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We'll see how that goes when their oil exports drop from 7.8M to 4.3M - and their natural gas exports decline similarly. That's ~15% of the economy. Russia it
by onlyrealcuzzo 4y ago
We'll see how that goes when their oil exports drop from 7.8M to 4.3M - and their natural gas exports decline similarly.
That's ~15% of the economy.
Russia itself is predicting that the unemployment rate will double to 9%. That's about the highest unemployment has gone in Western countries at the absolute peak of recessions.
The idea that the Russian economy is doing well or better than pre-war is absurd.
There's more to an economy than the value of your currency which governments and central banks have a lot of power to easily manipulate.