Post
Topic
Board Economics
Re: Sanctions left and right, Can the Russian economy survive?
by
Fortify
on 27/03/2022, 12:20:00 UTC
With the Russian invasion of Ukraine, almost all sectors & big businesses in Russia have been hit with huge Sanctions against them both from the United States, the United Kingdom and other internationally related bodies. Sanctions have hit the Russian central bank, other small russian banks, big business and companies in Russia from airlines to manufacturing have been affected as well and many assets private and government owned has been frozen.

-Do you think Russia can survive, and how can they survive the harsh economic realities that they are about to experience? Are the sanctions sufficient to push Putin into a decision to stop the invasion?

Of course they can survive, they will just be in a much poorer position than when they began this useless war. Not only has Putin proved that his army is utterly incompetent and badly managed throughout, he has crippled the Russian economy for many decades to come. Even if the sanctions were slowly removed, his unpredictable nature and rash economic decisions have shown that it is a terrible place for foreign investment. There is money to be made, but there are a lot safer places that can generate equally high returns. The average Russian will become a lot poorer, not only in money but freedom of speech and travel opportunities, while the richest Russians are also going to face a backlash of unprecedented proportions for the poorly thought out attack by their leader.