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RE: Russia Diving Deeper: Plans State Crypto Exchange

in LeoFinance8 months ago

The sanctions hit Russia hard since it lost the best market for its resources - Europe. Delivery costs to China are high, and China buys only on the cheap, realizing that Putin has no alternatives.

ChatGPT:

In 2021, Russia’s total goods exports amounted to $492.3 billion. 2024 - $427.6 billion.

Costs have grown significantly in 2024 compared to 2021.

Russia's profit from exports according to ChatGPT:

2021: $175–180 billion
2024: $95–100 billion

Thus, sanctions have almost halved Russia’s export revenue according to ChatGPT (not the best source but the quickest).