2022 Russian invasion of Ukraine (Part 2)

wrath
82

Meanwhile:

15 Likes
83

That’s something the EU could actually help with (it’s not a military alliance), and it certainly is part of the discussion. Obviously most of the important things involve there not being active war going on unfortunately.

11 Likes
84
13 Likes
85
18 Likes
86

That’s bold. I hope he’s able to stay in Geneva.

12 Likes
87
16 Likes
88
13 Likes
89

“The decision came down to the fact it was untenable to accept a literal briefcase full of Rubles for a large coffee.”

11 Likes
90

eh, he staked his claim to relevance decades too early, and pissed it away.

1 Like
91

I hope he’s able to stay alive.

15 Likes
92

Sadly this does not seem to be the case.

Before the war started, it was around 75 rubles to the dollar. In the first two weeks, it went to 135 rubles to the dollar, losing about 40% of its value.

But now: it’s at 58 - the strongest it has been in 5 years - WT actual F?

Someone is making money here, and it ain’t the Ukranian people. :face_with_symbols_over_mouth:

7 Likes
93

From personal experience, particularly over the last few years in the U.S. markets, nothing is as unpredictable to the markets, yet presumably predictable to those in control, as short term, high impact, political surprises.

Implications of this are left as an exercise to the student.

4 Likes
94

The Russian central bank imposed exchange controls and created demand for rubles by instructing companies to swap their foreign currency reserves for rubles. Russia is also benefiting from the rises in oil and gas prices.

16 Likes
95

The last I heard, it is being artificially propped up by the government. They can only keep up the facade for so long before it will start to dip again.

Ah, there we go. That.

11 Likes
96
17 Likes
97

We must strike now, before newer generations realize our folly?

6 Likes
98
8 Likes
99
13 Likes
100

Leaked report also suggests assessing feasibility of using assets seized from sanctioned Russians

You heard it here first. :wink:

7 Likes
101

Yeah, the current value of ruble is a fiction. Nobody knows what the real value against dollars, euros etc. would be, but we can all be sure it’s not what Russia insists it is.

6 Likes