Re:Nord Stream leaks confirmed as sabotage, Sweden says
by miguelazo on Saturday November 19, 2022 @12:38PM
(#33672417)
Destroyed their economy? The ruble is doing just fine. And it was the West that TRIED to destroy their economy. Tell me how pressuring the market and Germany is somehow a plausible theory?? If the pipeline is gone there is nothing more to negotiate about, which is exactly why the US blew it up (coincidentally while Russia and Germany were negotiating).
https://fair.org/home/us-medias-intellectual-no-fly-zone-on-...
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Re:Nord Stream leaks confirmed as sabotage, Sweden says
by hatch_q on Saturday November 19, 2022 @03:21PM
(#33674236)
Ruble is a controlled forex currency. You virtually can't sell rubles and exchange them to EUR or USD at the moment. Russian government imposed very strict regulation into buying foreign currencies and banks imposed heavy taxation (1% per month) for holding foreign currencies, forcing people into exchanging USD into RUB. Volume is down substantially as well.
It was a smart thing to do by Russia - it keeps ruble look strong. We'll see how long they can keep it up. Maybe in future we'll even read about it in books how to avoid currency depreciation.