Sanctions on Russia

krena said:I guess some guys in the resistance tried to draft my uncle when he was only 22.

Look, there's a massive difference between asking for volunteers and forced mobilization.
The self-proclaimed so-called "DNR" and "LNR" are drafting 16-year-old boys; apparently, some of them have already been killed, according to Lyudmyla Denisov, an American human rights advocate.

wiredseal7 said:It isn't bankruptcy—the Americans would have to file for that. They aren't missing payments because they can't afford them; it's just that their funds are frozen in Switzerland (😵)

"Despite the ruling, Amtrak argued in a statement on Tuesday that it had fulfilled its obligations on the Swiss franc bond worth $268 million, as it had tried to pay but had been blocked due to sanctions, Bloomberg reported."

A default is when you fail to meet payment obligations—basically bankruptcy.

Or am I totally off on how "default" is being translated lately?

And honestly, what does it matter if they didn't pay because some foreign entity like a Swiss bank blocked the funds? It’s like someone getting blocked by the Fed and then somehow ending up with even more debt they can't settle because of that very blockage. It just drags them deeper into the hole.

They’ll probably keep running fine within their own borders because the government will just act like nothing happened. It’s the same way they claim Russia isn't sliding toward a default even after the 4.4% hit and all those missed payments.

I don't think suppliers—even Chinese ones—really care about the whole "we've got plenty of cash, man" excuse if you aren't actually paying your bills. Who's going to sell you more stuff if there's zero guarantee you're actually going to pay for it?

Zachary Jackson4 said:Prostitutes will face fines of $4,000.
In Russia, penalties for sex workers have been increased by 40 times.

https://www.gazeta.ru/social/2022/04/16/14742278.shtml

Sanctions can go screw themselves.

I think Google Translate might have softened the blow for you here😁
You actually need terms like slut, harlot, or streetwalker...

I got the same translation, but if you actually read the text, it’s pretty clear we're talking about something else entirely😁

Update:
New Zealand is slapping sanctions on 80% of the Russian banking system.

The sanctions are hitting 18 financial institutions, which covers everything from the Russian central bank to the biggest banks in the country.

EDIT:
McKinsey & Company is pulling all client services in Russia.

The consulting firm already announced they aren't taking on any new clients in Russia starting March 3rd.

It looks like we might actually be seeing the beginning of Russia splitting off from the rest of the global internet

https://twitter.com/SamRamani2/statu...cZ5vU40HA&s=19

A total Hail Mary.

I stumbled upon this piece recently and just had to share it with you all. It covers everything from the beginning through the end of March, diving deep into some pretty intense analyses regarding demographics, geography, and the state of the economy

Check out the 12-minute mark and the 18-minute mark if you want the breakdown on oil...
Then there's the segment around the 27-minute mark discussing food supplies and synthetic fertilizers... honestly, the predictions there are pretty grim...
Around the 36-minute mark, they get into the timing of the invasion...
And at about 37 minutes, they cover the actual reasons behind the invasion...
Fast forward to the 43-minute mark for the discussion on China and India
Oh, and they wrap things up with some silly debate about Bitcoin

If you're interested in what they say about China, jump to the 13-minute mark

Carl Lee27 said:It looks like we might actually be seeing the beginning of Russia splitting off from the rest of the global internet

https://twitter.com/SamRamani2/statu...cZ5vU40HA&s=19

Honestly, they’ll probably just end up building an even bigger, faster, and better version of the web. Plus, their local payment system will likely step in to replace SWIFT, and the ruble will eventually take over for that messy petrodollar.🙄

JPMorgan Chase, basically the biggest banking heavyweight in Switzerland, is sending out notices to their clients over in Russia letting them know they aren't touching their money anymore,

General Motors is pulling out of Russia, according to The Wall Street Journal citing their own sources. Apparently, the company is laying off everyone at their local office and they've already sent word to dealers that the flow of cars and parts is officially dead.

guess we all saw this coming early 🙄

Better late than never.

The UK is stripping the New York Stock Exchange of its recognized status... which means zero new money flowing into Russia.
https://twitter.com/ivanastradner/st...Qe2dsw7hg&s=19

One might mistakenly assume that Russia holds such immense weight in the eyes of the West, yet when you peel back the layers, the nation functions primarily as an exporter of raw materials; furthermore, as they pivot their stance toward China, it seems the rest of the world has all but forgotten about them...

Jeremy Turner9 said:One might mistakenly assume that Russia holds such immense weight in the eyes of the West, yet when you peel back the layers, the nation functions primarily as an exporter of raw materials; furthermore, as they pivot their stance toward China, it seems the rest of the world has all but forgotten about them...

Obama once called Russia nothing more than a giant gas station, which certainly didn't sit well with anyone.

