Can somebody explain me to the practical effects of Russia demanding to be paid in rubles

[DemocratSinceBirth]

Thank you in advance.

[WarGamer]

1. Pumps up the Ruble for one. Legitimizes the ruble also...

After the announcement, the value of the Ruble shot up today, now 98 Rubles per USD. It ws 80 pre-war.

[PoliticAverse]

2. Creates demand for the ruble increasing its value, hurts the U.S. dollar. n/t

[TheBlackAdder]

3. It's like crypto, worth 0.00000023 of a dollar and can only go up or out! 🤣🤣🤣

[LiberalFighter]

4. Just don't buy their stuff.

[Tetrachloride]

5. There are 2 schools of thought in our first 3 posters: monetary and intangible.

The pressure on the outside is sanctions (monetary).

Buy low, sell high is a lead factor.

But Putin is resisting with military, imprisonments and overall force of will.

I submit the hypothesis that being paid in rubles is a psychological tactic, not so much a monetary one —> if Putin’s main concern is keeping himself alive.

[TheBlackAdder]

6. From a WWII historical perspective, trashing Russia's economy & keeping them oppressed might be bad.

.

Once Putin is out and a stable government takes over, we need to come to their aid.


WWII was a direct result of WWI reparations and shunning, which created an environment where a totalitarian Hitler rose to power as many people were living in the streets at night and hid during the day to give the illusion they were not completely impoverished to foreigners. All the while, they were amassing their war machine, even teaching bombardier's to drop bomb sitting on a chair atop a table as a picture of cities were pulled underneath them on the floor.

.

[orwell]

7. The short term effect...

...is that it props up the ruble.

The long term effect is that Pooty is killing his energy demand by being an unstable supplier.

He is speeding the transition away from fossil fuels, especially his.

[paleotn]

8. Meant for internal consumption mostly.

What they really need are dollars and euros to pay their sovereign debt obligations. If they default, they can demand rubles to purchase their mothers and it won't make any difference.

[Beastly Boy]

9. It's a band aid on a gaping wound.

Short term, it will lend some legitimacy to the ruble and will delay its collapse. Long term, to accommodate all the new transactions in rubles, Russia will need to print barrels of it (pun intended) With the number of rubles in circulation skyrocketing, and consumer goods in Russia getting increasingly scarce, it will create long-term hyperinflation trends inside Russia, cheapening the ruble on the world market. Russia will not be able to sustain this monetary nightmare, and the ruble will likely collapse anyway, but this time it will happen whether the sanctions stay in place or not.