I don’t get why the ruble is back to its pre-war level. I don’t necessarily think it matters but I’m just confused because presumably a lot of foreign buyers of Russian goods and services who would bid up the ruble’s price are now cut off.
ELI5 please
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Also, why would Russia demand energy payments in rubles? Can't they just take dollars and convert them to rubles after the transaction, thereby having the same effect? What's the diff?
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They're more or less gonna do this with a new intermediary bank, forcing the Euros to buy the rubles themselves would just have been a way to make them kiss the ring
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I see now they'll use Gazprom Bank, which isn't sanctioned... for some reason!!
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We all know the reason.
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Letting Germany become 1 country was the largest postwar mistake.
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