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Re: Russia has invaded Ukraine
Also bear in mind that Russia has a smaller GDP than Italy, France, Germany, and the U.K., and a smaller per capita GDP than most of the each individual European counties - it can’t afford for this war to keep running, and it’s used most of it’s military equipment reserves, and is having difficulty replenishing them due to sanctions.
Inflation is at 10%, the base rate is at 21%, with company bankruptcies up 26% on the previous year - lowering the Russian Government’s tax revenues.
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