Comments by "Reecom98" (@reecom9884) on "New western sanctions are isolating Putin, devastating Russian economy l ABCNL" video.

  1. What’s amazing is that the Swiss banks have also frozen Russian accounts in their banks.
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  2. The reason Putin sits so far away at the end of the table from his old generals and his out of shape bankers is because he can see it in their eyes; “I’ll like to get my hands around his neck, even if it‘s the last thing I do…”
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  3. The Western oil companies are selling their Russian oil assets in the short-term is because they know that the price of oil in the West will go up and hope the solidarity with the boycott of Russian goods will buy them some good PR as the price of gas at the pump goes up and people start complaining against the oil companies; they‘ll just blame the Russians, and rightly so.
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  4. The longer the Russian military stays in Ukraine, the worst it will get for the Russian economy. Putin can sell oil and gas to the West and get hard western currencies, but the West will limit Putin’s purchases to essential commodities required for living and ban non-essential luxurious commodities to his Oligarchs. The once prosperous upper Russian middle-class will have to sell their Rolex watches, Patek Philippe watches, BMW, Porches, and other luxurious high price goods on the Black Market to get hard western currencies. The Chinese businessmen will bribe the Russian border guards as they cross the boarder carry suitcases with hard western currencies looking to make a huge profit on the Russian black market and driving back across the boarder in tracker trailers loaded with used luxurious Western goods.
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  5. The Russian economy is becoming cash (non ruble) only as the world isolates credit to Russia. The price of the falling Russian ruble might reach a knew low, like what happened to the German Mark after World War 1 when Germans used their paper money as wallpaper.
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