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.
The rubel is massively devalued. PPP calculations have to be taken with a grain of salt.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.
Right, I was too lazy to check.