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Comment by CMCDragonkai | Hacker News Reader

How did the world react? Are they moving away from the western financial system? What evidence do you have?

None whatsoever. There are some Russian appologists making the rounds. Fact of the matter is that Russian oil exports are in decline, but the rising oil prices has made up for the difference. This increase is not sustainable. To get back to pre february export levels, Russia has to build a pipeline to China.

> Though Russia’s fossil fuel exports have started to fall somewhat by volume, as more countries and companies shun trading with Moscow, surging prices have more than canceled out the effects of that decline.

Selling less for more of a finite resource seems more substainable.

> Russia has to build a pipeline to China

Russia built an oil pipeline to northern China ten years ago [1], and more recently added a gas pipeline along more or less the same route [2].

So the question is not about building a pipeline but about upgrading an existing pipeline's capacity.

[1] https://en.wikipedia.org/wiki/Eastern_Siberia%E2%80%93Pacifi... [2] https://en.wikipedia.org/wiki/Power_of_Siberia

Look at the USD/RUB, look at the US stock market, and look at the US bond market.

Good luck trying to swap rubles to dollars with that exchange rate. They block foreigners from their stock exchange which prevented the collapse in prices. They blocked people from trading their rubles to usd or eur to prevent the exchange rate from soaring. Normal people cannot do anything there. So that exchange rate and their stock market is nothing to be proud of or point to.

That is so unfair! Can’t the west force Russia to stop sanctioning foreigners?

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