I think I can say that the ruble is in free fall
this post was submitted on 27 Nov 2024
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I'm not sure what you mean "downstream", and I doubt there will be any global impact from Russian stagflation. Globally Russia is not a very important economy, and they're already heavily sanctioned.
Ironically, if Putin had chosen cooperation with the west in 1991 instead of confrontation, Russia would have been the leading economy in Europe now, and Russia could have been as important to Europe as Germany!
But the Moron Putin chose to burn it all the fuck down. Because apparently being #1 in Europe wasn't good enough!?!?
Downstream, global in the cotext of the russian economy. Things like bank failures, significant drawdowns from reserved. Etc.
OK if the banks fail too, it will be a VERY quick and hard crash. I must admit I have no idea how the banks are doing.