Based on the ruble's decline against gold today, the markets are not yet impressed by Putin's demand for Europe to pay for Russian NatGas in rubles.
Intraday currency shifts should not be extrapolated too far, but the early assessment of Putin's escalation on the economic front appears to be “meh”.
Putin's Escalation Fizzling?
Putin's Escalation Fizzling?
Putin's Escalation Fizzling?
Based on the ruble's decline against gold today, the markets are not yet impressed by Putin's demand for Europe to pay for Russian NatGas in rubles.
Intraday currency shifts should not be extrapolated too far, but the early assessment of Putin's escalation on the economic front appears to be “meh”.