On the left is the russian rouble against the USD, to the left the same rouble to the Ukranian Hrivna. In the caseof the USD it was to be expected but the russian currency is also collapsing to the Ukranian Hrivna. Where do you think the smart money is placing its bets?
Not on the ruble that's for sure. It is quite political, and finances are politics at this scale, so it's all tied together I'm afraid, not some smart money thing