Posts

News: July 3, 2022. Russia Requesting Payment in Rubles for Grain

avatar of @marcusantoniu26
25
@marcusantoniu26
·
0 views
·
1 min read

Russia is requesting payment in rubles for grain. In addition to this, the grain will only go to "friendly countries" and to countries in real need for food.

The Western countries are accusing Russia of a geopolitically motivated attack on global food security, while Russia accuses the West of applying irresponsible "sanctions".

The ruble has gained significant value in the past 3 months. This new requirement will probably result in an increment in the demand for rubles with a subsequent improved conversion rate.

For further information, please read the following [article] (https://www.zerohedge.com/commodities/russia-will-now-demand-rubles-grain-worlds-largest-wheat-exporter)

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.