Ukraine and European leaders agreed on Saturday to an unconditional 30-day ceasefire from 12 May with the backing of US president Donald Trump, threatening president Vladimir Putin with new “massive” sanctions if he failed to comply.
The announcement was made by the leaders of Britain, France, Germany, Poland and Ukraine after a meeting in Kyiv, during which they held a phone call with Trump.
Tried and succeeded, it crippled the currency and caused massive issues with their exports. There is a lot of talk about how they survived sanctions but the fact is they were barely holding it together for awhile there and its only Trumps return that has given them hope.
This is exactly what I want to see from Europe right now.
eh. it fluctuated.
It’s being held up artificially right now through unsustainable means. The Russian economy is massively under pressure pushing it towards a downwards spiral and got problems sourcing material, which is what those sanctions intended.
Absolutely Trump has been good for Russia.
But that figure is under strict control from crippling interest rates to foreign currency barriers, mandates to hold the currency for foreign companies and a lockdown preventing capital outflow.
Their economy is suffering massively, from labour shortages to brain drain. The war is keeping them going at this point.
I love when people downvote but dont say anything back because they are either poorly informed, on the losing side or both.