Continues:
This has had a terminal effect on the value of the Rouble. Nobody in Russia borrows money at 20% when they can borrow it in Yuan at 6%. The rouble is barely trading anywhere - nobody wants it except ordinary Russians - and only because they’re made to use it.
Russia cannot compete with the EU/ NATO even excluding America. It’s in dire economic trouble, bouncing along the bottom of the proverbial barrel to do what it’s doing.
2024 will see Ukraine on the defensive and it will lose territory. But come 2025 Russia will have passed the point it can win, as the weight of long dormant Euro-NATO economies start to produce more and more faster and faster, feeding Ukraine what it needs to permanently and conclusively turn the tide.
Slava Ukraini 🇺🇦!