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GammaLab
May 5, 2022 1:13 PM

Who is winning? 

BRITISH POUND / RUSSIAN RUBLEICE

Description

Or better: Who is really getting punished by the sanctions imposed on Russia? If there is a more dramatic picture about the self-destructive effect the measures have, let me know.
Comments
sp3ed
Hi mate. Ruble is stronger because Russia's import is very low as you can imagine. No import = no need to sell rubles and buy foreign currencies. Doesn't mean that economic is getting stronger.
GammaLab
@sp3ed, and exports through the roof. Relative to western economies the Russian economy is getting stronger.
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