re: NYT: Biden and allies frustrated about lack of impact of sanctions on Russia

quote:

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President Biden boasted in March that sanctions were “crushing the Russian economy” and that “the ruble is reduced to rubble.” But Russian oil revenues have set records as crude prices surge. And after plunging in February, the ruble hit a seven-year high against the dollar this week.

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Somehow a bunch of us knew this would happen but the braintrust in DC knew better and they were wrong like almost every single freaking time they make a forecast.