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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- Putin forced all the gas companies to convert 80% of their sales to Ruble;
- Oilprices are up;
- Ordinary Russians aren't allowed take money out of the country in large quantities;
- ???
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I tihnk the first one is not a thing, see link
Other two make sense. Capital controls make a lot of sense actually. Just don't know what share of the ocean ordinary russians moving money is
because they can keep selling in euros, right?
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