Rufus_Leakey
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Speaking of reality ...Breaking news. . .
Apparently, Putin's been on the hotline to 10 Downing St. and the White House asking the west to impose yet more sanctions. More the merrier, he's absolutely lovin' 'em . . .
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You just keep clinging to what you want to believe, what you wish would happen and ignore the reality.
![www.aa.com.tr](/proxy.php?image=https%3A%2F%2Fcdnuploads.aa.com.tr%2Fuploads%2FContents%2F2022%2F05%2F16%2Fthumbs_b_c_93a7076069dec82eb7e819f7f2f1fc83.jpg%3Fv%3D092902&hash=93bd3f1f581d975f252fb46820279f55&return_error=1)
Russian ruble's return to pre-war levels no sign of economy back on track
Initial financial panic subsided in Russia, but doesn't show resilience amid cutting sanctions, says exiled economist Sergei Guriev - Anadolu Ajansı
![www.aa.com.tr](/proxy.php?image=https%3A%2F%2Fcdnassets.aa.com.tr%2Fassets%2FnewVersion%2Fimages%2Ffavicon-32x32.png&hash=9818e3a2902f0008564bb67ceb7e1da0&return_error=1)
![www.reuters.com](/proxy.php?image=https%3A%2F%2Fwww.reuters.com%2Fresizer%2FTSE3wj41DnQjifxHCCF-CCHkho0%3D%2F1200x628%2Fsmart%2Ffilters%3Aquality%2880%29%2Fcloudfront-us-east-2.images.arcpublishing.com%2Freuters%2F7H7BUPRV6FJM5GO3CRN5TTBPEI.jpg&hash=2dcebc4c0c8f4e5a72b7689275415e58&return_error=1)
Analysis: Russia's rouble rebound not quite what it seems
Six weeks after Russia sent troops into Ukraine, the rouble has staged an apparently extraordinary recovery, but all is not what it seems and the exchange rate used in everyday transactions is sometimes very different to the official one.
![qz.com](/proxy.php?image=https%3A%2F%2Fi.kinja-img.com%2Fimage%2Fupload%2Fc_fill%2Ch_675%2Cpg_1%2Cq_80%2Cw_1200%2F35aa0da1db1ab0e27e2a749b9fd6caf6.jpg&hash=48295596ed72178407397826737a4b60&return_error=1)
How Russia made its ruble the world’s top-performing currency
The ruble's apparent resilience isn't the best way to gauge the effectiveness of sanctions.
![qz.com](/proxy.php?image=https%3A%2F%2Fi.kinja-img.com%2Fimage%2Fupload%2Fc_fill%2Ch_80%2Cq_80%2Cw_80%2F4716932d29f4ef6064940c18eaab1f3d.png&hash=6cc04eeaabe0dddf01449de976eae7ec&return_error=1)
So the apparent strength of the ruble, does not necessarily mean the Russian economy is strong.The rally, experts say, is largely artificial, the result of capital controls imposed by Moscow in the wake of Western sanctions. While the ruble may look promising on paper, in reality, many money changers have stopped dealing in the currency because of the extreme volatility in its exchange rate due to low trade volumes.