GoatSoup
Well-Known Member
Uh Oh did Vladimer shit the bed?
Russians 'totally devastated' after Putin flushed their economy 'down the toilet in five days': report
According to a report from the Washington Post, Vladimir Putin has upset and enraged the citizens of his own country with his invasion of Ukraine, which has led to devastating sanctions that are crushing the Russian economy in a way that may take decades to recover.
"Banks and insurance companies worldwide are cutting transactions with Russian counterparts," she wrote. "Computer chip manufacturers, shipping companies and a host of exporters are halting deliveries to Russia to comply with sanctions. Western nations are closing their skies and ports to Russian planes and vessels. European retailers are shuttering shops in Russia, and some oil traders are declining to buy Russian crude."
According to Konstantin Sonin, a Russian economist at the University of Chicago, Putin has only himself to blame.
"The shock is causing tumult at all levels of the Russian economy, from the largest companies to small- and medium-size businesses. Now Russian entrepreneurs with trading partners and bank accounts overseas worry that their assets will be frozen," the Post is reporting with Sonin adding "...the upper-middle-class entrepreneurs and professionals who will be 'totally devastated by this' number in the millions."
“People cry while talking to each other. … Nobody actually knows what is going to happen,” lamented the economist.
Looks like it sucks to be Russian.
Russians 'totally devastated' after Putin flushed their economy 'down the toilet in five days': report
According to a report from the Washington Post, Vladimir Putin has upset and enraged the citizens of his own country with his invasion of Ukraine, which has led to devastating sanctions that are crushing the Russian economy in a way that may take decades to recover.
"Banks and insurance companies worldwide are cutting transactions with Russian counterparts," she wrote. "Computer chip manufacturers, shipping companies and a host of exporters are halting deliveries to Russia to comply with sanctions. Western nations are closing their skies and ports to Russian planes and vessels. European retailers are shuttering shops in Russia, and some oil traders are declining to buy Russian crude."
According to Konstantin Sonin, a Russian economist at the University of Chicago, Putin has only himself to blame.
"The shock is causing tumult at all levels of the Russian economy, from the largest companies to small- and medium-size businesses. Now Russian entrepreneurs with trading partners and bank accounts overseas worry that their assets will be frozen," the Post is reporting with Sonin adding "...the upper-middle-class entrepreneurs and professionals who will be 'totally devastated by this' number in the millions."
“People cry while talking to each other. … Nobody actually knows what is going to happen,” lamented the economist.
Looks like it sucks to be Russian.
