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Did bankrupcy ever stopped a war?

In the latest tragic episode of the Impending Collapse of the Russian Economy, Russia's credit account surplus for Q1 2022 was the highest in history, double year-on-year. And, according to Bloomberg, it should earn 36% more money from energy exports this year than last year. It turns out that what happens when you impose sanctions that wind up increasing energy prices, energy exporters earn more money from selling to countries that aren't involved in the sanctions! While at the same time, the people who did the sanctioning have to pay more money, while having accomplished nothing. How can this be?!?!?!?

Now, a crazy person wearing a tin-foil hat might notice that the countries that are most urging the EU countries into adopting the harshest possible sanctions, despite them doing nothing significant to Russia, are in fact the U.S. and UK, countries that are a) much less vulnerable to the negative effects of rising energy and other prices and b) competitors of the EU. In fact, the second one has a long history of trying to undermine stability on the Continent as one of its primary foreign-policy goals. But that would be crazy talk.
 
Meanwhile, in the real world, inflation in Russia is booming - 16,7 % in March and still climbing, 17,5 % last week - while it's already starting to default on its obligations. Bad thing when Russia's industry is so hopelessly obsolete it can't build anywhere near what it needs. I guess the citizens will need to keep pillaging their own military vehicles and planes from the French electronics in them to sell on the black market.

Russia's annual inflation rate accelerated sharply to 16.7 percent in March of 2022, from 9.15 percent in the previous month, slightly below market forecasts of 16.9 percent. It was the highest reading since March of 2015, amid a sharp depreciation of the rouble as a consequence of Russia's invasion of Ukraine and economic sanctions imposed against the nation. Upward pressure came from prices of food (17.99 percent vs 11.46 percent in February), namely fruits and vegetables (34.83 percent vs 16.05 percent); non-food products (20.34 percent vs 8.96 percent) and services (9.94 percent vs 6.10 percent). On a monthly basis, prices jumped 7.61 percent, the steepest increase since 1999, below market expectations of a 7.8 percent rise.


Oh, well. That's what happens when an undeveloped country deludes itself into thinking it's more than a big open-sky mine for the advanced economies.
 
Meanwhile, in the real world, inflation in Russia is booming - 16,7 % in March and still climbing, 17,5 % last week - while it's already starting to default on its obligations. Bad thing when Russia's industry is so hopelessly obsolete it can't build anywhere near what it needs. I guess the citizens will need to keep pillaging their own military vehicles and planes from the French electronics in them to sell on the black market.



Oh, well. That's what happens when an undeveloped country deludes itself into thinking it's more than a big open-sky mine for the advanced economies.
Meanwhile after Nokia and Ericsson, Huawei also left the Russian market, which gonna be fun when the various mobile providers, or internet providers will run out of spare parts for their devices. They might find a way to circumvent the restrictions, but that takes time, and there isn't a guarantee, that another round of sanctions won't negate that, or that they can supply enough hardware to replace everything broken, and from another vendors.

Reportedly Nokia leaving also means that the FSB's internet surveillance systems are left without the provider, so if anything major breaks, they'll left without that capability. Nevermind, that back during the first week, the ISPs already bitched about only having about 3 month of disk storage left to retain all the user activity data required by law, unless someone can ship in a bunch of now embargoed disks and SANs. Ooops ...

And now with the state railways in technical bankruptcy, we'll find out how many of their safety systems depend on foreign components, and how fast those failing will result in degraded transport capacity of the rail networks. Which is quite bad when the country's internal transport network relies on rails. Sounds like further inflation pressure will pop up in any region that won't be important enough ...
 
According to expert evaluations, roughly 200 000 people left Russia since the beginning of the war among the middle and upper-middle classes, with 70 000 to 100 000 from the tech sector expected to follow suit in the month of April, often towards Israel. To this one must add the 700 000+ people who died of Covid. Sure sounds like a good economic foundation.
 
According to expert evaluations, roughly 200 000 people left Russia since the beginning of the war among the middle and upper-middle classes, with 70 000 to 100 000 from the tech sector expected to follow suit in the month of April, often towards Israel. To this one must add the 700 000+ people who died of Covid. Sure sounds like a good economic foundation.
You rang?

Software( and good chunk of hardware ) people have been leaving on droves. Not in the article, but grapevine at work have stuff like Nokia and it's ilk basically offered anyone working for them in Russia, and wanting out of the country a free ride with family, with accommodation and keeping their job at a new place too.

Huawei is also looking to find a way out for it's techies:

And as a sign of a strong and stable economy, Russia is now offering oil to friendly countries at "any price range" ....
 
Software( and good chunk of hardware ) people have been leaving on droves. Not in the article, but grapevine at work have stuff like Nokia and it's ilk basically offered anyone working for them in Russia, and wanting out of the country a free ride with family, with accommodation and keeping their job at a new place too.
Looks like all competent people are running out while they still can, so the only people left in Russia are the ones like Alcibiades.
 
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