Interest rate is already back to 14%[1]. Russian economy recovered super fast. Ruble is already stronger than before war (around 64 RUB for USD). Basically sanctions are a joke made for Biden to shout once before American public attention shifts to Amber Heard trial or some other spectacle of the day.
[1] https://www.reuters.com/business/finance/russian-central-ban...
Re:McDonald’s to Exit from Russia
by TAKEMYMONEY on Monday May 16, 2022 @02:14PM
(#31401301)
If you read your article you'll learn they are cutting the interest rate back because of sanctions (to mitigate the effects), and inflation is still soaring. 20% is not sustainable, analysts have seen this coming as Russia tries to avoid a recession, in fact the drop by 300 bps was larger than predicted.
Re:McDonald’s to Exit from Russia
by KptMarchewa on Monday May 16, 2022 @02:48PM
(#31401717)
>Ruble is already stronger than before war
This is completely irrelevant if you can't sell it for USD.
>The Bank of Russia more than doubled the benchmark interest rate to 20%, a 19-year high, on Feb. 28 and also imposed capital controls, including a ban on foreigners’ selling of securities. Nabiullina said decisions to suspend some regulatory requirements amounted to a capital boost for banks equivalent to 900 billion rubles ($8.7 billion). Putin banned all Russian residents from transferring foreign currency abroad, hardening capital controls.