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A comment on Putin signs law to seize funds of officials that exceed declared income by $100. Parent comment

Re:Putin signs law to seize funds of officials that exceed d... by ChuckNorris89 on Sunday March 06, 2022 @01:50PM (#30579974)
Why wouldn't they matter? Don't Russian citizens and businesses need stuff like computing, cars, planes, dental drills and imaging equipment to live and be productive?

As another argument, the RUB prices of MacBooks and iPhones shot up +50% the day after the sanctions were implemented. The second hand market and scalping of these goods also exploded in Russia.

And when you run out of dental drill bits, how will that not matter when you visit your dentist? Do you want him to work with a chisel and a hammer?

The average Russian will be hit hard from these sanctions as time goes on.

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Re:Putin signs law to seize funds of officials that exceed d... by JumpCrisscross on Sunday March 06, 2022 @02:34PM (#30580411)
> Why wouldn't they matter?

I think the comment meant that it doesn't matter to domestic inflation because sanctioned goods can't be purchased. The latter part of which is true. The former, not--supply shocks can cause inflation as easily as money printing.

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