Zerohedge has an article about this. Their theory is that nobody is holding rubles in some sort to reserve, but there are near instantaneous swaps for dollars or euros when they sell their commodities, so many of the sanctions targeting the Ruble are useless.
Zerohedge has an article about this. Their theory is that nobody is holding rubles in some sort to reserve, but there are near instantaneous swaps for dollars or euros when they sell their commodities, so many of the sanctions targeting the Ruble are useless.