The West is failing to stop Russia.
The ruble just hit a 7-year high against the US dollar.
NEW – Russian ruble reaches 7-year high against US Dollar
— Insider Paper (@TheInsiderPaper) June 20, 2022
The ruble surged to a seven-year high, extending a rally that Russia wants to curb and sparking a debate in Moscow on whether the central bank should target an “optimal” exchange rate.
The currency jumped as much as 1.7% to 55.44 per U.S. dollar, its strongest level since July 2015 based on Moscow Exchange prices. That took its advance this year to 35%, a world-beating gain that has continued unabated even after policymakers lowered the benchmark rate by 1,050 basis points and relaxed capital controls imposed in response to Western sanctions.
It is truly disgusting what is going on. The West is letting an evil brute like Putin beat them and everyday people are suffering.
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