the world needs George Soros to Short the Russian Rubles

a picture is worth a thousand words https://www.xe.com/currencycharts/?from=RUB&to=USD

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• the economic sanctions had plummeted the Rubles; ; Rubles per US$ had plummeted from 70 per to 120 per
• artificial recovery moves, by the Russian central banks and hard currency exchange on exports (oil & gas), have reversed the trend, to 84 per, so far.

then, Russia appears to have walked back demands that European companies pay for gas supplies in rubles from Thursday, temporarily alleviating the risk of supply disruptions.


it is ripe for currency shortists, such as Geroge Soros, to step in to land the KO punch

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on second thought, the US Treasury / Fed, and the Central Banks from NATO countries, should follow suit to short the Rubles

should this transpire, it'd not be far-fetch to say that central banks from China will also be
join the economic party and to profit off the demise of the rubles

effectively, these countries, will be able to get Russian oil/gas 1/2 penny on the dollars​

 

while Donald had been Putin's useful idiot seeking the war criminal/murderer's approval for a Trump tower in Moscow,

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Biden has become a "ruble rouser", pun intended​

“As a result of these unprecedented sanctions, the ruble almost is immediately reduced to rubble,” President Joe Biden said in Poland last week.

But the U.S. could go much further, including escalating the sanctions that have already been imposed.

For example, the U.S. has imposed full blocking sanctions on only one of Russia’s five largest banks and has cut only seven financial institutions off from the SWIFT international payments system. While the U.S. has targeted Russia’s defense and banking sectors, it hasn’t imposed major restrictions on any of the big players in the mining and metals, transportation or shipping sectors.

“There’s a lot of room for escalation,”

Looking beyond the ruble, the outlook is clearly ominous for Russia — people are fleeing, contributing to what the White House calls a “brain drain,” and trying to pull their money out of the country; Western businesses are closing up shop, and interest rates have soared. Economists at the Institute of International Finance estimate Russian GDP could contract by 15 percent this year.

 

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the emphatic FU from the "ruble rouser"

U.S. stops Russian bond payments in bid to raise pressure on Moscow

The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars.

Under sanctions put in place after Russia invaded Ukraine on Feb. 24, foreign currency reserves held by the Russian central bank at U.S. financial institutions were frozen.

But the Treasury Department had been allowing the Russian government to use those funds to make coupon payments on dollar-denominated sovereign debt on a case-by-case basis.

On Monday, as the largest of the payments came due, including a $552.4 million principal payment on a maturing bond, the U.S. government decided to cut off Moscow's access to the frozen funds, according to a U.S. Treasury spokesperson.

An $84 million coupon payment was also due on Monday on a 2042 sovereign dollar bond.

The move was meant to force Moscow to make the difficult decision of whether it would use dollars that it has access to for payments on its debt or for other purposes, including supporting its war effort, the spokesperson said.

Russia faces a historic default if it chooses to not do so.

"Russia must choose between draining remaining valuable dollar reserves or new revenue coming in, or default," the spokesperson said.​