Gas for Rubles: Direct and Indirect Consequences

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Gas for Rubles: Direct and Indirect Consequences

The n rubles adds more than 3% to the dollar, trading around 100 on news that "so-called unfriendly countries" will have to pay for gas in rubles. Impulsively (as the n currency market remains extremely illiquid), the USDRUB dropped below 95. This is indeed positive news for the n currency as it increases demand. But […]

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