Posts by Nathan Thomas12

William Cooper11 said:What happens when the Russians burn through all their remaining liquid foreign exchange reserves?
Does anyone have a rough estimate of how much they've actually burned through so far?

I think I heard somewhere about a week ago that they've already tapped into 10%.

Nancy Gomez26 said:In my view, all this talk about a potential default is being wildly overstated given the current circumstances. What would a default even signify for them when they are already effectively severed from the global economy? It’s as if people believe it could somehow jumpstart economic activity in this situation. The only real risk might be a sudden wave of panic among citizens rushing to the banks, but that is easily managed by simply shuttering branches and placing strict limits on ATM withdrawals. These people are already under blockade; they are essentially living through the consequences of a default without actually having triggered one. You can't kick someone out of SWIFT twice.

Modern banking is all about risk management and credit ratings—once you hit default, the lending tap just shuts off. Because of those crappy ratings and the sanctions, the Asian Development Bank has already pulled the plug on doing business with the Russians.

https://www.google.com/amp/s/north America...-i-bjelorusiji

slyfox43 said:Who actually banned pharmaceutical exports to Russia?

Spoiler: Nobody.

They're right—no one officially banned it. But how do you physically get the stuff to the buyer when the payment rails are totally fried?

Arthur Watson4 said:What's the issue? At least they can hold their own. ☕

Russia imports half of its medicine needs. They’re literally running out of insulin. Eventually, they might scrape by making some generic stuff, but generics aren't the real deal—never are. As for high-end, sophisticated meds? Yeah, forget about it...

Robert Barrett6 said:Contact lens shortages in America

https://lenta.ru/news/2022/04/07/linza/

Servers and hardware

https://www.cnews.ru/news/top/2022-0...evaet_defitsit

Paper

https://www.currenttime.tv/a/bumazhn.../31779756.html

Sugar

https://newizv.ru/news/economy/18-03-2022/produkt-osoboy-vazhnosti-pochemu-v-rossii-nachalsiya-defitsit-sahara

Diapers and pads

https://www.kommersant.ru/doc/5259462

Medicine

https://www.fontanka.ru/2022/03/22/70523984/

In Russia, 1% of the population tests positive for HIV, and all the meds come from the West. Estimates say by 2030, more people will be dying from HIV than cancer.