Long Take: On Ukraine and the economic sanctions of Russia
Gm Fintech Architects —
Today is a difficult topic.
Summary: We look at the Ukranian invasion from the perspective of economic sanctions on Russia, and whether such response can be sufficient reaction to military hard power. In particular, we dive into the impact on the value of the ruble, issues around Russia’s $600B+ in reserves in Western custody, exclusion from SWIFT, and impact on the economy, banking sector, and stock markets. Finally, we consider the role of offshore assets, including cryptocurrency, and then implications for inflation.
Topics: power, macroeconomics, cryptocurrency, CBDC
Tags: Russia, Ukraine, China, Sberbank, Bitcoin, BP, Rosneft
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