> While the sanctions might form a bit of a blip in the Ruble, it's not going to affect most people's lives particularly dramatically, it may just slow the economy down in largely imperceptible ways to the general population
Every Russian economist I'm reading is in mourning (you can see it in their faces) and is promising a severe commodity deficiency and high prices on consumer goods in the near future.
I think they expect something like the beginning of the 90s, but even more severe, close to zero outside help, and low chances for recovery.
All of my Russian friends have been in panic since the 24th. I am too, honestly, I have already lost 25% of my income (which was not very high even before) for not doing anything wrong and just being close to Russia.
(I support Ukraine and the Western response, but we'll be collateral damage nevertheless.)
Every Russian economist I'm reading is in mourning (you can see it in their faces) and is promising a severe commodity deficiency and high prices on consumer goods in the near future.
I think they expect something like the beginning of the 90s, but even more severe, close to zero outside help, and low chances for recovery.
All of my Russian friends have been in panic since the 24th. I am too, honestly, I have already lost 25% of my income (which was not very high even before) for not doing anything wrong and just being close to Russia.
(I support Ukraine and the Western response, but we'll be collateral damage nevertheless.)