Economic blowback for Russia's Ukraine invasion

 CNBC:

Russian ruble plunges nearly 30% against the dollar amid sanctions over Ukraine invasion

Russia's stock market is closed and interest rates in Russia are now at 20%.  Apparently, Russians are making a run on ATMs to get cash.  


The cold war against Russia is beginning to have an impact on the people.  Whether it will have an impact on Putin is uncertain.

See, also:

Texas governor asks retailers to remove Russian products

Russian Vodka is likely to take a big hit. 

Comments

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

29 % of companies say they are unlikely to keep insurance after Obamacare