doo

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[–] [email protected] 3 points 6 days ago

In the other hand, if digging good and settling oil to India were enough, they would not need to raid their savings this hard.

So maybe it's not that critical to demotivate India from Russian oil...

[–] [email protected] 15 points 6 days ago

My impression is that it's exactly what Ukraine is doing by attacking oil refineries and reserves - make russia decide wether to sell or use themselves for the war.

58
sanctions work (open.substack.com)
 

2.5 years to halve the reserves, the spend cannot be linear and I also don't think they need to get to zero to have a collapse.

... The economy is being funded by the cash reserves, which increases inflation, which leads to another round of interest rate hikes to combat inflation, which makes it harder to borrow money, which is necessary for economic growth. Eventually, the cash reserves will run out. It took 2.5 years to deplete half the Russian reserves. Russia withdrew $37 billion to cover deficits in December 2022. It withdrew $20 billion to cover deficits in December 2023. It only has $54 billion left.

[–] [email protected] 3 points 1 week ago (1 children)

I do hope that the industry taking it will just slightly delay devaluation and boom! more inflation.

[–] [email protected] 3 points 1 week ago

You mean they will go for printer go brr?

Yes, please!

[–] [email protected] 27 points 1 week ago (7 children)

They also held 293.189 tonnes of unallocated gold, compared with 298.84 tonnes on August 1, 303.579 tonnes on July 1 and 329.795 tonnes on June 1.

So they sold almost 40 tonnes of gold in 4 months? I approve that trend.

[–] [email protected] 7 points 1 week ago (7 children)

It's good that they can just print more rubels to fill the gap! /S

[–] [email protected] 4 points 2 weeks ago

The facts are:

  • russia spent a lot of effort trying to ban it
  • eventually they "convinced" durov to cooperate to fight terrorism and removed the ban
  • in russia fighting terrorism is applied to anything

Yes, I don't have evidence that the messages are accessed, only that the access is given and that all of that is happening in a country with a blatant disregard to law from the government.

[–] [email protected] 12 points 2 weeks ago (4 children)

I would be surprised if it's not.

russia tried to take control over it for a while, until

On 18 June 2020, the Russian government lifted its ban on Telegram after it agreed to "help with extremism investigations". https://www.independent.co.uk/news/world/europe/telegram-russia-ban-lift-messaging-app-encryption-download-a9573181.html

Which means they have access to all messages.

[–] [email protected] 39 points 2 weeks ago (3 children)

Yes.

On 18 June 2020, the Russian government lifted its ban on Telegram after it agreed to "help with extremism investigations".

https://www.independent.co.uk/news/world/europe/telegram-russia-ban-lift-messaging-app-encryption-download-a9573181.html

Which means KGB has full access to all messages.

[–] [email protected] 2 points 2 weeks ago

They didn't say which exactly human health is not threatened, so all is good and correct as I'm sure there's at least one senile psychopath who's safe from that smoke.

[–] [email protected] 14 points 3 weeks ago

I think the main factor to the collapse as well as to why it was taking this long was the speed of communication. Those vassals had the luxury of 10 messages a year from the boss.

Interestingly, when it comes to (hopefully soon) collapse of russia, there are two parts to it. First are the instant communication channels that are useful to the crash and second is the human hierarchy that pootin uses (and has to) to get information. So he's at the Ottoman speeds of processing information, but at the modern speed of attack.

[–] [email protected] 16 points 3 weeks ago

As a protest, Hungary should sever all relations with the terrible totalitarian EU.

Also I think they should consider moving into russia - there should be enough vacant space.

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