Questions tagged [russia]

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Why does Putin want to be paid in rubles?

Putin demands other countries to pay Russia for its gas in rubles. He does this supposedly to strengthen the ruble. I don't fully understand why this is important for Russia. Imagine they pay him in ...
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20 views

How much is not selling gas to Poland and Bulgaria costing Russia?

In dollar/Euro terms, how much money is Russia losing by not selling gas to Poland and Bulgaria?
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5 votes
1 answer
1k views

Does Russian Ruble strengthening mean the sanctions did not hurt Russian economy?

After imposing the sanctions to Russia, 1 USD skyrocketed to 139 Rubles, but now it is back to the pre-war exchange rate. Moreover, it kept decreasing almost every day recently. Does this mean that ...
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1 vote
1 answer
60 views

Why doesn't Russia buy USD to pay its external debt and avoid default?

(I apologize beforehand for this extremely clueless question! I have searched for the answer for a long time without success.) Credit rating agencies have recently declared Russia to be close to ...
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Can Russia bypass western supply sanctions by buying from Kazakhstan and China?

Western nations have forbidden their companies from selling some of the most crucial products of a modern economy: semiconductors industrial spare parts (e. g. for planes) industrial equipment ...
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4 votes
0 answers
46 views

What caused Russia's currency to appreciate back to pre-war levels despite sanctions and debt default? [duplicate]

Prior to its invasion of Ukraine on 24 Feb 2022, Russia's currency was trading at around 0.012 USD. Today, the Ruble is back near pre-war levels (currently 0.12 USD): I thought war, sanctions, ...
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1 vote
3 answers
85 views

Did Russia peg Rubles to a Gold Standard?

Did Russia peg the Rubles to gold? I keep reading articles on that. Are there any catches or circumstantial facts, that Russia is not on a gold based standard? Trying to verify these articles. ...
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2 votes
1 answer
54 views

How effective are economic sanctions on Russia?

Things like "banning Russia from SWIFT" sound devastating, but then we find out that actually it is a ban on some (not all) Russian banks. So, do the sanctions imposed by the West and the ...
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2 votes
2 answers
158 views

(How) does Russia benefit if Gazprombank instead of Gazprom gets to keep the euros?

I know there's an older question here, but Russia has recently clarified (after some pushback from the EU capitals) what it means by gas payments in rubles. As RT explained: “Everything will be fast, ...
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-1 votes
1 answer
79 views

Did Russia's GDP per capita really fall 38% between 2013 and 2020?

GPD per capita usually goes up over time due to improvements in technology, but Russia's fell dramatically from \$16,000 to \$10,000 in the 7 years from 20131. There was little change in Russia's ...
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  • 703
2 votes
1 answer
120 views

Can Autarky be prosperous?

In light of the recent economic sanctions on the Russian federation, I would like to know, if it is theoretically possible for a country like Russia, with a high level of natural resources and ...
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1 vote
0 answers
61 views

Does Russia export anything that isn't widely available elsewhere?

Some countries produce items for which there is no easy substitute. For example Taiwan produces 53% of the world's semiconductors. Is there any product(s)/service(s) for which Russia is a monopolist (...
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1 vote
3 answers
102 views

How do USD sanctions on Russia work?

On the 28th of February 2022, the US Government banned United States persons from engaging in transactions with the Central Bank of the Russian Federation. The motive was quoted as "to prohibit ...
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1 answer
49 views

Does Russia now have discretion over Libor?

I'm attempting to parse through the loaded market commentary from Zoltan Pozsar as featured here. At one point, he makes the interesting assertion: Pozsar cautions that "if things escalate, it’s ...
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3 votes
1 answer
293 views

Which sanction against Russia creates the least side effects on Western economies: SWIFT disconnect or denying selling of government bonds?

This NBC article suggests more fragility to sanction Russia by barring its central bank to sell government bonds as opposed to disconnecting it from the SWIFT, where there is virtually an EU + UK + US ...
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1 answer
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Does Russia have higher inflation than US and Canada? If so, why in this particular case does money supply increase doesn't lead to higher prices? [duplicate]

My understanding is that Russian inflation in recent years is considered to be running in the 5-6 % range, while US and Canada - in the 2-3% range (as measured by price increases/CPI). But I'd expect ...
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1 vote
2 answers
459 views

How does Russia have so much foreign exchange reserves?

Source Russia is under U.S. sanctions. How does Russia have so much foreign exchange reserves?
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2 votes
1 answer
174 views

Value of the ruble in year 1825

Would anyone know how to find out the value of the Russian ruble in the year 1825, in today's (2016) US dollars?
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9 votes
3 answers
566 views

Why is the rouble collapsing?

What are the reasons why the rouble (RUB) is collapsing? Which one is the main one?
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