Every time I see an anecdote like this, I wonder how it applies equally to MAGA:
No wonder Mega loves Russia and vice versa. They both prefer to live in a media cocoon that shields them from reality, as the rest of the world watches in horror. This reminds me:
Don’t worry, she lives on and is still a disgusting pain in the ass Suffering from covid for a long time symptoms Those Russians who are acting like they are God’s gift to the world will have their comeuppance. Or maybe they’ll move to Paris permanently as Russia burns to the ground. Russian elites play by different rules. But rank and file Russians? Serious trouble is brewing.
Vladimir Putin may have a corrupt and incompetent armed forces, but his economic team is the best. They pushed up the ruble by forcing domestic companies to convert foreign currencies into Russian currency. Record prices have proved a bonanza for Russia’s vast energy industry, and buyers are forced to pay in rubles. All this increases the demand for currency. Yet Russians cannot convert their rubles into foreign currencies, and because of sanctions they have less to buy with those rubles. It means The transition is a one-way street: Russia is forcing key sectors to buy rubles, and no one can sell them. Therefore, the price goes up.
Putin loves his record-high ruble, equating a “strong” ruble with a “strong” Russia. The reality, however, is that all those backroom economic manipulations cannot stave off disaster forever. Yale’s School of Management has tracked more than 1,000 companies leaving Russia, and those companies represent 40% of its GDP.
– Despite Putin’s delusions of self-reliance and import substitution, Russian domestic production has stagnated with the ability to replace lost businesses, products and talent; Undermining Russia’s domestic innovation and manufacturing base has driven up prices and angered consumers
– As a result of the business retreat, Russia has lost companies representing ~40% of its GDP, reversing almost all of three decades of foreign investment and a large part of Russia’s economic base, capital and population. has extended the unprecedented flight of
– Putin is resorting to dramatic fiscal and monetary interventions, apparently unsustainable, to smooth these structural economic weaknesses, which have sent his government budget into deficit for the first time in years and coupled with high energy prices. has also depleted its foreign reserves — and Kremlin finances are in much, much more dire straits than traditionally thought.
The authors concluded that “Looking ahead, there is no way out of economic oblivion for Russia as long as allies remain united in maintaining and increasing sanctions pressure against Russia. Meanwhile, energy prices are falling on weak factory demand in China and Japan as the global recession deepens, and Europe is working furiously to wean itself off Russian energy. This is not happening overnight, but within the next 24 months, Russia will be forced to sell elsewhere. Already China and India are benefiting from huge discounts on Russian oil. Price has little benefit when the richest countries in the world won’t buy your energy.
This is heartbreaking.
I’d love to see less of that, and more of it: fathers and mothers and sons and daughters coming home for good.
This is interesting:
We have confirmation that the main bridge from Deccan into Kherson is still unusable. Russia’s “ferry” service in and out of Kherson consists of two pontoon sections joined together.
If you watch the video, the focus is on civilians and their vehicles. We all know without a doubt that the service (which reportedly includes four such ferries/barges) is also being used for military purposes, whether at night, or simply when the camera is not recording. Thus, when Ukraine sinks these barges, as it must, Russia can scream about attacking Ukrainian civilian targets. Like conservatives, everything Russia says is a projection.
We are lucky that Russia’s efforts are so transparent and stupid.
The situation on the ground (publicly) has not changed from what Mark wrote yesterday. He’s on vacation now, so I’ll be covering until Friday, when I’ll be on vacation myself, then attend NetRots Nation. Hunter will cover several days between my departure and Mark’s return.
Some other odds and ends:
We have had a full-blown rebellion in Kherson and Melitopol for months, but there was a tight lid on reporting their activities. It’s rising now as Ukraine ramps up its tactic to undermine Russian morale: roadside bombs (IEDs), target killing, Threatening flyersand “Propaganda shell“- airmen urging surrender delivered by artillery. As Ukraine tightens its supply noose around the region, it’s giving the Russians a chance to consider whether it’s really worth dying for Putin’s wishes. or not.
Meanwhile, in Sevastopol, home of Russia’s Black Sea Fleet at the very bottom of Crimea, things are happening.
If Russia says five were wounded, does that really mean 20+ killed? Why would they cancel their massive Navy Day festivities because of an allegedly minor infraction? It is very interesting either way, as Sevastopol is about 160 km from Ukrainian occupied territory. So some drones just lazily flew into one of the most heavily defended locations in all of Russia, and actually scored a direct hit on the fleet’s command and control center? Maybe that’s why it was happening in Sevastopol last night:
Another one for the morning:
I’m most excited about “Captured.” Russia is Ukraine’s best arms supplier.
Click here to donate to help survivors of Putin’s illegal invasion of Ukraine.
No joke, it’s all over the Russian state media.