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
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I don't understand how this article contradicts what I'm saying?
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because they can keep selling in euros, right?
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Putin made the rule that the gas companies had to privately convert 80% of their revenue weeks ago.
They've been doing that ever since.
I'm not sure what it has to do with this?
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Oh, like once the gas companies get the euros they have to convert? I misunderstood. My deepest apologies wie dan.
So wait, I hadn't heard this before. This seems like the same thing as this, so it makes sense it would prop up the rube
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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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