Quote:
Originally Posted by k0nr4d
The average citizen does not get any of those oil dollars, though
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Right.. Russia only exports natural resources primarily. These people win all day long. Their costs are in a free fall and they sell products for Dollars and Euros and are killing it. All of the small, medium and large business people that need to import clothes, foods, electronics, appliances etc etc etc are fucked. Sony doesn't make TVs in Russia. They have to be paid for in Dollars, imported AND then they have to be sold for Rubles, those Rubles converted back to Dollars and the debt paid. That's impossible when Rubles are in a free fall and you buy inventory at 35 rubles to the dollar one day and the exchange rate is 65 to 1 dollar a week later. You can't just double the price of TV's and sell them because peoples salaries in Rubles remain unchanged.