How is Russia not Financially Crippled? - eviltoast

When the war started it was seizure-this and sanction-that. I’ve read that $350B in Russian assets were seized and held, while major companies exited the Russian market, the ruble crashed, and inflation rocketed.

Meanwhile the cost of the Russian war must be astronomical to maintain, imports/exports have halted with Europe, there’s no financial aid to Russia (that I’m aware of) and multi-billion dollar resource supplies were cancelled.

All this, and Russia seems to still be having a good old time. Russians are on holidays en mass, the country is buying up arms and fossil fuels like its church Sunday, and their war machine still powers away and is prepared to keep fighting for a decade if it has to.

How? How does a country take that much of a financial beating and still be thriving? Where is the point of being broke and not being able to fund a war anymore?

  • FeelzGoodMan420
    link
    fedilink
    English
    arrow-up
    11
    arrow-down
    3
    ·
    edit-2
    11 months ago

    The media is complete fucking bullshit. On both sides of the poltical spectrum. And private forums/platforms, even such as this one, are unfortunately also full of bullshit. It is very very very very difficult to obtain accurate information and analytics these days. Hence all the issues with misinformation all over the place. Then throw in AI to make it exponentially worse… it’s not great. Unfortunately at this point I jjust assume that literally no one has any fucking clue what they’re talking about and everyone is lying. Fun times we live in :-/.

    • isles@lemmy.world
      link
      fedilink
      English
      arrow-up
      6
      ·
      11 months ago

      assume that literally no one has any fucking clue what they’re talking about and everyone is lying

      I’m not sure this is a new development.

      • FeelzGoodMan420
        link
        fedilink
        English
        arrow-up
        3
        ·
        edit-2
        11 months ago

        It’s not, but it has gotten worse over the past like 7 years. Now it’s even more accelerated with AI. Not sure most people realize how absolutely fucked the Internet is with AI. Like just check Google search results for anything. It’s dogshit. Thx AI! It will only get worse. A lot of news articles now are also written by AI and it’s blatantly obvious. The quality is worse.