> Are we saying the exchange value of the ruble is being propped up by Russians who have dollar- or euro-denominated accounts purchasing rubles to run to the store to get eggs? That seems absurd.

Except they passed a law that made ordinary Russians to convert their currency holdings to at least 80% RUB

Here's a source that mentions "exporters", but recently they extended this to cover absolutely everyone. https://edition.cnn.com/2022/03/09/business/ruble-russia-cen...