No wonder the Ruble still shows itself strong while all those sanctions hail down on Russia. As Russia forces buyers of its oil and gas to first buy Rubles, this pushes the currency artificially up. But does this mean that the Ruble or the Russian economy is fine? By no means. That said, for those who want to see confirmation of the superiority of the Russian way it’s enough to show off. They can’t or don’t want to see reality for what it is but that has been a feature of humans since the first civilizations sprung upü more than 5000 years ago. Time always takes care of it.
Four European gas buyers have already paid for supplies in rubles as President Vladimir Putin demanded, according to a person close to Russian gas giant Gazprom PJSC.