Saturday 19 August 2023

Economics will win the war in the Ukraine

Rubble going down

Russia’s central bank to hold extraordinary meeting after rouble falls to 16-month low

Bank will discuss interest rate after high spending on war in Ukraine and drop in export revenues put further pressure on Russia’s economy

The Rusian rouble has fallen below the psychologically important 150 roubles to the dollar.  Issues no further worst for biochemistry in the world.  The Ukrainian war is causing there haemorrhaging of Russian money.

As Margaret Thatcher declared, you can't lie to the markets!  The oil restrictions are planet having any effect on the Russian economy.  What he is the war meant to acheive?

The USSR dead.  You can't invade the neighbouring countries, and try to rebuild it. 

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