Blinken said on NBC’s “Meet the Press” on Sunday., US time.
- “People are being prevented from unloading rubles”
- “That’s artificially propping up the value. That’s not sustainable. So I think you’re going to see that change.”
Blinken with his FX advice ... The background to the ruble is that Russia’s central bank has imposed very strict capital controls to help counter sanctions & the exit of western films from operations in Russia.
Blinken remarks come via this link