LOL sanctions sure are going well aren't they, I saw Russia is running a healthy surplus, and with energy and commodity prices not going down anytime soon, they're going to have a real problem being so cash rich, you don't want the ruble to get too strong that it impacts your export competitiveness
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I have half of my family in Russia. Many services seem to be kind of back to normal, for example Instagram "influencers" are back to using IG for all their products and marketing.
My family member's banks seem to be happily accepting outside payments (they work for big multinational offshore companies, and just received their salaries fine).
In fact they recommended me to get to know some software developers as they are paying higher salaries for those who want to work for Russian companies.
Inflation did hit but so did everywhere I guess. I'll be going to Russia in a couple of months and will have more hands-on info.
How long do EU countries need to keep buying Russian energy?
It looks like the Ruble will continue to increase for the time being. In a few years less likely IMO
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Lawrence Lepard and Luke Gromen have been doing a great job of breaking this down and predicted this in multiple podcast episodes
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