The Russian economy (catch all)

[Firn]

@Fuchs: A good entry. So far:

1) Putin should not forgot that turning the valves will stop a large part of the revenues financing his budget and his invasion.

2) In the long run such threads incentives the substitution from other geographical and energy sources.

3) Russia needs Europe a lot more then the other side around.

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P.S: I'm actually no longer sure if freezing the assets of specific Russians around the warmonger is the smartest way for now after looking at the desperate attempts of the Russian Central Bank to reduced the rumbling of the rouble. As written before the already 10 billions, 2-3% of their reserves to dampen the fall and increased the interest rates by 150 points in a weak economy.

Operators of privately run exchange booths in Russia said they were not prepared for the higher demand for the US dollar.

An employee at a small exchange said that her booth, which is open 24 hours a day, ran out of dollars by Sunday morning.

"We were not ready for this, we have not stocked up," she said.

So what are the best ways to help the Russian Central Bank to burn through it's reserves? Promoting capital flight into the € and the $ away from the rouble is certainly one of it.