President Vladimir Putin’s economic adviser rebuked the central bank on Monday as the rouble slid past 101 per U.S. dollar, blaming its 30% year-to-date slump on loose monetary policy and revealing growing discord among Russia’s monetary authorities.
I remember when the sanctions had already failed, that the decoupling was complete, Russias financial services sector would bolster it, etc etc
Just like Brexit! Wait a minute…
Nothing at all to do with the war or sanctions? Clowns.
Only 25%? The pound dumped to nearly a dollar earlier this year. It’s not just them, all money has been acting up lately. They’re lucky not to have it worse given that they’ve destroyed Russia’s long term economics with this war (not to mention centuries of harsh extractive economics and a long historical trend of resisting modernization)
