It is categorically incorrect to keep referring to the policies as fraudulent. Russian’s enacted capital controls protects the value of the ruble internally. H

It is categorically incorrect to keep referring to the policies as fraudulent. Russian’s enacted capital controls protects the value of the ruble internally. Had they not enacted capital controls and the central bank not intervened, the Russian people’s existing ruble would depreciate much faster. These are protective measures against the effects of sanctions, with real positive benefits domestically that regular Russians enjoy. It’s not fraudulent because domestic Russians mostly benefits from the propped up currency. Without it, domestic economics would plummet and regular Russians would face harsh economic outcomes. The central bank works hard to prevent that outcome.