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?
If Russia takes Ukraine, Ukrainian industrial base will be used to expand Russian military might and facilitate further wars of aggression and killing of more people.
It is not that different scenario from the one that happened in 1938-9 with Hitler and rump Czechoslovakia. Czech armament industry and Czech weapons were a welcome boost to the capabilities of Nazi Germany.
That's what you get for appeasement. A stronger and bolder enemy.