The Russia thread.

Out of context: Reply #879

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  • Khurram1

    Russia’s economy is back on its feet

    https://www.economist.com/financ…

    "Helped along by capital controls and high interest rates, the rouble is now as valuable as it was before Russia’s invasion of Ukraine in late February (see top chart). Russia appears to be keeping up with payments of its foreign-currency bonds... "

    Khurram 1Permalink
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    • It used to be in Russia $1 was equivalent to 60k ( 60 Russian cents). It was artificial. you couldn't exchange for that rate more than $20 or so. and you can'tzaq
    • spend that anywhere.zaq
    • All this oil banning - Russia just needs to ship oil to a comrade and have it refined into products to get around sanctions.shapesalad
    • russia can't refine on its own, this is just a dead cat bounce
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