This aged quite well. Look at where the “official” exchange rate is now with the USD. (Although I’d argue the yuan is much more important).
What concerns me is the assumption for this analysis is data is coming out of the CBR and the Ministry of Finance. We don’t know how good, or bad, things are for Russia’s ability to wage war.
If there’s one thing that’s almost always true: Russia is lying someway, somehow.
This aged quite well. Look at where the “official” exchange rate is now with the USD. (Although I’d argue the yuan is much more important).
What concerns me is the assumption for this analysis is data is coming out of the CBR and the Ministry of Finance. We don’t know how good, or bad, things are for Russia’s ability to wage war.
If there’s one thing that’s almost always true: Russia is lying someway, somehow.