Western sanctions on Russia over the Ukraine conflict have not had any meaningful impact on their economy.
Russia says it achieved 3.5% economic growth in first quarter of 2022
Resource extraction and passenger transport drove the Russian economy. While growth is below 5% in fourth quarter 2021, official statistics do not show a major sanctions-induced collapse
— Samuel Ramani (@SamRamani2) May 18, 2022
The ruble has strengthened because they are now requiring ruble payments for gas and buyers are agreeing to the terms.
The Russian ruble surges to a seven-year high after natural gas buyers bend to Putin's will and pay in the local currency https://t.co/xlGrAKL6hn
— Bloomberg Markets (@markets) May 20, 2022
NEW: About half of Gazprom clients opened ruble accounts: Russiahttps://t.co/HIx7cL63ZG
— Insider Paper (@TheInsiderPaper) May 19, 2022
The Russian ruble has eclipsed 31 major currencies in growth since the start of 2022, becoming the globe’s best-performing currency, Bloomberg reports.
US sanctions against Russia seem to hurt everyone else but not Russia. Makes the strategists at the Pentagon look like idiots.
— Kim Dotcom (@KimDotcom) May 12, 2022
Democrats are coping hard claiming that Russia losing McDonald’s is a major loss to the economy.
BREAKING NEWS: In a huge loss for Putin and the Russian economy, McDonald's announces that it is pulling out of Russia in order to punish The Kremlin for its illegal invasion of Ukraine. RT TO THANK MCDONALD’S FOR STANDING WITH UKRAINE!
— Occupy Democrats (@OccupyDemocrats) May 16, 2022
Somehow I think Russia will survive without these unhealthy American food products.
Outside of people who deliberately choose to deny reality, Western economies have suffered much more damage because of these stupid sanctions.
Just look at the price of gas and diesel in America along with the out of control inflation.
