Last edited Thu Aug 22, 2024, 06:15 PM - Edit history (1)

But The Economist says that Russia is getting around the sanctions and making enough on oil to keep their economy afloat, but the potential collapse of the Ruble is what they see as the sudden disaster that could bring their economy to a halt.
They have compared it to a wage earner suddenly finding out that their wages are going to be cut in half — that is what could happen in a matter of weeks to the value of the Ruble on world markets.

from countries enforcing the sanctions.

In the past week Joe also discussed enforcing sanctions on the black fleet ships transporting oil. If the fleet is disrupted or if the price of oil falls below the $60 per barrel cap, then it's possible that the reserve fund could be depleted by the end of next year. However, with the price of oil hovering around $75 a barrel it will require decades before the assets in the reserve fund are depleted.