HAHAHAHAHA. Ruble is weak because Russian government kept it weak because it makes labor cheap which is very good for oligarchs. For years they’ve been buying euros and dollars to keep ruble low, and you know what happened to those money? Those are the money that got frozen! Poof!
Today they do everything they can to prevent ruble to become even stronger.
The ruble is stronger than it’s been in a decade so they might have calculated the risk. At the very least I can believe they expected this to happen.
(this graph doesn’t show the 2000s where the ruble was steadily stronger. This graph compares roubles to the Euro)
Yeah, it is obvious they did not moved before having guarantees from China. Possibly also from India and other trade partners.
HAHAHAHAHA. Ruble is weak because Russian government kept it weak because it makes labor cheap which is very good for oligarchs. For years they’ve been buying euros and dollars to keep ruble low, and you know what happened to those money? Those are the money that got frozen! Poof! Today they do everything they can to prevent ruble to become even stronger.