> Does it interact with the borrow checker somehow?
Nope. The borrow checker cares about the control flow graph, expression vs statement doesn't matter.
> why does Rust make the expression/statement distinction?
I am not 100% sure. If I had to guess, older Rust was much less expression oriented, and then, over time, got moreso.
But also, I think it kinda just makes sense in general for the kind of language Rust is. Like, in Ruby, where everything truly is an expression, importing a file and then evaluating it has side effects. Whereas in Rust, 95% of statements are declarations, and of those 95%, the only ones you really use in a normal execution context are let statements. The rest are stuff like "declaring functions" and "declaring structs" and those don't really get evaluated in a language like Rust.
let being a statement is nice because it means it can only happen at the "top level" of a block, and not say, inside a loop condition.
> Like, in Ruby, where everything truly is an expression, importing a file and then evaluating it has side effects.
In the context of ML, I think it's a more useful baseline. So declarations are still declarations, but e.g. ; is just a sequential evaluation operator.
> let being a statement is nice because it means it can only happen at the "top level" of a block, and not say, inside a loop condition.
I would argue that it's actually a downside - it means that a loop condition cannot have common subexpressions (that nevertheless need to be evaluated on every iteration) factored out.