03-28-2022, 10:27 AM
Russian stock market has dropped around 30%, it's mainly foreigners who own most of the stocks and they are not allowed to sell at this stage.Inflation is tipped to run at about 20%. Putin has about 700 billion tied up overseas he can't access it.
The Russian central bank won't recognize Crypto and even though Russians own 214 billion in Crypto according to Forbes converting it into rubles would be difficult with sanctions.
Unless China provide the means to launder money or have a change of heart on their attitudes to Crypto I don't see Russia having the means to prevent an economic downturn in all areas.
The Russian central bank won't recognize Crypto and even though Russians own 214 billion in Crypto according to Forbes converting it into rubles would be difficult with sanctions.
Unless China provide the means to launder money or have a change of heart on their attitudes to Crypto I don't see Russia having the means to prevent an economic downturn in all areas.