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Really? I thought that there is no more Russian economy at all, after Obama "totally ruined" it ten years ago.
thehorde asset management strategist who said the fundamentals require a central bank interest rate of 30-40% to stabilize the collapse of the ruble precipitated in part by US sanctions against Gazprombank.The current rate is 21%.
It's unfortunate that this has happened....pensioners are going to literally starve or freeze to death.
Where I get that this is necessary....I don't like the human cost to this. I wish the oligarchs cared about any of this....they are the ones keeping Putin in power.
It's unfortunate that this has happened....pensioners are going to literally starve or freeze to death.
Where I get that this is necessary....I don't like the human cost to this. I wish the oligarchs cared about any of this....they are the ones keeping Putin in power.
SOUNDS LIKE 1917 /1991? Moscow empire only has two things to sell. Oil and military equipment. The world found out that Moscow military equipment is junk, and now the EU is cutting 50% Moscow (stolen Siberian) oil imports. Moscow horde is fucked...Global economics are such that American energy production is suplanting Russian exports, while their consumption volume has always been too small for anyone to notice.
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When over a third of their economy is war and military equipment....you can't stop fighting in Ukraine. And if you do then you have to have a different target for war.
Being a dictator with half the male population unemployed but armed doesn't work out very well for the dictator.

Reminds me of the putinAnother complete collapse. Unfortunately. Meaning more organized crime like the 90's. Fewer men this time. More foreigners. Number one Russian export is going to be Russian women and Russian weapons.
China might invade if Russia had anything that China wanted. There ain't much. Azerbaijan might invade too...taking what they want.