Ruble, Appeasers, and How Climate Change Might Decide the Winner of Russia’s Invasion
Not So Ruble
Earlier this week, I shared how many Russian economic indicators look good, and yet the sanctions are working. Here’s one example: the ruble’s strength. Why is it so strong? Isn’t it a sign that their economy is strong? Not at all.
As we’ve seen, Russia has still been able to export its fossil fuels. But it can’t import the advanced technolog…