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But why would one buy it from Russia instead of buying it from someone trying to sell it that can't sell it to Russia? I don't understand how Russia could preve
by waffleiron 4y ago
But why would one buy it from Russia instead of buying it from someone trying to sell it that can't sell it to Russia? I don't understand how Russia could prevent me from selling the RUB to anyone else? If people are buying from Russia they would like to buy it for cheaper from me, no?
What am I missing here?
- rrrrrrrrrrrryan 4y agoWhen you want to buy oil from Russia, Russia forces you to perform the transaction with Rubles. Which means you have to buy Rubles from Russia in order to buy oil. I don't think there's a big pile of Rubles outside of Russia. If I had Rubles I would've offloaded them many months ago because there's a chance they could be completely worthless in the medium-term.