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Chapter 364 of Russian Snark entitled "Adding insult to injury in NATOland"

Posted by SueC <iframe src='https://members5.boardhost.com/xxxxx/info/user=SueC' width='330' height='300' border=0 style='border:none;'> on March 17, 2023, 1:06 am

The Kremlin has thoughtfully provided an update on how western sanctions are affecting the country - so cut off are Russian financial institutions from those of the West that the sanctions have effectively insulated and thus protected Russia from the growing banking crisis. Sort of adds insult to injury in NATOland.

Re: Chapter 364 of Russian Snark entitled "Adding insult to injury in NATOland"

Posted by Tomski <iframe src='https://members5.boardhost.com/xxxxx/info/user=TomskiD' width='330' height='300' border=0 style='border:none;'> on March 17, 2023, 12:03 pm, in reply to "Chapter 364 of Russian Snark entitled "Adding insult to injury in NATOland""

Mercouris talked about the effect that it may have on Russian economy here:

https://members5.boardhost.com/xxxxx/msg/1679000685.html

He seems to think that although the RF economy is relatively insulated now it still may have some limited effect, but nothing as severe as the NATOstan countries. It all depends on what happens with Credit Suisse and if the Swiss Central Bank manages to contain it (I think it was a $56 billion hole). Watch this space ..

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