One wonders what will be left of the Russian economy after this war.The Russian central Bank issued a warning today that it "may not be able to meet its debt obligations on Bonds." If Russia defaults it will be their first since the 1917 revolution. Foreign currency withdrawals over 10,000 banned, Stock market closed, Interest rates doubled. Payments system crippled.
Elvira Nabiullina the Bank's boss, a smart dresser, often wears clothes appropriate to her announcements. Today she was dressed for a funeral - of the Russian economy.
Looks as though Joe Biden has Putin's balls in a vice. Good to have a tough guy in charge eh' ?