Part 2/9:
Emergency intervention by the central bank might provide a momentary reprieve, but the long-term consequences of flooding the economy with printed money or drastically adjusting interest rates can be detrimental. As ordinary Russians face rampant inflation, significantly devalued currency, and growing taxes, they find themselves in a scenario where the promised economic stability and growth feel like a distant reality. The economic narrative propagated by authorities—of resilience and adaptability in the face of sanctions—now seems but a thin veil, giving way to the harsh realities faced by the average citizen.