Kaleva notes that EU and US sanctions are now hitting Russia in full force.
“They are immediately weakening the operating conditions of the Russian economy and, due to rising prices, for example, are gradually beginning to hit the daily lives of its citizens. “Sanctions will automatically hit Russian business, including the oligarchs who depend on the sympathy of President Vladimir Putin.”
“However, there is a huge amount of uncertainty involved in both the course of the war and the effectiveness of the sanctions. Russian propaganda seeks to reverse sanctions in support of Putin with the rhetoric that Western hatred is now directed at all Russians. Some Russians are bitten by spray, some are not. ”
“On Monday, it still seemed most likely that, despite sanctions, civil protests and negotiations between Ukraine and Russia, the outcome of the war would be resolved on the battlefield.”
The People of Lapland writes that after the initial stiffness, the West has found unity and been able to agree on sanctions that will hit the Russian economy hard.
“Russia is virtually isolated from the dollar- and euro-based system, and much of the hundreds of billions in the country’s buffer fund abroad will be frozen. In addition, the assets of Russian billionaires, Russian business leaders and their companies abroad are threatened with seizure. ”
“Something about the scale of economic sanctions is that similar pressures have been applied in the past mainly to North Korea, Iran and Venezuela. The Russian financial system is facing a similar downturn and collapse, which will take a long time to recover. ”
“When the bread runs out, the cry usually rises. Before long, this will also be the case in Russia, which has a long history of hunger, where the younger generation has become accustomed not only to the adequacy of bread but also to a more Western lifestyle. ”
Morning paper says that everyday life of ordinary Russians becomes grim due to sanctions.
“Prices are skyrocketing and money is no longer coming from ATMs. People are trying to exchange rubles for other currencies, but with poor results. ”
“The central bank can do little to help the banks because a significant portion of the central bank’s assets have been frozen. The ruble has plummeted. ”
“The Russian middle class may also start thinking about the rationality of current politics as a variety of difficulties begin to emerge in the workplace, and everyday life does not go as before. Holiday trips abroad are also starting to be a thing of the past. ”
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