The Kremlin admits the Russian economy is in trouble: "The economy is experiencing a serious blow, but it is strong and the country has an attempt to overcome crises," Kremlin spokesman Dmitry Peskov confirmed yesterday (Wednesday) at a news conference.
Peskov noted that Moscow needs to formulate a "sharp, calculated and clear response to the measures taken by Western countries to undermine the Russian economy."
On the order signed by Putin yesterday, which from today prohibits the export of foreign currency from Russia in amounts of more than $ 10,000, Peskov said: "There are hostile figures who are trying to worsen the situation.
We have taken unprecedented steps that will make it possible to reduce the consequences of sanctions.
In these circumstances, it is necessary to act in a calculated and clear manner. "
The economic situation in Russia is getting worse day by day as the fighting continues, and even the Russian oligarchs have begun to condemn the "civil war."
Many businessmen, not even those considered tycoons but wealthy, are now trying to save their capital and get it out of Russia - each in its own way: Jews with Jewish roots are finding out how to transfer their money to Israel.
According to Bloomberg, more and more luxury yachts of Russian tycoons are sailing these days around the Maldives and the Seychelles.
According to the report, the four largest currently in the Maldives are Russian-owned.
The giant of them, "Ocean Victory", belongs to the steel tycoon Victor Rashnikov.
Peak low: 110 rubles per dollar
On the seventh day of the war, the price of oil soared by 7.5%, after traders began to boycott Russian oil - even without sanctions being imposed on the Russian energy sector.
Before the outbreak of the war, the Russian currency traded in a very high correlation with the price of oil, but now even the jump in the price of oil fails to confirm the ruble, which is trading at an all-time low - 110 rubles to the dollar.
The collapse of the Russian currency causes double-digit inflation in the country, which is mainly reflected in the rise in the prices of imported products.
However, wage levels in the country have not changed despite inflation, which means that Russian citizens - who have not routinely enjoyed a high standard of living - are now becoming poorer.
At the same time, in recent days more and more global giants are announcing their exit from Russia, despite the economic damages involved in the move.
A few days ago, the British oil giant BP announced that it was leaving Russia after 30 years, as had the Dutch energy company SHELL.
Belarus, too, has begun to suffer severe economic blows.
The EU has decided to impose further restrictions on Russia's neighbor due to its involvement in the invasion of Ukraine - including a ban on imports from Belarus of goods used in the production of tobacco products, minerals, bituminous sealants and gaseous hydrocarbons, potassium chlorine, wood, steel and cement, iron.
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