> Nvidia GPUs, Intel CPUs, MacBooks, Mercedes cars, dental drills, Nikon camera and Airbus plane still cost the same amount in USD
Not that most of those matter because they aren't being sold to Russians now anyway.
Not that most of those matter because they aren't being sold to Russians now anyway.
As another argument, the RUB prices of MacBooks and iPhones shot up +50% the day after the sanctions were implemented. The second hand market and scalping of these goods also exploded in Russia.
And when you run out of dental drill bits, how will that not matter when you visit your dentist? Do you want him to work with a chisel and a hammer?
The average Russian will be hit hard from these sanctions as time goes on.
I think the comment meant that it doesn't matter to domestic inflation because sanctioned goods can't be purchased. The latter part of which is true. The former, not--supply shocks can cause inflation as easily as money printing.
its a gigantic country ya know