you ve never had them before. it s clear he didn t expect them to come this way. why do i say that? because he built up that $630 billion rainy day fund. and say the u.s. is coming in from the dollar part of it. question mark if he can get to the gold part of it. eu is doing the same thing on the euro part of it. let s remember, he s been putting this aside since he invaded ukraine the first time in 2014, annexed crimea. so 2015, 16, 17, he really begins digging in deep and stashing away this money. clearly he has in mind this will face sanctions but at the table, prime minister with him, first deputy prime minister, head of the central bank, heads of other banks. he appeared on tv today which, putin s style narrative to the nation, i m not the one at fault. he called the rest of the world an evil empire, an em pire of
$630 billion he s been saving since the last time he invaded ukraine. that rainy day fund isn t accessible to him. the united states is cutting off the dollar part, the e.u. cutting off the euro part, the u.k. cutting off, don t know if he can get his hands on the gold. that s what he would do to keep the country afloat. now that has been taken away from him. the government central bank doubled interest rates to 20% today. the stock exchange was closed today, and it will be closed tomorrow. the ruble tanked down 30%. there is a real fear, and this is when it would really hit the man on the street more. if the stock market opens, the bottom will drop out of the ruble and people here will really be left wondering what their economic future and savings look lake. and that s a problem for putin if that happens. all right. nic robertson in moscow.
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