Jokes On Us, The Russian Ruble Is Stronger Than Ever…
发布时间 2022-07-11 19:00:12 来源
摘要
Ever since the Russian-Ukraine war began, the west has implemented loads of sanctions and restrictions in an attempt to punish Russia economically. And while it seemed like these measures were working at first glance, the Russian Ruble has actually started to skyrocket. In fact, the Russian Ruble is currently the strongest performing currency of 2022. This can be explained by a couple of factors. First of all, the EU is just in the first steps of cutting off Russian oil and energy, so they’re still handing over Russia tens of billions of dollars in revenue. Meanwhile, neutral countries like China and India are ramping up Russian imports to benefit from cheaper resources. On top of this, Russia has also implemented a slew of economic policies to further strengthen the Ruble such as requiring payments in Rubles. All of these measures have allowed the Ruble to perform extremely well, but the same cannot be said about the Russian economy. You see, while Russia has plenty of money to spend, they don’t have anywhere to spend it. This has destroyed many Russian industries such as the car and tech industries. Over time, it just becomes more and more likely that this pain carries over to other industries as well. This video explains why the Russian Ruble is so strong and why the Russian economy is hurting nonetheless.
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Timestamps:
0:00 - The State Of The Ruble
1:25 - Ineffective Sanctions
4:32 - Supply & Demand
6:47 - A Golden Cage
9:28 - The State Of Russia
Resources:
https://pastebin.com/JnJYpdE8
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