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?
What is the endgame here? It's not like we started the war? If anything we, the Europeans naively made ourselves Russia-dependent on energy assuming that having a win-win deal with Russia will eliminate any conflicts.
>Now all of a sudden people believe ukraine can destroy russia?
I don't think that anyone claims that this is the goal of Ukraine or the west. This war ends immediately as soon as Russian troops leave Ukraine. Why should it end with Russian troops taking all Ukraine?