Julianus to World News · 3 years agoG7 refuses Russian demand for its gas to be paid in rubleswww.bne.euexternal-linkmessage-square14fedilinkarrow-up114arrow-down12
arrow-up112arrow-down1external-linkG7 refuses Russian demand for its gas to be paid in rubleswww.bne.euJulianus to World News · 3 years agomessage-square14fedilink
minus-squareJulianusOPlinkfedilinkarrow-up4arrow-down4·3 years agoThe exchange rate makes burning rubles quite competitive.
minus-squareisleofmistlinkfedilinkarrow-up5·3 years agoRuble is almost back to where it was pre-invasion. Russia is one of the biggest exporter of commodities in the world (oil, natural gas, wheat…). Ruble has plenty of support.
minus-squareJulianusOPlinkfedilinkarrow-up2arrow-down3·3 years agoThat uptick is quite striking: https://www.google.com/finance/quote/RUB-USD?window=5Y but it’s still pennies on the dollar. Their threat of a 4M ruble sanction on Wikipedia for documenting the Ukrainian invasion was only $49k. You could put that on a credit card.
The exchange rate makes burning rubles quite competitive.
Ruble is almost back to where it was pre-invasion.
Russia is one of the biggest exporter of commodities in the world (oil, natural gas, wheat…). Ruble has plenty of support.
That uptick is quite striking:
https://www.google.com/finance/quote/RUB-USD?window=5Y
but it’s still pennies on the dollar. Their threat of a 4M ruble sanction on Wikipedia for documenting the Ukrainian invasion was only $49k. You could put that on a credit card.