Posted on 04/26/2022 7:36:07 AM PDT by JonPreston
On Sunday, Russia entered the third month of its invasion of Ukraine, with no sign of an end in sight. Despite severe pushback in the shape of the toughest economic sanctions ever imposed on a country, the ruble, the Russian currency, appears to be strengthening.
What’s become evident is that, despite an enormously broad package of sanctions on Russia’s government and oligarchs, as well as an exodus of foreign enterprises, the moves are mostly ineffectual if foreign nationals continue to consume Russian oil and natural gas, which supports the ruble.
On Feb. 24, the first day of the invasion, the ruble traded at 81 rubles per dollar. At the time of writing this article, the ruble is currently trading at 74.49 rubles per dollar. This figure comes after Russia’s central bank cut back on its hawkish stance by reducing its interest rate.
(Excerpt) Read more at nairametrics.com ...
A clear indicator of the international investment community’s opinion of Russia
A good part of this failure can be pushed on Biden for killing the Keystone XL pipeline, the severe restrictions on federal oil leases, and the quagmire oil companies must put up with to get drilling permits from a tree-hugging bureaucracy.
Do you mean the FED, IMF, WTO and every globalist cartel member on the planet?
Everything Biden touches is a big failure.
Russia tangled with the wrong Soros puppet this time!
It’s all over for them now!
The Ruble is now backed by oil and gold with a direct exchange rate to physical gold or oil. The dollar is backed by the word of the corrupt US government and their private fed printing fiat currency. The Ruble is money the dollar is currency know the difference it’s an important one.
Stronger ruble and higher oil prices. Russian oligarchs rejoice.
America’s present generation of neocons, woke-progressives and permanent Fed.gov apparatchiks have risen through their ranks over the last 30 years with total acceptance of their ideology, complete control of their own narrative, no limits to funding and debt, steadily increasing power of the Fed.gov they occupy, and few limits on American power and dominance abroad.
We are witnessing complete arrogance and self-righteousness of America’s deep-state. They have no correction mechanism and will never accept failure of their blinkered world-view. The slow-moving coup against Donald Trump should have been the most glaring proof of all
These are the most dangerous people on earth.
The question is whether or not Macron has more "flexibility" now that he's been reelected.
Gee
Everything TalyBiden does
Weakens and Robs and Endangers
America
AND
Ukraine
And strengths and enriches
China AND Russia
Who did hunter collect cash from again ?
China AND Russia
Hmmmm.
If Ruble is so strong, maybe RuZZia should end capital controls and let foreigners sell their stock holdings?
TalyBiden is a whore.
The Credit/Debt scheme is central to the 'democracy model' these DC azzhats are looking to export at the barrel of a gun.
If this is true, the West is causing more hardship to itself than to Russia.
“Turning off” the economic switch to Russia is more concerning to me.
That sends a poor message to other foreign countries.
Intentionally DECEITFUL GARBAGE. They conveniently leave out how Russia has had to jack its interest rate way, way up to support the rubble at get it to the prewar level. Thats as deceitful as saying product sales are the same as last quarter without mentioning that is only because the price was slashed 80%.
Plus there is lots of talk how the Russians are spending a small fortune to artificially support the rubble. That is not sustainable.
The rubble is backed by gold ON PAPER ONLY. No one can give them rubbles and get gold. The backing is worthless.
Speedy in Texas, we are receiving app. 20,000 illegals a week just from your state alone. We are losing our country. Please wake up and do something!
Oh Dear!
This doesn't fit the "Narrative", what should we do?
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