Russians who want to convert their rapidly devaluing rubles, as Joe Biden was quick to point out today... {tweet} ... into dollars or any foreign currency, are stuck for at least the next six months In a statement on Tuesday, the Bank of Russia banned banks from selling cash currency to citizens who do not already have FX accounts for period of 6 months starting March 9, effectively ending ruble convertibility until September 9. It's unclear if the ban means there effectively won't be a RUB FX market until September, but it may also be a hint that the current crisis will be over by then, one way or another. {tweet} ... (full story)