The ruble is too strong, now for Putin it is a “problem”: the Russian Central Bank is running for cover (by C. Paudice)
“The currency is getting too strong, Moscow is buying dollars and euros” bypassing the sanctions. The monetary authority denies it. But the rush is starting to worry, the Kremlin adopts new rules for exporters 23 Maggio 2022 Updated at 20:05
Draghi reveals the obvious (and European hypocrisy): gas will be paid for in rubles (by C. Paudice)
For not accepting the conditions imposed by Vladimir Putin, Poland and Hungary have been cut off from Russian gas supplies. Apparently, they will be the only ones to pay the price. Prime Minister Mario Draghi intervened from the Italian embassy in Washington in the dispute between Brussels and Moscow on how to pay the bills […]
Closest default for Russia, but it doesn’t disturb Putin’s sleep (by C. Paudice)
The biggest damage could be in terms of credibility on the markets but it will have to deal with it in the long run and after the invasion of Ukraine it is perhaps the least of Vladimir Putin’s problems now. On Wednesday, Russia paid in rubles the $ 650 million coupons on eurobonds due this […]