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Europe is paying for gas in roubles. Which means they have to get roubles from somebody Russian. But since there is nothing that Russian can buy with Euros the
by neilwilson 4y ago
Europe is paying for gas in roubles. Which means they have to get roubles from somebody Russian.
But since there is nothing that Russian can buy with Euros they are going to have to give a lot of Euros to get the roubles in the first place.
Demand and supply will find a level but it will be the rouble that strengthens.