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What's the benefit of having a strong Ruble in this situation. I am pretty sure Putin and his team already have thought about the different scenarios - it's not
by nikolay 5y ago
What's the benefit of having a strong Ruble in this situation. I am pretty sure Putin and his team already have thought about the different scenarios - it's not like this was something spontaneous!
- capsicumspray 5y agoNot necessarily a strong Ruble - but a steady Ruble . A rapidly decreasing exchange rate in this case has a similar effect to a high inflation rate. The buying power of savings (especially imports) is rapidly dwindling which makes people feel poorer and worried their live savings from hard work will be worth less. "I am pretty sure Putin and his team already have thought about the different scenarios". After Kudrin left, there is little evidence of a coherent economic policy from Russia. There is little evidence that Putin even remotely considered the economic impact of this ill advised adventure.
- nikolay 5y agoI think the West is making a terrible mistake by giving enough evidence that countries should escape its control. SWIFT is ridiculously archaic and the most expensive email system in existence.