It’s probably useful to remind that sanctions are not only hitting EU and US, Russia is paying too: how far can the Ruble fall without creating serious damage in the Russian economy ?
We don’t know how much the Ruble will fall, and we don’t even know how much Moscow can hold before entering an economic crisis (someone says it’s already to late to avoid that), but the comparison between the Ruble and Euro/Dollars is scary:
The truth is that Russia is trying to react to this collapse, but it’s not working.
The Russian Central Bank is now buying Rubles (as Bloomberg reports) by using its foreign reserves.
We suspect that this chart is the only possible way to end the Russia-Ukraine crisis: when the situation will be too bad, Putin will change his policy towards Kiev (he won’t like it, but he will be forced to).
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