Russia requiring some national buyers of its energy to pay in Rubles, forcing them to buy Rubles in the market.
Isn’t it better for Russia to accept foreign currency? If it has for. currency in hand it can buy Rubles later or use it to buy key imports
rferl.org/amp/russia-gas…
Isn’t it better for Russia to accept foreign currency? If it has for. currency in hand it can buy Rubles later or use it to buy key imports
rferl.org/amp/russia-gas…
I only see this making sense if it is a counter to some foreign suggestions of holding payments in escrow. Russia could cut the taps in response, but that might be too final a step. RU may think this props up Ruble even if payment held in escrow
Any way you look at it, this just seems like Russia limiting its own options
Gas futures in Europe surged more than 30% on the news. Italian government advisors have stated it is not inclined to go along with a Ruble purchase requirement
financialpost.com/pmn/business-p…
ansa.it/english/news/b…
financialpost.com/pmn/business-p…
ansa.it/english/news/b…
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