Putin will soon be renaming the country The People's Democratic Republic of Russia.
I see shell have been merrily buying Russian crude oil https://www.bbc.co.uk/news/business-60638255
Hideous company, appalling links to hunan rights abuses in Nigeria (allegedly), so no surprises really.
I really think this time is different. The US just impose further sanctions on Russia’s oligarchs and is seriously considering stopping the import of Russia’s oil. Putin predicted some of these sanctions would happen and tried to prepare for it, but he never phantom the extent of the punishment and how private companies would be pulling out of Russia. Unfortunately there is going to be a catastrophe for Russia’s economy because there is no much the central bank can do once it runs out of money, especially since Putin doesn’t longer has access to his raining funds that were frozen by the West. The central bank is already experiencing an increasing liquidity shortage. This war has been extremely expensive for Putin too and he is running out of cash. This time the sanctions have been tough, they are working and they are crippling Russia’s economy, and they must continue until Putin stops this war, or until he is eliminated. And hopefully this happens before he eliminates all of us, not just Ukrainians.That will be horrible, but I am not sure how much of that is going to happen. Russia and China appear to be cooperating to a considerable degree and although I am sure there will be some pain for millions of Russians (which they will be told is the West's fault) I worry that these sanctions may not be as effective in changing policy as we need them to be.
I really think this time is different. The US just impose further sanctions on Russia’s oligarchs and is seriously considering stopping the import of Russia’s oil. Putin predicted some of these sanctions would happen and tried to prepare for it, but he never phantom the extent of the punishment and how private companies would be pulling out of Russia. Unfortunately there is going to be a catastrophe for Russia’s economy because there is no much the central bank can do once it runs out of money, especially since Putin doesn’t longer has access to his raining funds that were frozen by the West. The central bank is already experiencing an increasing liquidity shortage. This war has been extremely expensive for Putin too and he is running out of cash. This time the sanctions have been tough, they are working and they are crippling Russia’s economy, and they must continue until Putin stops this war, or until he is eliminated. And hopefully this happens before he eliminates all of us, not just Ukrainians.
I’m increasingly of the belief that this time is different mainly because the central bank must have access to foreign currency reserves in order to keep the economy from free falling but the sanctions are preventing access. Russia’s stock market has been closed for a week and even some index operators consider Russian stocks uninvestable. The ruble has also fallen to such lower levels that it is not even worth a US penny. Numerous foreign businesses have closed their operations in Russia and major fund managers have frozen billions in assets.Sadly, I am increasingly of the belief that there isn't going to be a catastrophe for Russia's economy (at least on the scale that would be required), and that our dependence on oil and gas (of whatever sort) is going to mean it will be us who winds our necks in. I hope and pray I am wrong.
Meanwhile, back in Cesspit City :
The news is suggesting that Putin passing a law to seize funds from Russian officials bank accounts if they were not declared.
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More than 4,300 detained at anti-war protests in Russia (Update 4)
Police detained more than 4,300 people on Sunday at Russia-wide protests against President Vladimir Putin’s invasion of Ukraine, according to an independent protest monitoring group. Thousands of protesters chanted “No to war!” and “Shame on you!”, according to videos posted on social media by...cyprus-mail.com
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