While Americans hoarded toilet paper, hand sanitiser and masks, Russians withdrew $13.6 billion in cash from ATMs: Around 1 trillion rubles was taken out of ATMs and bank branches in Russia over past seven weeks...amount totaled more than was withdrawn in whole of 2019.

Wait till they issue the "New Ruble" this fall, and give a terrible exchange rate on the old ones.

In 1998, the ruble was denominated at 1,000 old to 1 new. With a redominination, Putin can reward all of his friends with new rubles and essentially cancel all of the old money held by citizens.

The expensive New York and London apartments will sell in dollars or pounds, so the oligarchs are not hurt.