The Russian economy, which has shown remarkable resilience through more than two years of war and sanctions, is suddenly beginning to show serious strain. Russia’s currency, the ruble, has plummeted and inflation is soaring. President Vladimir Putin told the nation last week there was no reason to panic. The trigger for the change in the economic situation was the Biden administration’s decision to impose sanctions on the Russian bank Gazprombank. The bank is the last major Russian bank that was spared sanctions and is used by the Russian government to pay soldiers and process trade transactions. The U.S. government also added more than 50 other financial institutions to its sanctions list. Gazprombank had previously been exempt from sanctions to allow European countries to pay for energy supplies from Russia. The bank was a vital conduit for hard currency flowing in in exchange for Russian exports. The ruble hit its lowest level against the dollar in two years and eight months late last week, according to LSEG data. This is the lowest level since shortly after Russia invaded Ukraine. Russian government officials and analysts say the new sanctions could cripple already strained Russian trade routes. This is a crucial moment in the war with Ukraine, soon to be three years old. Russia is advancing along the front line with the help of North Korean soldiers and Iranian-made weapons. US President-elect Donald Trump has promised a quick end to the war, and it is unclear what current and future sanctions against Russia will be. Russian government…
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As a result of the special military operation, the number of NATO member states increases. 50 trillion yen in foreign assets are frozen and Boshut. The value of the ruble falls. Interest rates exceed 20%. Gazprom’s first deficit. The collapse of the Assad regime has put the bases built at a cost of 10 trillion yen into disrepair. Strange price controls have caused a butter shortage and the people are dissatisfied. This country is hopeless.
Economic losses, losses of weapons and soldiers. Russia is seriously in a terminal state. Zelensky is making weak statements about a ceasefire proposal, but that’s a no-go. Try to keep it going for another year. You can seriously win.
>>42 Ukraine’s aboveground pipeline contract with the EU has been terminated and their sources of income are rapidly decreasing. They have nothing to sell so they’re in a worse situation than Russia. Ukraine is now in a situation similar to African refugees who are surviving only on aid from other countries, but are we really going to tell Ukraine to continue fighting for another year? You should go to the battlefield.
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