>I was told the `sanctions` would turn Russia into rubble, instead they ended up improving Ruble's performance, Russia's trade balance & current accounts. It m

>I was told the `sanctions` would turn Russia into rubble, instead they ended up improving Ruble's performance, Russia's trade balance & current accounts. It makes sense in retrospect. Right now, it is more or less impossible for any Russian to a) use the US dollar to buy anything from outside Russia, and b) travel outside Russia to buy anything in the first place. That greatly reduces the demand for exchanging rubles for dollars, whether via official or unofficial means.