Yaakov C Lui-Hyden
1 min readJul 3, 2022

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Have you even spoken to a Russian before publishing this? Fortunately I have since I work for a Russian company and Russian is the language of my household. The entire Russian “strength” (which is still about half as strong as it was prior to the invasion of Crimea) is completely artificial. You really can’t get dollars in Russia, if you have dollars in your account (as most Russians did) you are being charged 1% a month for the bank to hold them and the Rouble rate is set withdrawing them is both hard, limits the amount, and the exchange rate is unfavorable. I mean it’s akin to talking about Russian stock market strength when foreigners aren’t permitted to sell their holdings either. The Russian economy has no strength, it is being crushed with valuable IT workers fleeing ( my country received 46000 Russians in just one month) and industry after industry shutting down or curtailing production. I mean, they are making cars now without ABS or airbags that can’t be driven outside of Russia. Russia is a poor country, with a GDP the same as Italy or Australia but with a large population and crazy defence spending for its size. So much of the Russian Narod is impoverished but they were poor before the war so, for them, not much changes. Still, inflation is more than double the west. Real Russians understand the economic cost of this war, why can’t you?

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Yaakov C Lui-Hyden
Yaakov C Lui-Hyden

Written by Yaakov C Lui-Hyden

Yaakov is a world traveller and is accused of being an Australian. Published several novels. He writes about travel, writing, geopolitics and trading.

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