Posted on Jun 17, 2024

Rouble is Burning | Russian Economy is in a Freefall | Ukraine War Update

PO1 William "Chip" Nagel

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Update from Artur Rehi

Posted in these groups: Russo-Ukrainian War 1ed105b8

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Gold 24

Posted 5 mo ago

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Posted 5 mo ago

Russian banks are skewing the exchange rate. Since U.S. dollars are stable and Russian rubles are volatile, they are disincentives for selling the former.

https://markets.businessinsider.com/news/currencies/russia-dollar-ruble-exchange-us-sanctions-currency-yuan-ukraine-war-2024-6

Russia shuts down dollar and euro trading after sweeping US sanctions take aim at Moscow's...

Russians were lining up at one lender that was still offering dollars after trade was restricted following new sanctions, Bloomberg reported.

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