#ruble still increasing #despite #sanctions - although I #suspect that it will #crash again soon after a new round of #sanctions from the #us and #eu https://www.zerohedge.com/markets/rubble..
Looks like the #russian #ruble is making a #comeback , #despite #sanctions still in place and the #invasion in #ukraine still #ongoing https://www.zerohedge.com/economics/russ.. Looks like #sanctions do not work for long.
#russia are about to enter into #technical #default due to their #ban on #coupon #payments https://www.zerohedge.com/markets/game-o.. This will likely see the #russian #ruble further #collapse . This has *massive* #longterm #impact on their ability to get #loans , #grow their #economy , etc. They are in serious trouble.
@barray on Sun Feb 27 19:56:36 UTC 2022 said: &eThe #russian #ruble is supposed to #collapse due to being kicked out of #swift https://www.zerohedge.com/markets/trader.. Remember though that #russia has a significant #warchest back by #gold .Apparently #russia will see runs on their #banks as being kicked out of #swift means the #solvency is at very serious risk: https://www.zerohedge.com/markets/im-sho..