Re:Finland and Sweden set to join NATO as soon as summer
by user3939382 on Monday April 11, 2022 @02:30PM
(#30992736)
The rubble is back at the level it was before the sanctions. How is their economy collapsing?
Re:Finland and Sweden set to join NATO as soon as summer
by doikor on Monday April 11, 2022 @05:11PM
(#30995119)
It isn’t really. Even Russia itself does not believe that the current rate is “real”. If it was Russia would have used its rubles to buy euros/dollars to pay its debt instead of defaulting by trying to pay with the rubble. Basically it is currently up artificially due to Russia buying rubbles with dollars/euros/gold/etc (and 20% interest rate) and them themselves pushing it the other way by trying to buy dollars/euros with rubbles would be counterproductive.
What is happening now is the Russian economy collapsing and thousands of Russian soldiers returning home in body bags in just the past few weeks. The same things that caused the fall of the Soviet Union.