Ukraine

8208 readers

674 users here now

News and discussion related to Ukraine

*Sympathy for enemy combatants is prohibited.

*No content depicting extreme violence or gore.

*Posts containing combat footage should include [Combat] in title

*Combat videos containing any footage of a visible human must be flagged NSFW

Donate to support Ukraine's Defense

Donate to support Humanitarian Aid

founded 2 years ago

MODERATORS

[email protected]

Russian wealth fund down to $53.236 billion (interfax.com)

submitted 2 months ago* (last edited 2 months ago) by [email protected] to c/[email protected]

26 comments fedilink hide all child comments

To be clear it is not hold in $, but in RMB, gold and rubel. Before the war in held $174billion, so a massive decrease.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 2 months ago

I mean, one way or another, whether Russia devalues the currency and transfers real wealth away from people -- mostly in Russia -- holding the ruble or ruble-tied assets, or whether they tax people, or whether they just seize assets, it all is gonna ultimately do more-or-less the same thing. Some people in Russia are gonna be paying for the war. Might be more one group than another or have different side effects, but the Kremlin can't just magic up real wealth out of nowhere. They gotta take it from people in Russia.