Yep.
I don’t understand why US citizens seem to care more about the Ukraine than our country.
Sanctions are hurting the west more than Russia.
Oil and gas revenues are up.
The Ruble is up.
Etc.
its madness and its escalating
“Nobody today would buy Russian oil at $120 a barrel. And in fact there are plenty of energy buyers who will not buy Russian oil at any price today, whether because of sanctions or because of reputational risk,” he said. “The Russian economy is losing approximately $200 million dollars a day — or $70 billion on an annual basis — as a direct result of the war.”
What’s more, European nations have vowed to cut their imports of Russian gas by two-thirds this year — a potentially crippling blow given Russia’s dependence on energy exports.
One sign the Russian economy remains under severe pressure is that inflation in Russia is more than double the rate in the U.S. That’s creating pressure for Russians to move their money out of the country, said Frankel of the Harvard Kennedy School.
“The temptation to get assets out of Russia, for Russian citizens to find a way around the controls ... will grow, especially with the inflation rate now as high as it has shot up,” he said.
Another concern for Russia is that the cutoff of imports could lead to industrial shortages, while a drop in foreign investment is expected to drag down the country’s economic growth for years, the Institute of International Finance predicted. The IIF expects Russia’s economy to shrink 15% this year, wiping out more than a decade of economic development.
“Export controls, the ‘brain drain’ of talent out of the country; a European shift away from Russian energy dependence and an exceptionally unfriendly business climate will all weigh on Russia’s growth in the years to come,” Ribakova said.
https://www.cbsnews.com/news/russia-ukraine-ruble-currency-russian-economy-2022/
I’m Albertan and I care about Alberta and America first.
I don’t give a damn that Ukraine poked the bear for years and years and finally got bit, not my rodeo, not my horses.
We have extremely serious issues beyond war, quite frankly what we have going on is worse than war, because at least with a war going on, one can have a clear sense of what needs doing.