Russia escalates the war in Ukraine
Pod Save the World
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Russia's Central Bank Is the Most Impactful Thing
Russia's central bank had 600 forty billion, with a b, in foreign exchanges reserves as of february eighteenth. And now puten can't access that money. In response, we saw the russian central bank move to double interest rates to 20%. So these were like, major economic steps that happened incredibly quickly. The one thing that hasn't been done yet is energy sanctions. That would cement the kind of cut off between the russian economy and at least the indepedent western economies.
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