Sanctions will bite in the short run . In the long run Russia will fimd alternate means of thriving the economy .
Asia , Middle East and Africa will come in handy.
Europe will lose its competitive edge in the World Economy .
They will lose a Market of 150M population , will have to buy expensive gas/oil where as China will benefit from this.
Nowayhaha, what do you have to say to the following?
The Russian central bank has increased interest rates to 20% from 9.5% after the rouble plunged up to 40% on Monday in the wake of western sanctions.