Ruble gains are short-term. Putin had forced all Dollar accounts to be converted into Ruble. Personal accounts 80% to Ruble.
Russia is spending 20 billion a day on war. Its economy is much smaller.
(Russia was the eleventh largest economy in the world in 2020, with its gross domestic product measured at 1.46 trillion U.S. dollars. In the global ranking by nominal GDP, Russia was positioned between the Republic of Korea and Brazil. May 18, 2021).
With these sanctions, it will be unable to sustain itself.
Imagine a Congress full of Marjorie Taylor Greenes:
__________________________________________________________
Rep. Marjorie Taylor Greene
@RepMTG
·
34m
The
@washingtonpost
and the rest of the media are obsessed with another country while America faces crisis after crisis created by Joe Biden and the Democrats.
Why don’t they care about the invasion at our border, skyrocketing inflation, and a shortage of baby formula?
https://twitter.com/i/status/1524848529994399760
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