Russia’s move could ‘change dynamics in Russia’, analyst says
Chris Weafer, Macro advisory CEO, said that Russia’s move could pose a risk for President Putin’s domestic consensus.
Russia’s move could ‘change dynamics in Russia’, analyst says
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“What Putin has done is not just risky in terms of geopolitics and in terms of western reaction, but it is also in terms of domestic politics,” he said, pointing out that a growing active part of the population will not easily accept the consequences for them that will now come from Russia’s invasion.

“We are already seeing a weak ruble at the early opening this morning that will have consequences in terms of inflation and lifestyle,” Weafer said, adding that sanctions could impact people’s ability to use bank cards, to withdraw money form ATM and to travel.

“All of these are potential consequences and if that happens there will be a domestic public reaction. Not immediately, but it will start to change dynamics in Russia,” he said.

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