a kind reminder that higher oil prices benefit Russia and Ruble

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

Illya Gerasymchuk 2025-07-29 21:34

🇷🇺 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