The weakness of the euro vis à vis the ruble has come to an end with a clear break out of the falling trend, right now printing a bullflag.
On the political front, Russia is losing its war, and has no possibility of being victorious. It now has to face massive inflation while the central banks cut rates. Russia doesn't have access to its gold and FX reserves. The little gold held at home cannot be sold abroad because of sanctions. Payment in rubles will in fact become increasingly cheap for European clients.
Don't hate me Russian trolls; Hate your great leader Putin the Loser instead.
On the political front, Russia is losing its war, and has no possibility of being victorious. It now has to face massive inflation while the central banks cut rates. Russia doesn't have access to its gold and FX reserves. The little gold held at home cannot be sold abroad because of sanctions. Payment in rubles will in fact become increasingly cheap for European clients.
Don't hate me Russian trolls; Hate your great leader Putin the Loser instead.