Uncharted Territories

Uncharted Territories

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Uncharted Territories
Uncharted Territories
Ruble, Appeasers, and How Climate Change Might Decide the Winner of Russia’s Invasion
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Ruble, Appeasers, and How Climate Change Might Decide the Winner of Russia’s Invasion

Tomas Pueyo's avatar
Tomas Pueyo
Sep 08, 2022
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Uncharted Territories
Uncharted Territories
Ruble, Appeasers, and How Climate Change Might Decide the Winner of Russia’s Invasion
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Not So Ruble

Earlier this week, I shared that 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 technolo…

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