Ask HN: Why did the ruble stabilize and what's going on?

Post by gutitout » Sat, Apr 30, 2022, 11:34 PM UTC

ratsforhorses wrote: post #115

gutitout wrote: post #89

Earlier quoted context omitted.

“US doesn’t buy anything from Russia.” https://www.wsj.com/amp/articles/russian-oil-flows-but-incre... “Germany has said it wouldn’t pay in ruble.“ True. Due to long term contracts in place, some oil is not purchased using rubles. Still, other European countries including Netherlands, Hungary, Poland, Lithuania, Greece and others are purchasing in rubles. Also, India and China are purchasing a large amount of oil. ht…

"other European countries including Netherlands, Hungary, Poland, Lithuania, Greece and others are purchasing in rubles. Also, India and China are purchasing a large amount of oil. https://www.reuters.com/business/energy/who-is-still-buying- ..." I did a bored skim read through the linked article, but couldn't find any reference to " Netherlands, Hungary, Poland, Lithuania, Greece and others are purchasing in rubles"…

Post by gutitout » Sat, Apr 30, 2022, 11:34 PM UTC

deepsun wrote: post #125

gutitout wrote: post #89

Earlier quoted context omitted.

“US doesn’t buy anything from Russia.” https://www.wsj.com/amp/articles/russian-oil-flows-but-incre... “Germany has said it wouldn’t pay in ruble.“ True. Due to long term contracts in place, some oil is not purchased using rubles. Still, other European countries including Netherlands, Hungary, Poland, Lithuania, Greece and others are purchasing in rubles. Also, India and China are purchasing a large amount of oil. ht…

Any sources on Netherlands and others paying in roubles? Your link doesn't say anything about it. All I heard is about Hungary said they'll pay in roubles, but not sure about any actual payments made.