USD/RUB weakens The ruble strengthened significantly after V | Crypto Valent 🌓

USD/RUB weakens

The ruble strengthened significantly after Vladimir Putin announced that European payments for gas supplies will be switched to rubles as soon as possible. At the same time, he specified that the old supply contracts would also be converted into rubles.

Immediately after the statement, USD dropped below RUB100 on Moscow Stock Exchange.

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short term side effects:
- Oil pumped
- Ruble pumped
- SPX dropped - Bitcoin dropping