As their currency soars compared to other nations’.
1.7 cents now versus 2.8 cents when Pedo Putin invaded Crimea? That’s not soaring.
In a closed economy, having a soaring currency means nothing.
Open your stock market for a day so foreigners can sell.
Let’s see how well the mighty ruble does on that day.
Everyone has a plan until they get punched in the face asked to pay in rubles.
All the FR ruble scoffers are missing the little fact that the Russki teller at the commodities window gets told by the supervisor what the euros or dollars of the petitioner for natural gas are worth at the moment of the transaction - regardless of what the exchange rate is.
Coming soon to Urals heavy crude oil, wheat and a whole list of other real physical Russian goods. IF you've been on The Nice List...
Hey, at least WE have "digital money" and "Bitcoin".
Yep, the article is largely propaganda. The buying power of the average Russian is now higher compared to pre-2014 when the first sanctions were applied.
IKEA, Apple, GM, H&M pulled out -good grief.
Two months were enough for electronics and car dealerships to find alternative sources and they are offering the same at lower prices than official distributors did before the war.
For lower margin clothing retailers it takes more time but they’d definitely fix it in a few months.