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HomerOJSimpson
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Comments by "HomerOJSimpson" (@Homer-OJ-Simpson) on "Why Russia’s Currency is Declining" video.
"Economies can keep going for a while if you implement enough measures to adjust to them. Russia had a very large reserve from oil revenue and can therefore continue for quite some time. " It costs them economically though but yes, it can avoid utter destruction of the economy if they keep adjusting which usually comes at more cost to the economy. In the long run, it's very damaging and the longer the war goes on, the significantly worse situation Russia will be in. But there is certainly no doubt they will be able to adjust in the short term.
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Reserves were used to prop up the ruble for a while which was being funded by the high prices of gas in early and mid 2022. Price of gas dropped meaning they can't replenish as much of the reserves which means reserves are now declining to the point where they can't use as much of it to prop up the ruble. Not really surprising when you consider all the factors.
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@trashtrashisfree Yes, that's why Russia has a time limit for the war. It could be 2 years or 5 years but I can't imagine they can go beyond that before the economy collapses. Ukraine has a similar concern, but it's regards to getting continued support.
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@peterebel7899 *Special military adaption
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@Spartan_777 Europe cut down on Russian oil a long time ago.
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