Hegemony has its price.
May Putin reap the whirlwind of anger.
Where’s China stand to profit from all this ?
Well the resident slurper geniuses here, said it was just exercises.
All the moron had to do was end the exercises and go back to their bases.
Russia already has a poor economy and now Putin makes the average Russian pay the price.
“(Ruble now worth less than a U.S. penny)”
Of course that is totally meaningless without considering the relative purchasing power.
The Japanese Yen is also worth less than a penny. (8/10th of one). That tell one nothing as to whether it is strong or weak.
Since China has a peg to the dollar, I would think the fall of the ruble does indeed affect them in their trade with China, making stuff they buy from China more expensive.