Russian banks went down en masse, the spread of foreign currencies was larger than the official numbers, and people were queuing outside the banks to withdraw money.
Of course, the Russian narrative is that this will hurt the west more than it will hurt Russia...
https://www.bestchange.com/sberbank-to-tether-trc20.html
There was drop of like 5-10%, but that's nothing special. You can still go and buy as much USDT as you want for reasonable price. And this is what majority of normal people use to move money out of country.
PS: I am obviously anti-Putin dude, but at this point sanctions make very little difference short term. Giving more weapons to Ukraine is the only way to stop Russia.
Correct. Long term, the effects of a materially-high real interest rate, capital controls and the demographic and technological degradation of sanctions and the war directly are starting to show their teeth.
Sanctions won’t stop this war. But they’ll facilitate degrading Russia so it is in no position to launch the next. (Weapons will stop this war.)
"Weapons will stop this war"? How? What's the end game? When it started the people believed it would be over in 3 days. Now all of a sudden people believe ukraine can destroy russia? How many more ukranian and russian soldiers must die?
This war will not be stopped by weapons. Just like any other. But if it was, i can't see a defeated russia, but a destroyed world.
Or what is the end-game here with the weapons? What do you think is a feasible outcome here?
You don't stop a bully by saying "please". They'll take your money and come back for more after.
In this case, Russians are taking your land, men, woman, children, culture and washing machines + the gas found in 2013 nearby crimea and the minerals in the most resource dense land of Ukraine ( lithium, ... ).
Here you go:
https://www.renewablematter.eu/en/ukraine-all-lithium-reserv...
https://www.reuters.com/article/idUSBRE90N11X/
If only in 2014 the international response would have been harder ( => provide weapons), Putin wouldn't have escalated 8 years later.
Providing more to Ukraine is long overdue.
> the west only cares about this to weaken russia. Weapons will only cost more lives.
Speak for yourselve. Some of my dearest friends these days are from Ukraine. ( Belgium)
While Europe is providing shelter and a life for 6 million refugees.