Russian Ruble Recovers Nearly All Post-Sanctions LossesChris Menahan
Mar. 31, 2022
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The West's extensive sanctions against Russia only managed to keep their currency down for a few weeks.
From The Washington Post, "Despite Western sanctions, Russian ruble and banks are recovering":
Russia's ruble and banking system are showing continued signs of recovery from the initial punch of sanctions, as Moscow relies on energy exports and currency controls to partly protect the nation's economy.Russia became the most sanctioned country in the world after the start of their military operation.
I and others have warned for years that the DC regime was overusing sanctions and all we'd end up with is the end of the US dollar as the world reserve currency.
That process is now accelerating.
US-led sanctions haven't stopped North Korea and they're not going to stop Russia.
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