Russian ruble plunges 20% in pre-market trading following Ukraine sanctions

[Jack]

"The Russian ruble has plunged more than 20 per cent in pre-market trading following sanctions placed on the country’s financial institutions after the attack on Ukraine."
https://www.independent.co.uk/news/world/europe/russia-ukraine-ruble-sanctions-trading-b2024591.html

 

[Legion]

You didn't know that Russia has over $500 billion in gold reserves?


https://www.bloomberg.com/news/articles/2021-01-12/russia-s-583-billion-reserves-now-hold-more-gold-than-dollars

 

[Hawkeye10]

You didn't know that Russia has over $500 billion in gold reserves?


https://www.bloomberg.com/news/articles/2021-01-12/russia-s-583-billion-reserves-now-hold-more-gold-than-dollars

Russia has spent 8 years getting financially ready for this...now we see how they did.

 

[Hawkeye10]

You didn't know that Russia has over $500 billion in gold reserves?


https://www.bloomberg.com/news/articles/2021-01-12/russia-s-583-billion-reserves-now-hold-more-gold-than-dollars

Interesting...6 hours fresh

Bank of Russia Resumes Gold Buying After Two Years on Sidelines

https://news.yahoo.com/bank-russia-resumes-gold-buying-190114643.html

 

[Althea]

"The Russian ruble has plunged more than 20 per cent in pre-market trading following sanctions placed on the country’s financial institutions after the attack on Ukraine."
https://www.independent.co.uk/news/world/europe/russia-ukraine-ruble-sanctions-trading-b2024591.html

Excellent read
https://www.theatlantic.com/ideas/archive/2022/02/how-russian-sanctions-work/622940/