The cost of this war is peanuts as far as wars go. Ukraine claims 700+ tanks destroyed after 1.5 months of fighting, that's peanuts.
Yeah, you should steal Russian money. It will definitely boost the West's credibility.
That's very low.
The answer will come in time, and it will be based on who is buying oil from them after Europe's done.
Those are vassals, not friends. It's like saying Poland was Russia's friend in the Warsaw Pact.
The US's only real democratic friend is India. Why? 'Cause only India has the ability to say no to the US, like a real friend should, when the US is trying to do stupid sh!t.
790 now. That isn't peanuts. How much does a tank cost? What about APCs and other vehicles, which are in the thousands. Fighter jets - 167. Many $bn being lost daily.
Servicing unpaid debts, same way any bank does it, asset seizure and liquidation. Dollar bonds can't be paid in rubles, the same issue cropped up with Greece many years back, when it wanted to leave the EU. It was told in no uncertain terms that debts in Euros must be paid in Euros, which meant it wouldn't have been able to inflate its way out of debt on its own currency anyway. If Russia had continued taking oil/gas payments in $s, it would have enough to service its debts, but forced payments in rubles as part of its ploy to artificially manipulate its currency. But the fact is, no online retailer is taking rubles at the official exchange rate because they simply aren't worth that in reality, it's more like 160 rubles to a $ online (or was like 20 days ago, probably more now), so Russia trying to pay $X with 80X rubles simply won't fly because no currency exchange or bank will change 83 rubles into $1, except Russian state banks. So basically Putin chose to sell Russia's oil and gas at half price to the EU to artificially stabilise the ruble for the purpose of conning the few saps in Asia it was still trading with.
You don't get my point, the debt figure is irrelevant if you can't pay your day-to-day costs. Russia is not the UK. Check out interest rates in Russia.
The benchmark interest rate in Russia was last recorded at 18 percent. This page provides the latest reported value for - Russia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
tradingeconomics.com
Now the UK.
The benchmark interest rate in the United Kingdom was last recorded at 5 percent. This page provides - United Kingdom Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
tradingeconomics.com
When Russia borrows money it has to pay it back at the shown interest rates, same for the UK. The interest rate in the UK is ~1/25th of the interest rate in Russia, so 20% debt costs Russia the same as 500% debt costs the UK in servicing payments. 20% (approximate for 18% in 2020) of $1.7tr is $340bn, at 20% interest rate, that's $68bn/annum in interest payments. $68bn just to stop the debt from growing, never mind pay it down. For the UK 0.8% of ~$3tr is $24bn. Russia's debt is already almost 3 times as costly as UK debt even without the extra bills he's racking up daily and the actual inevitable shrinkage of Russian GDP.
A friend isn't someone who buys oil from you. I said 30 democracies who are friends and support Russia in Ukraine.
@Picdelamirand-oil,
@Bon Plan,
@Amarante, apparently all EU countries including France are vassal states, see quote above.
@randomradio - I am utterly amazed that you think France's current relationship with the US is the same as Poland's relationship with Russia during the Cold War. Sometimes you really just need to stop talking and give your ar5e a chance.
And yet you can't say no to Russia, when it is doing stupid shit?
This is flexing for brownie points. Its like the guy on the ground is getting beat up while you are threatening the attacker - if you touch anyone on the tenth floor - you ll get it when you know the guy doesnt want to come up/ has no motivation to come up
Russia will not be attacking Finland.
Well it did move some forces up there.
If he tries the same thing there I hope the forces in question know they'll be getting their heads kicked in from above instantly without any negotiation on the matter whatsoever.
t.me
