When the war started it was seizure-this and sanction-that. I’ve read that $350B in Russian assets were seized and held, while major companies exited the Russian market, the ruble crashed, and inflation rocketed.
Meanwhile the cost of the Russian war must be astronomical to maintain, imports/exports have halted with Europe, there’s no financial aid to Russia (that I’m aware of) and multi-billion dollar resource supplies were cancelled.
All this, and Russia seems to still be having a good old time. Russians are on holidays en mass, the country is buying up arms and fossil fuels like its church Sunday, and their war machine still powers away and is prepared to keep fighting for a decade if it has to.
How? How does a country take that much of a financial beating and still be thriving? Where is the point of being broke and not being able to fund a war anymore?
I meant that these things aren’t as noticeable from outside of the country. Like, foreign news outlets probably won’t report on it much. Plus, eggs are more of an exception because of sudden shortage and prices rising rapidly. For most of the other goods the price grows more gradually and isn’t as obvious. Like in that metaphor about slowly boiling a frog.
Another problem that is noticeable from inside the country (at least by those affected by it) is that certain medications are vanishing from the pharmacies because they are no longer imported and they were never produced locally, or the local production is insufficient to meet the needs. I don’t know the full list, but the stock of ADHD meds is definitely low, and I’ve heard from friends that they had to switch to a different antidepressant due to shortages.