> The ruble is stable because it's exchange rate is purely theoretical. If you are an oil exporter, yes, but if you're an average Ivan in Moscow/Petersburg, it

> The ruble is stable because it's exchange rate is purely theoretical. If you are an oil exporter, yes, but if you're an average Ivan in Moscow/Petersburg, it's not. You can buy USD cash once again, and even though the cash exchange rate spread is huge, it's still much cheaper than before the invasion. (Source: I'm Russian)