Gas is more than double what it was a year ago, so even at a discount he’s making a killing.
The ruble is solid. That tells you Russia is doing fine.
The rubble is as “solid” as north Korea currency.
Putin’s regime imposed a clampdown, preventing the purchase or sale of foreign currency. They also doubled their interest rates.
If a dictatorship declares afixed exchange rate and cuts off currency trading, you cannot claim that currency to be “stable “
Read an article or viewed a video that talked about the Ruble.
On the surface the Ruble did rebound. The problem is what Russia had to do to get that rebound. It bumped up interest rates to 17%. It sold gas at discounts.
It pulled a few other things that helped with the rate also, but it is considerably
negative for the country.
On the surface Russia doesn’t look too bad, but the situation is not good at
at all, all things considered.