Are rubles even real money? Right now it is being treated as something rather like a cryptocurrency, and may turn out to even more volatile.
One of the cryptocurrency exchanges I use allows liquidity farming. I’ve been noticing a lot of ___-RUR pairs opening up lately. A month ago there were none.
Putin decreed that anyone wanting to buy Russian oil or gas, they would have to deposit Rubles in a Russian State Bank.
Just as some European countries require the Euro, Russia uses the Ruble inside Russia for the average Russian to use to buy bread, etc.
Putin Signs Decree Creating Ruble Payment System For Russian Gas To Bolster Currency