The Sanctions Against Russia Are Starting to Work.
Economic penalties gain force over time, and for average Russians, the pain is finally setting in.
https://www.theatlantic.com/ideas/archive/2023/12/russia-economic-sanctions-putin/676253/
Citat:
"Meanwhile, the direct consequences of Putin’s war and fiscal profligacy are becoming ever more evident. The military operation is squandering the Kremlin’s stores of money, supplies, and men. Already about 40 percent of the government budget, defense outlays are set to double next year. With an estimated $300 billion of Russian sovereign funds frozen in the West, the Kremlin has been forced to withdraw $38 billion from the rainy-day National Wealth Fund. That’s one-fifth of the fund and 2 percent of the country’s GDP. How long before Putin starts raising taxes and printing banknotes?"
Economic penalties gain force over time, and for average Russians, the pain is finally setting in.
https://www.theatlantic.com/ideas/archive/2023/12/russia-economic-sanctions-putin/676253/
Citat:
"Meanwhile, the direct consequences of Putin’s war and fiscal profligacy are becoming ever more evident. The military operation is squandering the Kremlin’s stores of money, supplies, and men. Already about 40 percent of the government budget, defense outlays are set to double next year. With an estimated $300 billion of Russian sovereign funds frozen in the West, the Kremlin has been forced to withdraw $38 billion from the rainy-day National Wealth Fund. That’s one-fifth of the fund and 2 percent of the country’s GDP. How long before Putin starts raising taxes and printing banknotes?"
