Showing posts with label inflation in Russia. Show all posts
Showing posts with label inflation in Russia. Show all posts

Inflation in Russia for 2022

 Russia's economy after military invasion of Ukraine faced heaviest sanctions of history.

Russia's money and banking paralyzed and inflation in Russia for 2022 hit 200% for a short term.

Capital flight happened and Russian Oligarch left Kremlin Alone. 

Social dissatisfaction started and Kremlin short term solution for controlling the condition was using internet censorship and ordered economy model to control inflation rate and the cap in the markets.

Russia's capital flight and exiting qualified brands and businesses made Moscow to replace the market with Chinese brands for short term, an economic ally with a shared currency to stand against US Dollar that have lots of challenge for the future of Russia's economy.