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?
[ Parent
| on HN ]
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.