On the fifth day of the Russian invasion of Ukraine, one of many unanswered questions is why Russia has launched a military campaign at huge cost with maximalist objectives, and then declined to use the vast majority of its fixed wing combat aircraft.
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It ceases to exist. With no capital investment companies can’t grow, people have nowhere to invest savings (see the mega-housing bubble in China, as a result of that), and the currency backing it becomes meaningless.
Here, they are just delaying because the open would see a free fall. Judging by the performance of listings for Russian companies on the London exchange, they’d be trading at penny stock levels now.