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[-] CanadaPlus@lemmy.sdf.org 46 points 2 months ago* (last edited 2 months ago)

Which is probably why they're trying to bid up Ukraine with the US using their own minerals.

Edit: Although some are suggesting this article is just propaganda, Russia's main challenge is that their economy is on the brink of failing and domestic support becomes a question if that happens. From a skim that appears to be the main thrust of it.

[-] PolydoreSmith@lemmy.world 29 points 2 months ago

Their economy has allegedly been on the brink of failing for the past three years according to US state department talking points. Surely any day now the Ruskies will surrender…

[-] CanadaPlus@lemmy.sdf.org 12 points 2 months ago* (last edited 2 months ago)

I actually doubt the US state department ever said that, exactly. They're diplomats, are very careful about their wording, and are unlikely to promise something they aren't totally sure about.

I'm going by the trajectory of the now >20% interest rate, the fact they're politically covering for massive military spending with massive handouts, the amount of assets still in Russia and the recent reports of a surge in bankruptcies. I don't know if it will be two weeks or a year, but they can't keep this up the same way forever.

[-] DreamlandLividity@lemmy.world 11 points 2 months ago* (last edited 2 months ago)

The economy, while struggling, is far from collapsing and popular support is almost a non issue. Russia is not drafting. Without a draft, most soldiers joining do so voluntarily, so there is not as much resistance. They have to pay a lot of money to make people sign up to go fight a war and the extra competition for labor (army vs factories) is increasing wages in many categories. The ones most unhappy about the situation are the oligarchs who have to pay for all of it. So unfortunately, betting on Russia somehow collapsing anytime soon is probably a loosing bet.

The more likely bottleneck for Russia is equipment and volunteers for the Army. Their Soviets stockpiles are starting to run low. And, if Russia runs out of people willing to sign up for money, they may be forced to either end the war or start drafting with all the issues that brings.

I base this mostly on Perun YT channel, that has many videos doing in depth analysis of various aspects of the war.

[-] CanadaPlus@lemmy.sdf.org 6 points 2 months ago* (last edited 2 months ago)

Yeah, that's one of my main sources too.

This is what I mean - they need money to pay for their military industry, ever-scarcer volunteers and a bunch of feel-good handouts like cheap mortgages on top of it. They've basically just been burning the economic furniture to make that happen (including the old Soviet stockpiles), and at some point raising the interest rate will get diminishing returns. Eventually, their spending is going to come up against what they actually physically have and lose, and then they'll get hyperinflation.

It's been suggested they could just muscle through that, and I can't rule it out, but Russia is not Nazi Germany or even Venezuela. Putin's regime has pretty much discouraged ideology of any kind in favour of cynical patronage, so once all the rubles they have to slosh around are worthless they're kind of in uncharted territory.

[-] DreamlandLividity@lemmy.world 2 points 2 months ago

I fully agree, it's just that the operative keyword is eventually, and I don't expect it to mean soon. Of course they can't keep this up forever.

[-] CanadaPlus@lemmy.sdf.org 1 points 2 months ago

Once their mothballed armour runs out it seems pretty guaranteed, and there were reports of a surge in bankruptcies a bit ago.

I'd be surprised if it's a full year. Some kind of treaty might come soon anyway, though.

[-] stringere@sh.itjust.works 2 points 2 months ago

Some kind of treaty might come soon anyway, though.

Maybe the collapse is closer than we think and that's where this sudden push to resolve the war is coming from.

[-] CanadaPlus@lemmy.sdf.org 1 points 2 months ago* (last edited 2 months ago)

It's pretty much certain Putin has more idea about how long than we do, and is on a clock of however long that is, yeah.

That being said, the big factor at the moment is Trump. Ukraine can no longer rely on US assistance, and Putin thinks he might give him a more favourable deal somehow, so that's incentive for both sides to wrap it up.

[-] coolusername@lemmy.ml 9 points 2 months ago* (last edited 2 months ago)

Russia's economy is better than before the SMO started. All media in the US and those of US-controled/couped countries are controlled by the CIA.

