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?
Russia will not stop at Ukraine. Their publicly stated goal just like they're publicly stated goal for invading Ukraine is The first step to militarily controlling that Gap is called the sulwaki gap
I forgot what the name of the person is, but there is a naval war college professor who explained that Russia is a continental empire and it's the key to its defense are control of seven gaps without those Russia considers themselves indefensible.
Ukraine is the necessary defense line. Because the next thing that happens is Russia invades NATO gets its ass kicked conventionally and then there's a nuclear war
What they want is the gas that was going to be produced in Ukraine in 2013, a year before they invaded. They also took resource rich areas.
The proof for this is easy. Russia clearly stated they have no problem with Finland joining NATO. A border of 1340 km and Finland has one of the strongest army's in Europe.
https://www.politico.eu/article/putin-russia-no-problem-finl...
https://www.reuters.com/world/europe/what-can-finlands-armed...
What he originally wanted to keep, is resource dominance over Europe ( eg. Gas) as leverage.
And that's why a half a million Russians are dead.
Nah, before Finland (and Sweden) joined they issued multiple threats.
Here's what they did when they actually joined: https://www.reuters.com/world/europe/what-can-finlands-armed...
( As mentioned before)
Treating anything Russia says as proof of their intentions is pure ignorance given their long track record of empty threats, lies and flip-flopping.