RE: RE: off topic11 Apr 2022 15:28
It’s not known if Vladimir Putin was paying much attention to news out of Paris over the weekend. The impact of financial and trade sanctions on the Russian economy are becoming hard to ignore for the Kremlin, let alone the comrade in the street.
The rouble dropped sharply in early currency trading this morning after Russia relaxed some capital control measures aimed at propping up the currency. Companies are still being forced to convert a proportion of foreign exchange revenues into the domestic currency, though news has emerged that Russia is halting bond sales for the remainder of the year as borrowing costs have gone through the roof.