putin's fanboys don't realize that a strong ruble isn't good for russia. not being able to import anything from the west would cause the ruble to appreciate.
Russia's 🇷🇺 Invasion of Ukraine 🇺🇦 (Official Thread)
- Thread starter newarkhiphop
- Start date
Ukraine took back snake Island
thatrapsfan
Superstar
Main aim is to increase Governments earning potential from energy exports but no idea if it’ll work. Interesting though, just a few months ago they were imposing capital controls partly to bolster their currency and now have a very different problem.
Russia wants to weaken the ruble through purchases of 'friendly' currencies
Russia wants to weaken the ruble below current record highs. Russia's finance minister said Wednesday that Moscow could purchasing "friendly' currencies to influence the exchange rate.markets.businessinsider.com
How do you feel about this idea?
Russia’s Car Manufacturing Collapses by 97% in May - The Moscow Times
Russia manufactured 3,700 cars in May — 97% fewer than the same month last year.
www.themoscowtimes.com
