Putin’s invasion of Ukraine has not only been a strategic failure but a catastrophe for the Russian people.
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Sorry, having trained Ivan’s for three years in Moscow, my friends there report no such thing. Ruble increases steadily, all social programs, ie pensions increasing, inflation down, yes down from highs, and most( not all) celebrating the take down of US hedgemony, and most importantly huge national sentiment…keep reading western MSM, you are going to wake up with one heck of a hangover!
I forgot an unmentioned fact- the rise of Chinese banks in Russia, the Industrial and Commercial Bank of China Ltd to name one, and many others have opened 600 branches in Russia, offering anywhere from 9-14 percent interest.
Yuan and Ruble fully convertible. A lot of happy Ivans. They are savers, always have been, until the US banks hit the Russian markets ( now gone) they rarely took any financing and saved for purchases.
It seems all is well in the Russian banks, the bankrupted West never did like savers.