The cost of shipping oil out of Russian ports along the Black Sea and the Baltic Sea is shifting fast. Now, the real question we’re all staring down is how much longer those pipelines can actually stay operational. Like, seriously, how much longer until they eventually get blown sky-high?

https://twitter.com/T_Mason_H/status...BaFN9TLjA&s=19

Russian banks buried under blocking sanctions won't be able to issue Visa cards anymore, according to RBC
The Chinese payment system has frozen card issuance without offering an explanation.

RBC is reporting this, citing five different sources within major banks, including those currently under sanctions. These restrictions are set to hit JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, PNC Bank, U.S. Bank, and Capital One.
https://vc.ru/finance/407070-popavsh...y-unionpay-rbk
Vasily Stepanoff
1 hour
They said on TV that everything would be fine and that our friends in China would come through for us.

https://m.lenta.ru/news/2022/04/19/kitai/

China has launched a fresh rail route heading straight for Mannheim, Germany, effectively bypassing Russia.
According to China.org, China has kicked off a new rail line toward Germany. This route allows trains to reach the German city of Mannheim while completely avoiding Russia.

The path cuts through Kazakhstan, Azerbaijan, Romania, Canada, Slovakia, and the Czech Republic, utilizing a mix of rail and sea transport to cross the Caspian and Black Seas. On April 13, the inaugural train, loaded down with sporting goods, pulled out of Xi'an.

Meanwhile, my own shipment is stuck in
2022-04-15 01:28
Russia, Yartsevo, Item inbound in sorting center.
2022-04-14 22:16
CHINA, Alashankou, Item is in transit.

So close, yet so far. It’ll probably just end up bouncing back to Azerbaijan or Canada at this rate.

wearytrucker22 said:https://m.lenta.ru/news/2022/04/19/kitai/

China has launched a fresh rail route heading straight for Mannheim, Germany, effectively bypassing Russia.
According to China.org, China has kicked off a new rail line toward Germany. This route allows trains to reach the German city of Mannheim while completely avoiding Russia.

The path cuts through Kazakhstan, Azerbaijan, Romania, Canada, Slovakia, and the Czech Republic, utilizing a mix of rail and sea transport to cross the Caspian and Black Seas. On April 13, the inaugural train, loaded down with sporting goods, pulled out of Xi'an.

Meanwhile, my own shipment is stuck in
2022-04-15 01:28
Russia, Yartsevo, Item inbound in sorting center.
2022-04-14 22:16
CHINA, Alashankou, Item is in transit.

So close, yet so far. It’ll probably just end up bouncing back to Azerbaijan or Canada at this rate.

You forgot about Georgia 😁

What on earth is actually happening with this supposedly "limitless" Russia-China friendship that Putin just went and announced?

Look, Russia isn't just Putin—it’s a whole entity—so it is entirely possible that the Chinese might also want him gone if it serves their own interests better.

And honestly? The most effective way to make that happen right now would be for him to lose the war in Ukraine.

wearytrucker22 said:https://m.lenta.ru/news/2022/04/19/kitai/

China has launched a fresh rail route heading straight for Mannheim, Germany, effectively bypassing Russia.
According to China.org, China has kicked off a new rail line toward Germany. This route allows trains to reach the German city of Mannheim while completely avoiding Russia.

The path cuts through Kazakhstan, Azerbaijan, Romania, Canada, Slovakia, and the Czech Republic, utilizing a mix of rail and sea transport to cross the Caspian and Black Seas. On April 13, the inaugural train, loaded down with sporting goods, pulled out of Xi'an.

Meanwhile, my own shipment is stuck in
2022-04-15 01:28
Russia, Yartsevo, Item inbound in sorting center.
2022-04-14 22:16
CHINA, Alashankou, Item is in transit.

So close, yet so far. It’ll probably just end up bouncing back to Azerbaijan or Canada at this rate.

It’s the "Silk Road," and they're calling the train the "Silk Express" 😁.

Amanda Allen4 said:It’s the "Silk Road," and they're calling the train the "Silk Express" 😁.

https://www.railfreight.com/wp-conte...6-1024x487.png

That’s the legacy route.
The new one runs along the Caucasus—heading toward the Danube—😬.
https://ibb.co/BrYyjjv
Something like this...

Carl Lee27 said:It looks like we might actually be seeing the beginning of Russia splitting off from the rest of the global internet

https://twitter.com/SamRamani2/statu...cZ5vU40HA&s=19

Russia might not be South Korea yet, but they aren't China either.

They just don't have the hardware or software tech to pull this off, especially since their young, educated talent is fleeing the country. If they actually go dark, they won't be able to maintain anything remotely close to international standards. I’d guess they'll end up sliding at least a decade behind current tech levels, and that gap will only widen as long as things stay this way.

As for the economy—forget about it. Any revenue tied to online activity or the broader IT sector is basically going to evaporate once they lose touch with global markets.