The reality is that Russians are not actually affected by this because pretty much nobody in Russia holds western currencies, and the domestic economy is largely self sufficient. The only context this matters in is trade, and Russia is a major exporter, which means that domestic revenue for the government goes up when rouble is weak. Hence why rouble gets intentionally depressed pretty much every years, and people always get really excited about it.

[–] Gloomy@mander.xyz 1 points 3 weeks ago (1 children)

Most, as you put it, "experts" point to inflation as a consequence, but I know shit about economics and don't know the mechanism behind it.

https://www.newsweek.com/what-does-rubles-sharp-fall-mean-russias-economy-1992933

[–] yogthos@lemmy.ml 2 points 3 weeks ago

They just state inflation would be an outcome without actually explaining how that would happen. It's pretty clear these people are just parroting things without understanding them.