CBS, however, that Russia’s import markets are crumbling at the seams. “Apart from soaring export revenues, we have a collapse in Russian imports owing to Western sanctions,” Orlova noted during an interview with CBS Money Watch. Max Hess, a fellow at the Foreign Policy Research Institute, told CNBC that Russia is still earning record profits. Hess said:
That exchange rate you see for the ruble is there because Russia is earning record current account surpluses in foreign exchange. Although Russia may be selling slightly less to the West right now, as the West moves to cutting off [reliance on Russia], they are still selling a ton at all-time high oil and gas prices. So this is bringing in a big current account surplus.
Service Providers Refuse to Update ATMs in Russia, Biden Says Americans Will Have to Pay High Gas Prices ‘as Long as It Takes’ to Stop Putin’s Ukraine Invasion Meanwhile, the U.S. and various Western corporations are doing everything they can to stifle the Russian economy. Just recently, the country’s central bank introduced the new 100-ruble banknote but automated teller machines arewith the new bill. Western sanctions have pushed ATM companies like NCR and Diebold Nixdorf to exit Russia. Allegedly, ATM service providers are refusing to update the ATMs and the machines reject the new banknotes.
On June 30, American president Joe Biden was asked at a NATO summit press conference how long American drivers will have to pay high gas prices at the pump. Biden said that it will take “as long as it takes” to stop Putin’s Ukraine invasion. “As long as it takes, so Russia cannot, in fact, defeat Ukraine and move beyond Ukraine,” Biden
Russia has experienced economic sanctions many times. No one falls twice in the same place. They establish trade relations with many other countries that are not dominated by the United States, they have reserves in many markets. And most of all, they are prepared and proactive.
Y'all know what that means....! Putin likely stands before the choice; negotiate now or take all Russians along his fun North Korea XL -ride. Airlines alone will have 10 years to rebuy and operate.
Uraa putin
RR*
The best PRESIDENT
Yea, they should of just assassinated him but it seems God is ahead of this world and Putin will be done in less than 3 years with that medical condition he is trying so hard to hide. Bye, bitch 👋
Putin knows very well that this process is not over.