London Daily

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Sunday, Aug 07, 2022

Russia could take 10 years to recover from sanctions, says boss of country's largest bank

Russia could take 10 years to recover from sanctions, says boss of country's largest bank

The most severe package of sanctions placed on any country in the modern era could relegate Russia to a lagging economy for years to come.
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Oh ya 50 days ago
Sorry for the truth but the rouble is worth more now than before the sanctions. But yes it will cost Russia something but they have very little out of country debt, they have the natural resources and lots of grains to eat.. Think about this. When you own natural resources you have a product that you can do something with, then the central banks of the world print money out of thin air that have nothing backing the value of those dollars and want to trade you for some of your natural resources, so you get a dollar backed by a bankrupt government. That is not a good trade for natural resources. The EU will find out this winter just what keeps the house warm and fist full of Euros or Russian natural gas
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