In fact, Russia might be the only European economy to have growth at this point.

My understanding of the ruble slump is that it is due primarily to the need to acquire foreign currency, particularly factoring in conditions of sanctions. I’d imagine this is mostly a short term worry ? I have lots of questions about how valuations of currencies like this will change as they rely less on USD trade going forward.

Also curious, I know we have some Russia based users on the board, has the devaluation impacted local economy and workers in particular in substantial ways ? Or is it just more media hype