RE: Russia28 Feb 2022 10:20
@happyinvester100
I agree on all your points wiht the excepiton that the Russian people will rally round to support Putin.
Putins popularity and support as been on the wane for a quite a while - he has now taken action to attack the literal family of Russians in Ukraine.
I think this will end by Russia taking action against Putin - whether thats via the special tea, outing his illness, a coup etc who knows.
Oligarchs are already coming out and making noises about peaceful resolution - not only because of the impact to the ruble but also because a number of key Russians have become global citizens and all the fun and choice that that entails - they can see that disappearing over the horizon for themselves and their children.
The standard Russian citizen has also been used to having more choice and being considered part of something bigger than Russia.
There's no point having tons of a low value currency if you can't leave the country or import your nice things. I don't believe anyone in Russia with the excepiton of Putin, wants to be a global pariah.