• maporita@unilem.org
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    1 year ago

    Shows that the $60 oil cap is working. The Russian central bank will likely raise interest rates to halt the slide. Unless Russia can boost it’s exports or reduce it’s imports there are no other options. Putin is unlikely to reduce spending on the war so in the end it is ordinary Russians who will bear the brunt of this.

    • whats_a_refoogee@sh.itjust.works
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      1 year ago

      Ordinary Russians either support the war or have no qualms with it. Maybe if it starts affecting their day to day life, some of them will change their stance.