this post was submitted on 14 Aug 2023
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[–] maporita@unilem.org 47 points 2 years ago (8 children)

Shows that the $60 oil cap is working. The Russian central bank will likely raise interest rates to halt the slide. Unless Russia can boost it's exports or reduce it's imports there are no other options. Putin is unlikely to reduce spending on the war so in the end it is ordinary Russians who will bear the brunt of this.

[–] AnyProgressIsGood@lemmy.world 15 points 2 years ago (7 children)

It's what they choose through inaction

[–] xePBMg9@lemmynsfw.com 16 points 2 years ago

Every population ever had to suffer before they decided revolt is a good idea. When they are dying and have nothing left to loose. That's when stuff happens.

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