The economic war deepens
It plunged before talks.
This has everything to do with the gold ruble.
because Germany is going to start buying roubles to pay for gas?
So the ruble falls off a cliff, and then when it starts coming back up it is the dollar that is plunging? That’s like claiming the cliff is plunging after a body makes a dead cat bounce at the bottom after falling off. What an idiotic headline.
“Russia and Ukraine negotiators completed a round of talks in Turkey.....”
Which just might be faked by the Rooskies to buy them more time. The Ukrainians are aware of this.
The Russians are using Roubles and allowing trade in Yuan from China. China is rotating in companies into Russia that already have western sanctions against them or have minimal Western exposure, specifically PLA owned companies.
Another thing is that China is having serious port issues right now due to “Covid”. So any tarrif lift isn’t going to have an effect anytime soon. It also doesn’t go far enough as many of the tariffs remain in place.
Finally it appears that this will end by the end of summer, so Europe will crawl back to Putin’s energy pipeline before winter.
Devaluing the dollar is inflation to those in the US that use it.
Yet another tax on the people.
So the sanctions are not actually making the ruble rubble?
The ruble had already recovered a bunch from it’s low.
https://www.xe.com/currencycharts/?from=RUB&to=USD&view=1Y
The headline is misleading. It is more accurate to say that the ruble is soaring against the dollar.
Against a basket of currencies, the US Dollar has been trading between 98-100 for the entire month of March.
That is the highest the USD has traded in almost two years.
The ruble is now gold backed. Its a new game.
He also put out an E.O. for a study for a bitcoin system if that isn’t a money grab and control nothing is.