Illya Gerasymchuk
Entrepreneur / Engineer
a kind reminder that higher oil prices benefit Russia and Ruble U.S. puts sanctions on Russia --> Oil price increases --> Ruble price increases This is driven by how Russia's National Wealth Fund (NWF) operates, plus the fact that both NWF and Russia's Central Bank have almost no exposure to USD
🇷🇺 oil up is GOOD news for Russia & Ruble every surplus above $60/barrel of Urals oil increases FX reserves in NWF (Yuan or gold) - an interplay between MoF and CBR exporters pay taxes in Ruble - so higher buying pressure mark my words: 👉 you'll see USD/RUB exchange rate fall
