alt Hacker News> haven't harmed Russia all that much
Ruble is below a single penny.
Interest rates are at 21%, highest since 2003.
Inflation is out of control.
Not really all that rosy.
Replies
chii • 11/21/2024
none of those things prevent russia from waging war.
All of it are merely suffering that the russian citizens suffer, but canwithstand. Russia does not import food, does not need to import fuel, and can import most consumer goods from china and bypass western sanctions.
Therefore, russia's gov't can allocate most of their internal resources for war production.
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In Feb 2022, just before the war started, the Rubble was worth $0.012. Now it's $0.0099. That's a 17% value drop in almost 3 years. It's true, the inflation is high, but nowhere near out of control.
Also, the discussion was about the effect of the sanctions. But the inflation is going up not because of that, but because of the huge amount of Russian government money that's flowing to the military and to the weapon industry.