RUSSIAN Ruble Dead as a Global Currency

Video Summary

Russia is facing significant economic challenges, particularly since the imposition of sanctions. The Russian ruble is losing its global relevance, with many countries refusing to deal in it. As a result, Russia is now receiving most of its export revenue in Chinese yuan, which is causing problems for its economy. The country is also struggling to be paid for its exports, with many institutions and businesses avoiding dealings with Russia due to the risk of secondary sanctions. This has led to a significant reduction in trade and a growing reliance on domestic production and consumption. The Russian Central Bank reported that the country’s export revenue is falling, and the economy is becoming increasingly dependent on domestic production and demand. The country’s war effort is also heavily reliant on domestic funding, with the government paying thousands of companies to produce goods and services for the war effort. The Russian economy is becoming increasingly isolated from the global economy, with many countries avoiding dealings with Russia due to the sanctions. The Russian ruble is no longer a global currency, and many other countries are now dealing in Chinese yuan or United Arab Emirates dirhams instead. The value of the ruble is also unstable, with a highly manipulated exchange rate. Overall, the Russian economy is facing significant challenges, with a high risk of implosion.

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