this post was submitted on 04 Nov 2022
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[โ€“] Shrike502@lemmygrad.ml 1 points 2 years ago (1 children)

their exports to Russia fallen by 52% while imports from Russia risen by 74%

That's kind of what I mean, yes? They're importing quite a lot, presumably in exchange for currency - as suggested by the falling exports. And what happens to said currency? It cannot be spent (due to sanctions and other factors). It just gets stashed away to keep the ruble value artificially low. And then gets burned away or locked out.

Like 3/4th of the world still accepts western money from Russia.