1 point
As much as I would love that, probably they don’t have their fortune in cash savings but most probably put it into diversified investments of some sorts.
2 points
*
I’m guessing both, so they get returns and still have an “oh shit” fund. I doubt it would be good for the oligarchs, at the very least.
Venezuela can do hyperinflation because they have a more ideologically driven elite who will ride out the turbulence. No such luck for Putin; he’s a neofeudal lord and has to keep palms greased like it.
