for rubles and stabilize the exchange rate.