Russia in panic as US sanctions trigger ruble collapse – DW – 11/28/2024
www.dw.com
Russia's currency has fallen sharply as US sanctions bite, putting further pressure on the country's already strained financial system.

Summary

Russia’s ruble has plunged to its lowest level since March 2022 following new U.S. sanctions on Gazprombank, a key platform for energy payments.

The ruble’s slide, driven by sanctions, falling oil prices, and soaring defense spending, has intensified inflation and strained the war economy.

While the Kremlin benefits from a weaker ruble by converting foreign revenues into more domestic currency, experts warn of overheating risks and financial instability.

The Russian central bank is scrambling for solutions, but long-term economic pressures and declining oil revenues pose significant challenges.

  • Flying SquidMEnglish
    4•2 days ago

    Unless they’re done in order to sacrifice captives to the gods like they did in pre-Colombian Mesoamerica. That was because they legitimately thought they had to do it to keep the universe working. That’s also why their wars were usually about attacking to wound rather than attacking to kill. Just as many people died, but they died in sacrifice rather than on the battlefield.

    Oddly enough, the interpretation of the glyph the Mayans had for a war as we would think of it- one of conquest- is “star war.” Blame Dr. Linda Schele for that one.

    • @[email protected]English
      5•2 days ago

      also in pre-Colombian Mesoamerica, furher north, they switched the mode of war from combat to a ball game when the casualty count was around 100. so, in case you’re wondering how we (and yes, i mean the whole imperialist sphere) can find a meaningful, certainly still highly corruptable purpose for UEFA and FIFA.