Buying Rubble News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Regrouping, takes a step, back in and lashes back out from a position of weakness to regain strength. >> let me ask you about that crippled russian economy, because we, and our european allies, have been passing more and more, what we think, are crippling economic sanctions. when you look at the russian ruble, it's bouncing back. what does that tell you, one? >> i think it's dangerous to look at the ruble day-to-day, and uses a measuring stick for effectiveness of sanctions. for a couple of reasons. one, the russian central bank is propping off the rubble, they're buying rubble. that count pol...

Is propping off the rubble, they're buying rubble. that count political controls, on so you can exchange dollars and euros the way you can normally. they've raised interest rates, 20%. that's not sustainable long term. so, the ruble is weaker. there's no question. russian economy is going to be shrinking. the reality though, the sanctions regime is not complete. there's a gaping hole in it. that's russian oil and gas. putin has known for a very long time that he can use the oil and gas sector as a sword and shield for sanctions. that's exactly what's happening here. a little over 40% of russia...