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225 - The economics of energy

The David McWilliams Podcast

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The Russians Want to Create a Demand for Rubles

The russians are trying to generate a demand for their currency. They therefore try to insulate their people from the fall in the rouble that the west hoped would be one of the leading indicators of chaos. So they're d dollar rising the russian exchange trade. And that then creates a demand for roubles that pushes up the price of ubles. That's their bluff. But germany, by the same measure, this week, or you the e u. U surely the reaction to that is no itorapto soul?

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