The chart linked to the “soaring Russian economy” link shows the Ruble exchange rate, which says very little about the state of the overall Russian economy, except foreign exchange. And that exchange-rate chart shows the value of the Ruble doing down the shitter.
Yes, I was being sarcastic. A strong currency is generally associated with a strong economy. The Russians managed to keep the ruble strong the first year of the war, somewhat stable in the second. The last three months have been rather turbulent.
It of course affects the Russian man in the street directly, foreign goods (whatever is still imported) get more expensive. It could be beneficial for exports, but it seems their energy business is not going so great either.
So yeah, I was indeed being sarcastic. As long as they have energy to export they will have some income, but it has been a long time since the Russian economy looked worse.
Whether it’s me or Putin who are correct on this one, a weak ruble to the dollar means Russians will struggle to afford imported goods from the US. So they are not going to be a very profitable trade partner any time soon.
The chart linked to the “soaring Russian economy” link shows the Ruble exchange rate, which says very little about the state of the overall Russian economy, except foreign exchange. And that exchange-rate chart shows the value of the Ruble doing down the shitter.
So I’m guessing you were being sarcastic.
Yes, I was being sarcastic. A strong currency is generally associated with a strong economy. The Russians managed to keep the ruble strong the first year of the war, somewhat stable in the second. The last three months have been rather turbulent.
It of course affects the Russian man in the street directly, foreign goods (whatever is still imported) get more expensive. It could be beneficial for exports, but it seems their energy business is not going so great either.
So yeah, I was indeed being sarcastic. As long as they have energy to export they will have some income, but it has been a long time since the Russian economy looked worse.
That’s my analysis though. According to a coughing, cold sweating Putin, all is going just great.
Whether it’s me or Putin who are correct on this one, a weak ruble to the dollar means Russians will struggle to afford imported goods from the US. So they are not going to be a very profitable trade partner any time soon.