Russia and Ukraine

[Leonardo17]

The evolution of the Ruble

Last 10 years:




Last 2 years:


Note that it crashed when the war started, then "recovered" for a while and is now at lower value than before they invaded Ukraine.

And the story is similar when compared to the Yuan

Russia’s military spending is currently hiding the contraction of the economy. Everyone seems to agree that economic sanctions have clearly started to have visible impact now.
 
My concern is increasingly shifting toward China. There seems to be a division of opinions on the issue of Taiwan. On one hand the island is a flourishing democracy since 1990, and the 20 million or so population does not want anything to do with the Gerontocracy of mainland China. On the other hand, The Island is still culturally Chinese. So just like the issue of Ukraine, it’s about politics but it’s also about cultural identity.
 
So the French president Macron has attracted a lot of criticism because of his discourse that is found to be too China friendly. On the other hand, many view it as a good-cop / bad-cop attitude toward China in order to make them put pressure on Russia to finally end this meaningless war in Ukraine.
 
Here is the full article, I think it’s interesting:
 
https://www.yahoo.com/news/macron-ready-...19901.html