Take Care of the Ruble and Gas Will Take Care of Itself

... stronger, costs of imported equipment will drop), bringing a positive effect on the plans for modernizing Russia’s manufacturing sector. Ivan Timofeev: Ukrainian Crisis. Who Has the Upper Hand? Therefore, switching payments for deliveries Russian gas into rubles is perfectly in line with the principles of today’s multilateral monetary system. Certainly, since the dollar had pushed out all other currencies from servicing global trade, these principles were essentially abandoned. However, that does not make them any less legally valid. What also needs stressing is that national currency is the crucial element of ...