Russia: పాశ్చాత్య దేశాలు ఫెయిల్.. ఆంక్షలు విధించినా రష్యా కరెన్సీ విలువ పెరుగుతోంది

Russia has been at war with Ukraine for three months. Cities, towns and villages in Ukraine are being destroyed in this war. However he acknowledged that their numbers were not enough to defeat Russian President Vladimir Putin. Russia is facing military and strategic support from NATO countries such as Ukraine, the United States and Britain, which want to surrender to Russia in just a few days. Russia, which wanted to occupy the capital Kiev, was stopped. What to do with it or Russia is now at war from the East.

Meanwhile, the atmosphere seems to have failed in the Western countries that wanted to overthrow Russia. The United States and its allies have imposed sanctions on Russia in a bid to hurt Russia’s economy. It is hoped that this will lead to the collapse of the Russian economy. The United States, Britain, Australia, Japan and NATO have imposed economic sanctions on Russia. European countries are halting oil and gas imports as Russia’s main source of income.

Meanwhile, the ruble, the Russian currency that has imposed so many sanctions, continues to appreciate against the dollar. On March 7, the dollar fell to a record low of 0.007 against the dollar. However, the exchange rate has improved by 15 per cent since then. Currently it is up 0.016. Russian President Vladimir Putin devised an armory strategy as he prepared for war. Putin, who knows that Western countries will impose economic sanctions anyway, has made it clear that he will have to pay in rubles to buy oil and gas. Prior to that, all these transactions took place in euros.

Germany is the largest buyer of gas with Russia. Gas is supplied from Russia to Germany via the Nord Stream Pipeline. However, Germany agreed to the ruble condition imposed by Russia. However, European countries are reluctant to import gas from Russia for fear of the US. But cheap oil and gas from Russia could have an impact on the economies of those countries in the long run. However, experts warn that Russia’s current payments in ruble could have a serious negative impact on Russia’s economic situation if it continues to pursue a similar strategy over the long term.