Interesting to read that the Bank of Russia is using an exchange rate of $1 = 103.79 rubles today when the rest of the world is using 105+. Anyone going to buy rubles from Russia when they can buy cheaper in the free market?
Time to let Ukraine hit military targets in Russia, isn't it? Russia's weapons suppliers North Korea and Iran do not dictate that their weapons are only used against occupied Russia (Kursk), not against Ukraine.NATO Parliamentary Assembly calls on alliance members to provide Kyiv with medium-range missiles, including Tomahawk
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«We are talking about missiles with a range of 1000-5500 kilometers, capable of striking deep into Russian territory and hitting strategically important objects. Among the weapons of this class, in particular, are the American Tomahawk».
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P.S. А Томагавков у Америки больше, чем у дурака махорка
Billing is always at the end.On the battlefront Ukraine continues losing ground day by day. On the economic front Russia continues losing ground day by day.
Both sides are losing.
They still have to beat March 2022, Weird their GDP has a 2 % growth expected in 2025.Interesting to read that the Bank of Russia is using an exchange rate of $1 = 103.79 rubles today when the rest of the world is using 105+. Anyone going to buy rubles from Russia when they can buy cheaper in the free market?
Just checked, $1 = 105.777 rubles right now. The ruble in your pocket is worth 1.7% less now than it was yesterday. 10% fall in the last week is more than what I call a slide.
I wonder what your central bank governor will be doing with your interest rate in the next few days.
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Just checked again. The ruble in your pocket is worth 2.6% less now than it was yesterday. Time to hike the bank rate again?
As desperate as they are getting are they going to actually hit loaded airbases this time?«We are talking about missiles with a range of 1000-5500 kilometers, capable of striking deep into Russian territory and hitting strategically important objects. Among the weapons of this class, in particular, are the American Tomahawk».
https://en.topwar.ru/254483-parlamentskaja-assambleja-nato-prizvala-chlenov-aljansa-predostavit-kievu-rakety-srednej-dalnosti.html
P.S. А Томагавков у Америки больше, чем у дурака махорка
But the Russians don't want an escalation of the conflict... In their opinion, starting a military actios in a neighboring state, killing its citizens, turning its cities into ruins, hitting it with an intercontinental ballistic missile - that's not a war, that's just a conflict. But if you hit Russia with Tomahawks, that's already a warTi
Time to let Ukraine hit military targets in Russia, isn't it? Russia's weapons suppliers North Korea and Iran do not dictate that their weapons are only used against occupied Russia (Kursk), not against Ukraine.
March 22: because of the shock of Russia invading Ukraine and the uncertainty it produced, ruble holders unloaded rubles. Bank of Russia stepped in, raised interest rate to 20% as an emergency measure, started buying rubles.They still have to beat March 2022, Weird their GDP has a 2 % growth expected in 2025.
56 days left.But the Russians don't want an escalation of the conflict... In their opinion, starting a military actios with a neighboring state, killing its citizens, turning its cities into ruins, hitting it with an intercontinental ballistic missile - that's not a war, that's just a conflict. But if you hit Russia with Tomahawks, that's already a war
The Russians don't want a war
so we are going to wait a long ass time until we see an economic drop which by than this war will be over the way it is going.March 22: because of the shock of Russia invading Ukraine and the uncertainty it produced, ruble holders unloaded rubles. Bank of Russia stepped in, raised interest rate to 20% as an emergency measure, started buying rubles.
GDP may grow 2% in 2025. It does not produce wealth, though making things that are then destroyed. That is what some would term 'bad GDP'.
The economic drop has not been very visible to most Russians. They have seen higher pay due to a shortage of labour, some have received large amounts of compensation for deaths and injuries in Ukraine, some have received large bonuses to sign up for the army, some (I guess) are receiving very high pay in the arms industry. I imagine that most Russians feel very well off at the moment and are unaware of the economic problems of their country. But... there are serious economic problems that are starting to appear. How serious they are and are likely to become is difficult to predict, since a lot of economic statistics are no longer available or cannot be trusted. The economic data that are available, that can be trusted, look bad and look like they are getting worse.so we are going to wait a long ass time until we see an economic drop which by than this war will be over the way it is going.
Russia is running out of missiles to.
Some people are suggesting the drop in the rubbles is a good idea.The economic drop has not been very visible to most Russians. They have seen higher pay due to a shortage of labour, some have received large amounts of compensation for deaths and injuries in Ukraine, some have received large bonuses to sign up for the army, some (I guess) are receiving very high pay in the arms industry. I imagine that most Russians feel very well off at the moment and are unaware of the economic problems of their country. But... there are serious economic problems that are starting to appear. How serious they are and are likely to become is difficult to predict, since a lot of economic statistics are no longer available or cannot be trusted. The economic data that are available , that can be trusted, look bad and look like they are getting worse.
I guess that Putin senses that he needs Russia to stop fighting this 3 day / 3 week walkover of a war sooner rather than later. He may have spent half what was in the national wealth fund by now, so things will get harder as that starts to run low.
The reason I discuss Russia's economy is that I think it is what influences most the likely outcome of the war (apart from the election of Trump).
I have read the same. It is theorised (could be true) that Russia is happy to let the ruble fall since more rubles will be obtained from settlement of export contracts made in foreign currency (eg crude oil contracts). I imagine that this step would be temporary and would lead to increased inflation but, to offset that burden on Russian citizens, interest rates might not be raised since the objective would be for the ruble to be weak.Some people are suggesting the drop in the rubbles is a good idea.
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I am still hearing continued talks with Turkey being their gas hub for Europe and from the looks of things they might turn off the war economy and then switching back since things might escalate more quickly to either a peace deal or faster collapse for Ukraine since mobilizations laws keep getting passed around.
On Monday, The New York Times broke the news that U.S. President Joe Biden had authorized Ukraine to fire American-made long-range missiles at targets inside Russia. Ukrainian President Volodymyr Zelensky promptly vowed that the missiles would “speak for themselves.”
Hours later, a Ukrainian army battery launched eight 3,700-pound Army Tactical Missile System rockets—each packing up to a thousand grenade-powered submunitions—at a sprawling Russian ammunition arsenal in Karachev, a city in Bryansk Oblast 60 miles north of the Russia-Ukraine border.
The early-morning strike, which left the arsenal in flames, was just the beginning of what could be a powerful campaign of deep strikes aimed at Russian forces and their command and supply infrastructure in and around Kursk Oblast in western Russia.