The ruble just hit a 7-year high against the dollar (although that is mostly, I’ll admit it, mainly because the dollar is doing very poorly). But still, inflation in Russia is, at the most, not high. The effects may not be that noticeable on the ground, but when multiplied to a geopolitical scale, there is an effect.
The ruble just hit a 7-year high against the dollar (although that is mostly, I’ll admit it, mainly because the dollar is doing very poorly). But still, inflation in Russia is, at the most, not high. The effects may not be that noticeable on the ground, but when multiplied to a geopolitical scale, there is an effect.
I dread to imagine what heavy inflation feels like in that case. Thanks!