Ruble is top performing global currency as trade war hits dollar

2 comments

1. Stonks huh.

   Im no expert but heard that its actually not in our interest. We are export economy and are interested in our exporters getting more rubles per dollar. Central bank even artificially weakened ruble in the beginning of war when it surged at something like 60 per dollar.

2. They also have the lowest debt to GDP ratio of any major country (by far).

   The sanctions have done nothing to ‘cripple the Russian economy’. They’ve actually done the opposite by encouraging entry into other massive developing markets. Even if the sanctions were removed tomorrow, Russias relationship with Chinese and Indian etc markets will continue to expand.

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