329
submitted 7 months ago* (last edited 7 months ago) by Art3sian@lemmy.world to c/nostupidquestions@lemmy.world

When the war started it was seizure-this and sanction-that. I’ve read that $350B in Russian assets were seized and held, while major companies exited the Russian market, the ruble crashed, and inflation rocketed.

Meanwhile the cost of the Russian war must be astronomical to maintain, imports/exports have halted with Europe, there’s no financial aid to Russia (that I’m aware of) and multi-billion dollar resource supplies were cancelled.

All this, and Russia seems to still be having a good old time. Russians are on holidays en mass, the country is buying up arms and fossil fuels like its church Sunday, and their war machine still powers away and is prepared to keep fighting for a decade if it has to.

How? How does a country take that much of a financial beating and still be thriving? Where is the point of being broke and not being able to fund a war anymore?

(page 2) 32 comments
sorted by: hot top controversial new old
[-] OpenStars@startrek.website 1 points 7 months ago

In addition to stockpiling, do not underestimate the oil thing. In another few years Germany would have become independent on needing oil from them, hence their time to strike was NOW (well, you know, back then I mean).

As it was, Russia extorted people like old grandma and grandpas in northern Germany when they hiked the prices so high they consigned them to just die in the dead of winter unless they paid their life savings or the German government stepped in, handing the cash to Russia in order to keep those old folks alive.

They knew what they were doing - they are greedy and murderous but not all THAT dumb. Plus Russia takes from neighboring states too, especially their citizenry to send to the front lines - every little bit helps!? It also "helps" that they don't mind consigning their own citizens to die if it would save enough money for the oligarchs to justify the loss of those workers - they are not like how we ~~are~~ used to be. But don't worry, dead or not, I'm sure that their "votes" will still be counted, when it comes time to reelect Putin!

[-] labbbb@thelemmy.club -5 points 7 months ago* (last edited 7 months ago)

I can only say from the point of view of sanctions why.

Yes, many normal companies have left RuSSia (unlike, for example, Nestle, Kellogg's, Mondelez, German Storck, Perfetti Van Melle, Ferrero, P&G and Colgate, which make their products in China, lol), yes, sanctions will put more and more pressure on the RuSSian "economy" over time...

BUT, the sanctions, in my opinion, are “soft” compared to those that the United States, Europe and their partners have imposed on North Korea, Syria and Iran.

I am sure that no one (if we talk about consumer goods at least) from European or American companies can EVEN trade in such third world countries as Iran (with their terrorist government), Syria or North Korea (the last two are also terrorist states). That is, I think, even Nestle, which is hated throughout Reddit, cannot legally trade there, but if you look, every “dirty” and unethical transnational corporation trades with/sells their goods in RuSSia.

[-] labbbb@thelemmy.club -5 points 7 months ago

The neo-Nazi Pootin believed in RuSSian power so much that he ordered the mafia from the Central Bank of the country to once again artificially “freeze” the ruble from falling so that the RuSSian economy would not collapse, HA. Unfortunately, it was a joke.

load more comments
view more: ‹ prev next ›
this post was submitted on 17 Jan 2024
329 points (98.2% liked)

No Stupid Questions

35256 readers
1068 users here now

No such thing. Ask away!

!nostupidquestions is a community dedicated to being helpful and answering each others' questions on various topics.

The rules for posting and commenting, besides the rules defined here for lemmy.world, are as follows:

Rules (interactive)


Rule 1- All posts must be legitimate questions. All post titles must include a question.

All posts must be legitimate questions, and all post titles must include a question. Questions that are joke or trolling questions, memes, song lyrics as title, etc. are not allowed here. See Rule 6 for all exceptions.



Rule 2- Your question subject cannot be illegal or NSFW material.

Your question subject cannot be illegal or NSFW material. You will be warned first, banned second.



Rule 3- Do not seek mental, medical and professional help here.

Do not seek mental, medical and professional help here. Breaking this rule will not get you or your post removed, but it will put you at risk, and possibly in danger.



Rule 4- No self promotion or upvote-farming of any kind.

That's it.



Rule 5- No baiting or sealioning or promoting an agenda.

Questions which, instead of being of an innocuous nature, are specifically intended (based on reports and in the opinion of our crack moderation team) to bait users into ideological wars on charged political topics will be removed and the authors warned - or banned - depending on severity.



Rule 6- Regarding META posts and joke questions.

Provided it is about the community itself, you may post non-question posts using the [META] tag on your post title.

On fridays, you are allowed to post meme and troll questions, on the condition that it's in text format only, and conforms with our other rules. These posts MUST include the [NSQ Friday] tag in their title.

If you post a serious question on friday and are looking only for legitimate answers, then please include the [Serious] tag on your post. Irrelevant replies will then be removed by moderators.



Rule 7- You can't intentionally annoy, mock, or harass other members.

If you intentionally annoy, mock, harass, or discriminate against any individual member, you will be removed.

Likewise, if you are a member, sympathiser or a resemblant of a movement that is known to largely hate, mock, discriminate against, and/or want to take lives of a group of people, and you were provably vocal about your hate, then you will be banned on sight.



Rule 8- All comments should try to stay relevant to their parent content.



Rule 9- Reposts from other platforms are not allowed.

Let everyone have their own content.



Rule 10- Majority of bots aren't allowed to participate here.



Credits

Our breathtaking icon was bestowed upon us by @Cevilia!

The greatest banner of all time: by @TheOneWithTheHair!

founded 1 year ago
MODERATORS