Who said Russia economy was going to immediately implode given the amount of money they've made from the EU for 20 years? You do know Putin has been selling their gold reserve recently to fund his unprovoked invasion of Ukraine. They posted record export revenue in the 1st half due to very high oil and NG price with the EU hoarding NG from Russia to allow them a smooth transition but despite this they report a GDP drop of 2.2% for the year, what does that tell you about their 2nd half? Now compound that for years and decades and them selling oil and NG at massive discount price when these commodities are no longer high![]()
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