Ruble versus US$. Oil/Gas and mineral resources needed for the renewable industry mean that Russia has exports, the supply of which is curtailed by market forces, which in turn means the price of these much sought after commodities rises. What comes to mind is that Coloniser Cecil Rhodes (Rhodesia, now Zimbabwe) founder of De Beers the source of diamonds; he worked out the equation of demand supply and to his benefit. One carat and everybody can aspire to buying same. The marketing then became engagement rings. The rest is history. Markets are markets. Source: GZERO

The ruble is back on top. Why? What a wild ride the ruble has had so far this year. Russia’s

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