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Russian Economic Analyst Drinks to Death of Stock Market on Live TV, Says He May Have to Get Job as Santa

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One Russian financial expert is reacting to the crushing blow of sanctions against his country’s economy with gallows humor.

Alexander Butmanov gave his assessment of economic prospects in Russia during a Thursday television segment on Russia’s RBC channel.

The economist mourned the figurative death of the Russian stock market with a drink live on air.

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“Excluding jokes, let’s do this quickly,” Butmanov said in a blunt assessment. “I send regards to Sergei Usychenko, who drank 12, 13 years ago to the death of the stock market.”

“Today, I’m drinking carbonated water,” said Butmanov. “Dear stock market, you were close to us, you were interesting, rest in peace dear comrade.”

Describing the state of the Russian economy as a worst-case scenario, Butmanov even suggested he’d return to “work as Santa Claus, as I did 25 years ago.”

Would you toast to this?

A stunned RBC host stared on in disbelief before responding.

“I’m not going to comment on that stunt, because I don’t want to believe it.”

The Moscow Exchange has been closed for five days in the aftermath of Russia’s invasion of Ukraine.

It’s thought the extended closure of the exchange is only warding off the inevitable tanking the market is expected to undergo as soon as it reopens.

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Western sanctions have already devastated the Russian economy, with the value of the ruble cratering to all-time lows, according to Reuters.

More than 141 countries have voted to condemn Russia’s invasion in a United Nations resolution.

The largest economies in the western world have announced that they intend to boot “selected banks” from the Society for Worldwide Interbank Financial Telecommunication network, known as SWIFT.

Putin’s actions now jeopardize the livelihood of everyday Russian citizens, in addition to the lives of Ukrainian victims of his imperialist war.

This article appeared originally on The Western Journal.

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