As another week brought further military atrocities in Ukraine and more sanctions on Russia, it’s clear that we’re watching the destruction of not just one country, but two.
Russia’s economy will struggle to pay the price of President Vladimir Putin’s invasion. The ruble, however, has been paying the price of his rule for many years.

Over the last couple of weeks, nearly 330 companies, including Apple Inc. and Amazon.com Inc., have begun pulling out of the country as sanctions isolate Russia from the rest of the world (though mostly the West). The most symbolic is McDonald’s, which is closing all 850 of its locations there. Back in 1990, the long lines outside the first to open in Russia were a marker of the end of the Cold War. In 2022, queues for one last “Bolshoi Mak” represent the descent of a new iron curtain.
This week, more sanctions were announced — including the big move by the U.S., U.K. and Australia to ban Russian oil imports. Given the scope of the restrictions, Bloomberg Economics suggests that a severe downturn is on the horizon for the nation. How severe, you ask? The Institute of International Finance predicts that about 20 years of progress could be wiped from Russia’s GDP.
3 responses to “As another week brought further military atrocities in Ukraine and more sanctions on Russia, it’s clear that we’re watching the destruction of not just one country, but two. Russia’s economy will struggle to pay the price of President Vladimir Putin’s invasion. The ruble, however, has been paying the price of his rule for many years.  Over the last couple of weeks, nearly 330 companies, including Apple Inc. and Amazon.com Inc., have begun pulling out of the country as sanctions isolate Russia from the rest of the world (though mostly the West). The most symbolic is McDonald’s, which is closing all 850 of its locations there. Back in 1990, the long lines outside the first to open in Russia were a marker of the end of the Cold War. In 2022, queues for one last “Bolshoi Mak” represent the descent of a new iron curtain. This week, more sanctions were announced — including the big move by the U.S., U.K. and Australia to ban Russian oil imports. Given the scope of the restrictions, Bloomberg Economics suggests that a severe downturn is on the horizon for the nation. How severe, you ask? The Institute of International Finance predicts that about 20 years of progress could be wiped from Russia’s GDP.”
This will affect all of us.
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Reblogged this on War and Peace: 'Fighting the war to <strong>win the peace.' and commented:
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“One cannot always tell what it is that keeps us shut in, confines us, seems to bury us, but still one feels certain barriers, certain gates, certain walls. is all this imagination, fantasy? ….”
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Hi I
Thanks for the follow (+ the ‘likes'(s)
Happy blogging/writing and all the best with your blog
craig
https://craigsbooks.wordpress.com/2022/01/13/and-as-imagination-bodies-forth-the-forms-of-things-unknown-the-poets-pen/
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“It always seems impossible…
until it gets done!”
– Nelson Mandela
http://www.mandelamadiba.wordpress.com
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You CAN…if you THINK you can
“Put your fears behind you and your dreams in front of you…always.”
Best wishes from the First City to see the light
https://inspiringvideo.files.wordpress.com/2021/01/brilliantlight111312121-1-2-3-1-1-1-1-1-1.jpg
PPS
Don’t worry about the world ending today
it’s already tomorrow in scenic and tranquil ‘little’ New Zealand
https://resources.stuff.co.nz/content/dam/images/4/y/r/n/6/a/image.related.StuffLandscapeSixteenByNine.1420×800.228ba8.png/content/dam/images/4/y/r/n/6/a/image.related.StuffLandscapeSixteenByNine.1420×800.228ba8.png/1616873002911.jpg
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Bonjour, Merci beaucoup de nous suivre. Compliquer ce qui se passe actuellement entre les deux pays
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