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The rubles are exchanged for gas and oil from Russia. But Germany being forced to buy rubles means that isn't quite such a tiny amount of demand for rubles as b
by notahacker 5y ago
The rubles are exchanged for gas and oil from Russia. But Germany being forced to buy rubles means that isn't quite such a tiny amount of demand for rubles as before, which means the value of the ruble doesn't coontinue to plumment.
Which is good for Russians and Russian companies holding a lot of rubles who find that even foreigners still willing to trade with them don't think their rubles are worth many dollars or Euros any more.