you are viewing a single comment's thread
view the rest of the comments
[–] -1 points 1 year ago* (last edited 1 year ago) (2 children)

The rubel is massively devalued. PPP calculations have to be taken with a grain of salt.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 3 points 1 year ago (1 child)

    The rubel is massively devalued

    The ruble's exchange rate is on the level of 2020-2021: 0,011 euro to the ruble. Shows how much you know.

    Also, most of the military production is internal... so the exchange rate of the ruble is meaningless to determine relative military strength, which is precisely why a PPP conversion is needed.

  • source
  • parent
  • hideshow 1 child comment