[-] chaogomu@lemmy.world 28 points 2 months ago

The CIA wishes they were even a tenth as competent as you think they are.

Go read any of the declassified reports of CIA activity, starting with the Church commission.

Or the actual events of Benghazi.

The truth is, the CIA is full of bumbling chucklefucks who have no clue if the actions they take will have the effect they want.

They can do a lot of damage, but like you, they also tend to believe the Hollywood myth making.

This belief doesn't make them any more competent, but it does make them more reckless and dangerous.

[-] PrettyFlyForAFatGuy@feddit.uk 23 points 2 months ago

What's the base interest rate in russia again?

Oh, that's right. 21%pa

Very healthy. much strong.

[-] InternetCitizen2@lemmy.world 5 points 2 months ago

At a minimum we can say that Russia has transitioned pretty well into a war economy. It is an economic transition that is going very nice for the working class. For a long time OSINT has shown nearly depleted reserves of equipment, but they have gone very light infantry. I think it is concerning they might eek out a pyrrhic victory. It is hard to say how much longer they can stretch what is left.

[-] PrettyFlyForAFatGuy@feddit.uk 6 points 2 months ago

It is an economic transition that is going very nice for the working class

Yeah, must be real nice just lying in a field in ukraine pushing up sunflowers

[-] InternetCitizen2@lemmy.world 1 points 2 months ago

I know what you mean, but the soldiers they recruit are so poor they are seeing real economic benefit for themselves and their families; more over, working class wages have grown past inflation giving them a real wage increase. Ironically the biggest losers are the oligarchs.

[-] CanadaPlus@lemmy.sdf.org 1 points 2 months ago* (last edited 2 months ago)

Yes, that's actually pretty typical of warfare under the original feudalism, too. The rich hoard their wealth, until they're gone and their palaces can be looted, or they need to bribe a mass of peasants to save their ass. Then you get redistribution.

I'm not really sure I'd call a short-term, unsustainable cash injection at the cost of actual infrastructure and development "good for the working class", though. If Russia becomes the next Venezuela or even Somalia they might end up with bigger problems than no Lada.

[-] InternetCitizen2@lemmy.world 1 points 2 months ago

It is good for the working class in Russia and by Russian standards. These economic analysis tell us that all else equal we cannot expect Russian civil disobedience at this stage. Ironically it does mean a palace coup is more likely due to the brunt being held by Oligarchs. As for long term benefits? Hard to say, but people live today not tomorrow. Today the Russian working class is going to eat better than yesterday.

[-] syreus@lemmy.world 20 points 2 months ago

This is not a special military operation. It involves the citizens of both nations directly involved.

The War in Afghanistan. The War in Iraq. The War in Gaza.

The War in Ukraine. Started by Russia after their puppet government was ousted in Ukraine.

[-] VerifiedSource@sh.itjust.works 12 points 2 months ago

GDP can increase during a war, but that's not as beneficial as growth during peace. After all the military equipment produced doesn't last long or provides much long term value to the economy. A civilian truck, excavator, or train locomotive can create more value for an economy for decades. A trank or artillery piece will only last for a few months during war and only causes destruction, no creation. So yeah, nominally the economy might increase, but all that labor might be for nothing in the end.

It has been very impressive how Russia transformed its economy and circumvented sanctions. Production of military equipment is high and still increasing in parts. Goods for domestic consumption are also doing okay and standard of living hasn't fallen much.

Of course none of this is sustainable and has only been achievable by all kinds of tricks, but for now it works.

[-] CanadaPlus@lemmy.sdf.org 11 points 2 months ago
[-] Tja@programming.dev 7 points 2 months ago

Smartest ml user

[-] stringere@sh.itjust.works 4 points 2 months ago

What is SMO?

Isn't that the lie Putin told the world about the Russian war of aggression and invasion of Ukraine?

3 days, right?

this post was submitted on 24 Feb 2025
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