The Demolition of Russia's Economy

Dubai-grad? :)

"The tycoon’s private jet, worth $350 million, has been grounded in the emirate for some four months after the U.S. Justice Department authorized its seizure."

Uhhh that ain't a private jet, that 787 is a private airliner.
 
terr said:
Fun stuff happening with Kazakhstan. Putin dissed Kazakh president recently. Kazakhs just replied by saying you cannot import through us anything that is sanctioned, and have started looking, actively, for redirecting their oil and gas exports away from Russia. Considering that this is backed both by China and by EU, I am sure the solution will be quick.

Oh and in other news, the main Russian bank president just told us that they are reduced to digging out chips from undistributed bank cards to place them in new ones. They cannot produce the chips anymore.
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https://twitter.com/x/status/1545065990773510144
 
TreeFrogTrader said:
The big story there is that Turkey is actually helping the west. As we know, they like to help Russia on odd numbered days.

I can only assume that as part of getting them to support Sweden and Finland entering NATO, that there were some other things thrown in to sweeten the deal. Whatever. Turkey is a snake as I have said many times over.
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Latest is they want upgraded F-16 fighter jets instead, of the F-35 they got excluded due to purchasing Russia's S-400 anti-aircraft missiles. US probably, concerned of the Russians studying the F-35 and how to target them. They should not now. Way past that when Russia has hypersonic missiles in addition to Satan 2 missiles which the Russians claim is the most advanced missiles they have undergoing testing. With the US egging on Ukraine to keep fighting, you can rest assured that Putin will use and test the Satan 1 missiles of Russia on Ukraine. Set for deployment near the end of 2022. Poor Ukrainians will be needlessly killed while, Zelensky gets filthy rich. What is tens of thousands of Ukrainian lives when he is getting tens of billions of financial aid from the US and Europe? Life is good for Zelensky only.
 
gwb-trading said:
https://twitter.com/x/status/1545065990773510144
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What is tens of thousands of Ukrainian lives when he is getting tens of billions of financial aid from the US and Europe? Life is good for Zelensky only.[/QUOTE]

Rand Paul objected to the various military and other aid packages to Ukraine, but he had a bill/amendment to at least create a Inspector General for Ukraine aid. Which both dems and pubs rejected.

In reality, both parties should have approved and everyone should support regardless of their view of whether Ukraine should be funded. Ukraine has a major problem with corruption.

On the other hand, Americans don't seem to care. We had four inspector general under four (I think) presidents report to Congress that we had no flaming idea where 90% of the money sent to AFG ends out- certainly not toward strengthening their military. Congress and the President, mosre or less said "That's fine. That's how we roll." And indeed the corruption related to the covid packages shows that that is how we roll on the home front too.
 
LOL. McDonalds leaves Russia. Russians open the (incredibly stupidly named) replacement of "Tasty, period" restaurants. Today it is announced that no potato products will be sold in them. Due to bad harvest of potatoes.

What a coincidence that bad harvests of potatoes happen just as McDonalds leaves.
 
Likely the farmers which used to supply MickeyDee's are now selling to the Oligarchs and other higher ups. Leaving "Tasty, period" the scrapes.
 
VP of "Russian Steel" association said that steel production in Russia has dropped 50% in June 2022. The cost of production increased 50% and prices dropped 35%. Russia also increased taxation on the steel industry. 200,000 jobs are in danger.

Wonder what happened?
 
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