>60% of global GDP is not a small fraction. As for countering sanctions, no one ...

		bigodbiel on April 23, 2022 \| parent \| context \| favorite \| on: Ask HN: Why did the ruble stabilize and what's goi... >60% of global GDP is not a small fraction. As for countering sanctions, no one doubts the cat and mouse chase, but the Kremlin will be forced to funnel these to its weapons industry undermining economic and social development, akin to North Korea mid/long term.

60% is a lot, but it may not be enough to be existential here