RE: We need O&G18 Mar 2024 14:32
I dont think this is anything like a true representation of the situation. Russia base rates are 16% no-one knows what the Rouble is valued at because they have isolated Rouble trading from international Forex market. Russia has internal shortages of refined products due partly to Ukrainian actions and also due to sanctions on oil equipment in the west. Russia is also not exporting many weapons now, and while in some cases it may be possible to work around western sanctions, a lot is being done to shield their true economic situation from the outside world which cant go on forever -- people (including Putin) need to remember that the Soviet Union is gone, because when it existed a lot of things were a lot more possible to do, but now they have to be paid for !