Ruble Reaches Five-Year High Against Euro

Any time now.

The Russian economy is going to completely collapse any time now.

Just you wait, buddy.

RT:

The Russian ruble is edging towards a five-year high against the euro on Monday, demonstrating unprecedented resilience amid the most drastic sanctions ever imposed on Moscow by the West. The ruble was named the world’s best-performing currency by Bloomberg last week.

The ruble strengthened by over 1% to trade just above 65 rubles to the euro, getting close to its strongest position since June 2017.

The Russian currency made similar gains against the US dollar, trading above 63 rubles per dollar, hovering near its strongest exchange rate against the greenback since February 2020.

The ruble dropped to historic lows of over 120 to the dollar and 130 to the euro amid the first wave of Ukraine-related sanctions in early March, but has since nearly doubled in value.

Hm.

What if the sanctions are not actually working?

What if the sanctions are only harming the sanctioners?

What if these billions and billions sent to the Ukraine don’t actually stop Russia from taking the territory they want, and instead just drain the US and NATO of all their weapons supplies?