Chris Menahan
InformationLiberation
The Russian ruble, which Biden said two months ago had been “reduced to rubble,” is the world’s top performing currency of 2022.
“As a result of our unprecedented sanctions, the ruble was almost immediately reduced to rubble,” Biden said on March 26. “The Russian economy is on track to be cut in half. It was ranked the 11th biggest economy in the world before this invasion — and soon, it will not even rank among the top 20.”
As a result of our unprecedented sanctions, the ruble was almost immediately reduced to rubble.
The Russian economy is on track to be cut in half.
It was ranked the 11th biggest economy in the world before this invasion — and soon, it will not even rank among the top 20.
— President Biden (@POTUS) March 26, 2022
On Thursday, Bloomberg News reported the ruble has surpassed Brazil’s real to become “the world’s best performing currency this year.”
Russian Ruble is World’s Best Currency This Yearhttps://t.co/kmkZzZBfnf
— First Squawk (@FirstSquawk) May 12, 2022