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To: navysealdad
Long term, Russia has cut it's own throat.

The central bank raised interest rates to 20%, forced Russian exporters to convert 80% of their foreign exchange revenues into rubles, and limited the amount of money Russians can withdraw from foreign-currency accounts to $10,000. All of this, as well as Putin’s demand that countries pay for natural gas with rubles, was designed to create false demand for the ruble and control the domestic market. The one problem with all of this, of course, is that at some point it has to come to an end.

While Russia is surviving, the long-term outlook for the Russian economy is dire. The extreme measures that have been put in place to counter sanctions are not long-term solutions, and if the illusion of stability in the ruble eventually collapses, the economy will too. The country also has to deal with its inability to access the technology and goods necessary to maintain key industries. Other realities such as ‘brain drain’, caused by international isolation, and the eventual reduction in demand for its oil and gas exports will only further diminish its economic strength. Russia has survived sanctions better than almost any other country could, but the struggle is far from over for Moscow.

https://oilprice.com/Energy/Energy-General/Why-Russias-Economy-Hasnt-Collapsed-Under-The-Weight-Of-Sanctions.html

23 posted on 05/20/2022 9:16:37 AM PDT by BiglyCommentary
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To: BiglyCommentary

The Soviet fanboys here cheer every tiny headline from any source.


25 posted on 05/20/2022 9:25:08 AM PDT by datura (Eventually, the Lord and the Truth will win.)
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