VorZakone
What would Kenny G do?
- Joined
- May 9, 2013
- Messages
- 36,407
I dont see Ukranian defence lasting too long. Russia's force seem overwhelming.
I hope this is bullshit.
As much as I'm on Ukraine's side, any NATO intervention would surely risk a global catastrophe.
I don't know why people think any sanctions would be spared against Russia. Clearly maximum sanctions will be implemented against Russia, the real question is how much it will actually hurt them. Russia has been learning from the sanctions in 2014 and preparing for further sanctions ever since, and they have taken many measures to diminish their effect, a few examples mentioned in the article below. Additionally, Russia sold almost all of their stockpile in the US treasury bonds in the last few years (which was around $150 billion in 2013) to avoid having them frozen or taken by the US at any point (like they did with Afghanistan). And on top of all that, alienating China in the last couple of years will definitely weaken these sanctions considerably.Putin is very likely to go all the way to Kyiv to replace the government. It does look like dark times are ahead for Ukraine. What matters from now on is sanctions. Disconnecting the aggresor from swift, using the money from oligarchs accounts in Europe to provide arms to the Ukranian government will hopefully make the war too costly for Putin to continue. Unfortunately, these sanctions won't happen and Putin is very likely to get away with this.
Russia has spent years preparing for this moment.
In 2014, when Russian troops moved into Crimea, annexing part of Ukraine, it provoked a first round of international sanctions. And that taught Moscow an important lesson.
Since then it's been setting up defences, moving away from relying on the dollar, and trying to sanction-proof the Russian economy.
President Putin may be betting that he can withstand sanctions for longer than the West assumes.
International reserves
By January this year, the government's international reserves, in foreign exchange and gold, were at record levels - worth more than $630bn (£464bn).
That is the fourth highest amount of such reserves in the world - and it could be used to help prop up Russia's currency, the rouble, for some considerable time.
Notably only about 16% of Russia's foreign exchange is now actually held in dollars, down from 40% five years ago. About 13% is now held in Chinese renminbi.
All of this is designed to protect Russia as much as possible from American-led sanctions.
'Fortress Russia'
There have also been other changes in the structure of the Russian economy.
Over time it has reduced its reliance on foreign loans and investments, and has been actively seeking new trade opportunities away from Western markets.
China is a big part of that strategy.
The government in Moscow has also taken initial steps to create its own system of international payments, in case it gets cut off from Swift - a global financial messaging service which is overseen by the major Western central banks.
And it has been cutting the size of its budget - prioritising stability over growth.
That has meant the Russian economy has grown at an average of less than 1% a year over the past decade. But it may have become more self-reliant in the process.
"What Russia is doing - in effect - is building almost an alternative financial system so that it can withstand some of the shocks of sanctions that the West might impose," says Dr Rebecca Harding, chief executive of Coriolis Technologies.
"But there will be some short-term pain in all of this, and the vulnerabilities in the Russian system are that they have a web spread very thinly across the globe."
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I dont see Ukranian defence lasting too long. Russia's force seem overwhelming.
I guarantee nothing significant will happen. Maybe a couple of small border skirmishes but not an invasion.
Yeah. My prediction is slowly starting to age like milk...Umm....
No, I don't know the meaning? Is this a saying?Putin is like a professional deer hunter for me ( you know my implicitly meaning).
Putin is like a professional deer hunter for me ( you know my implicitly meaning).
Will try to be short. Selling their US treasury bonds had a huge negative impact. They tried to keep the money in rubles which has been losing value really fast. Their military industry has suffered a lot under sanctions. Their economy is in much weaker state now compared to in the year 2014. Hit them hard with sanctions and they will crumble. China will not donate money to them. If anything PRC will try get further advantage by getting resources for lesser prices from Russia.I don't know why people think any sanctions would be spared against Russia. Clearly maximum sanctions will be implemented against Russia, the real question is how much it will actually hurt them. Russia has been learning from the sanctions in 2014 and preparing for further sanctions ever since, and they have taken many measures to diminish their effect, a few examples mentioned in the article below. Additionally, Russia sold almost all of their stockpile in the US treasury bonds in the last few years (which was around $150 billion in 2013) to avoid having them frozen or taken by the US at any point (like they did with Afghanistan). And on top of all that, alienating China in the last couple of years will definitely weaken these sanctions considerably.
Russia's plan to fight back against Western sanctions
https://www.bbc.com/news/business-60480904
Has any other country done this?
I dont see Ukranian defence lasting too long. Russia's force seem overwhelming.
Has any other country done this?
I don't know. I'm not that well versed in domestic Ukrainian demographic perspectives. Though Zelensky apparently has beef with a Tatar-Ukrainian oligarch.@VorZakone @harms what is the position of the Tatars when talking of this conflict?
@VorZakone @harms what is the position of the Tatars when talking of this conflict?
I don't know why I thought other countries had only done it with diplomats or embassy staff or something.Pretty much every country other than France.
Let’s see if west are prepared to just watch Putin slaughter potentially a million of people in Europe (if Ukraine to show strong resistance) because the cost of heating may go up a bit. This might define our civilization in the 21st century.
Cheers broI remember Tatars in Crimea opposing the Russian takeover so I assume they are still of the same mind, especially since the FSB has been locking them up.
https://www.rferl.org/a/crimean-tatars-russia-detentions/31444725.html
Problem is it seems we won't sanction the feck out of Russia.I've asked you this before (I think it was you?)
What else can we possibly do but sanction the feck out of Russia and provide arms to Ukraine?
The reason for not getting involved militarily is not to do with the cost of heating, it's to prevent a thermonuclear armageddon.
I don't know why I thought other countries had only done it with diplomats or embassy staff or something.
So nevermind!
Well west hasn’t really provided any arms to Ukraine that are worth any salt. If it was serious about defending Ukraine we would have seen the arm supplies with aerial capabilities which they badly lack. Germany sent them some helmets ffs…If you consider this as a real support then I don’t know what to say. We’re not giving them even a chance here with our inaction…I've asked you this before (I think it was you?)
What else can we possibly do but sanction the feck out of Russia and provide arms to Ukraine?
The reason for not getting involved militarily is not to do with the cost of heating, it's to prevent a thermonuclear armageddon.
The "support" by the Germans up to the pipeline freeze was nothing short of pathetic.Well west hasn’t really provided any arms to Ukraine that are worth any salt. If it was serious about defending Ukraine we would have seen the arm supplies with aerial capabilities which they badly lack. Germany sent them some helmets ffs…If you consider this as a real support then I don’t know what to say.
Russia replaced the dollar mainly with Gold and Chinese Renminbis, not with Russian Rubles.Will try to be short. Selling their US treasury bonds had a huge negative impact. They tried to keep the money in rubles which has been losing value really fast. Their military industry has suffered a lot under sanctions. Their economy is in much weaker state now compared to in the year 2014. Hit them hard with sanctions and they will crumble. China will not donate money to them. If anything PRC will try get further advantage by getting resources for lesser prices from Russia.
This is true. Germany sending them helmets and colouring the gates in Berlin in blue and yellow will not help Ukraine at all. The Ukraine has been sold and it is shame that it happened under their new democratic regime.Well west hasn’t really provided any arms to Ukraine that are worth any salt. If it was serious about defending Ukraine we would have seen the arm supplies with aerial capabilities which they badly lack. Germany sent them some helmets ffs…If you consider this as a real support then I don’t know what to say.