Sanctions on Russia
in War in Ukraine ·
Alexander Thompson said:So, picture this: you wire Euros into one of your accounts at a Russian bank. Then, that same bank just swaps those Euros for Rubles and tosses them into a different account you have there. From that second account, you pay for your gas at the price you originally agreed upon in Euros.
Basically, you hand over the Euros just like you planned, and then the Russians just play games with them—converting them into whatever they want—just like they've always done. 🤷
Looks like a run on the dollar.
It’s just a waste of time—money isn't even leaving the country because nobody's actually out there buying up Rubles. No point.
When things go south, people start hoarding USD and other hard currencies. It's just what happens.