Replies to post #196930 on DD Support Board and Research Team

[BullNBear52]

Biden made a point of saying that the sanctions won't be an overnight solution, but eventually they will.

The Russian stock market remains closed as of today and the ruble is worth less than a penny.

Lines are forming at Russian ATMs and Mastercard and Visa has suspended all credit card transactions for their Russian issuing banks.

The European countries who were hesitant to kick the Russian banks out of Swift went forward with it over the weekend. And as Biden mentioned they initially declined.

As for sanctions working ask Iran. Their economy dropped 30% after they were sanctioned and remains so.