Russia 'preparing to blockade Ukraine' & Ukrainian forces continue to advance
Ukraine: The Latest
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The Russian Economy Is in a Tough Spot
Putin was remarkably well prepared for the war I mean he planned it and he built up these enormous cash reserves tens and tens of billions of dollars. Then the energy crisis came along and that put a firecracker under Russia's export revenues oil and gas revenues surged by 144 percent year on year in Russia last year. Now we are starting to see these signs of weakness and the war is taking a toll. The rubles lost about 39 percent of its value against the dollar so far this year and 47 percent against the euro.
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