A lot of the 'boycotts' and :service bans' I see aimed at Russia are weird, might even be counterproductive.
Large state-wide services make sense. Banks, enterprise level services, sanction/restrict all of that. Hit Putin and the government where it hurts.
All this little shit, that only impacts the average Russian trying to make it through their day, stuff that amounts to marketing campaigns is annoying and counterproductive. Dumping vodka that probably wasn't even made in Russia, blocking Russia nationals from online platforms, uninviting your friend whose grandmother lived in Russia, boycotting McDonald's because a McDonald's exists in Russia, clown shit. Only makes it easier for Putin's propaganda machine to say to say all of Russia's problems are due to the the world and that the world is out to get, and thus they should be cold towards the world back - damned if you do, damned if you don't.
People are unironically out here harassing anyone from Russia because Putin as if they have any say over that.
Then you aren't talking to me but the made up version you have in your head. I have already stated what I think should be done, Ukraine didn't just happen two weeks ago we had years to prevent this but didn't.
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As long as Ukraine keeps the world attention, how long do you think that will be?
And so now that it's actually happening we should just, what, not give a shit because we didn't do anything earlier? Let the Ukrainian people suffer for our lack of foresight and the fact that Donald Trump's mouth was permanently affixed to Vladamir Putin's junk? Bemoaning what should have been done earlier does absolutely jack shit to fix the problem now.
I was expecting this. Still "Yikes."
UBS Triggers Margin Calls as Russia Bond Values Cut to Zero
The Swiss wealth manager is calling on some investors to add either cash or securities to their portfolio after cutting the lending value of some Russian bonds to zero, people with knowledge of the matter said. While the sovereign bonds still trade around 50 cents on dollar, and many Russian corporate bonds are well above that, UBS’s move signals it essentially will no longer accept them as collateral.
Credit Suisse just joined UBS.
Last edited by Rasulis; 2022-03-07 at 09:01 PM.
This really don't hold up either tbh because western countries are accusing iran for doing exactly this.
Regardless though. Outside of acting though and trying to scare the west there is really no point in saying this because Russia isn't any better. AH well, given how much Russian army is struggling I honestly doubt that Putin is ready to go to war against Nato.
This is interesting. Normally when bond get this low, there will be vultures picking off the dead body. According to Bloomberg, there are zero trade of Russian bond right now.
That's mostly the establishment and the government remember China we were grrr at them a few weeks ago too. The American public gets exhausted rather quickly. The midterms, gas prices and inflation will take the focus If oil goes to $200+ per gallon like predicted that will be people's main worry not Ukraine.
The real problem here is that Putin needs this to stop before his country crumbles to dust. Although at this point I don't think even lifting sanctions and ending western aid would fix Russia's problems - good luck convincing private companies to go back into Russia, at least while the general public is paying so much attention to it.
Zelenskyy is going to address the UK parliament tomorrow via video link. I can't remember something like this happening before. He's probably going to ask for a no-fly zone, and he won't get it.
If you don't think that Western powers will try to push this situation in whatever direction benefits them the most, regardless of harm to Ukraine, I think you're pretty naïve.
All these people who saying "bring it on" who want to prolong this conflict for the sake of damaging Russia further, just need to be aware that it's the Ukrainian people who are actually bearing the burden. Your higher gas prices or wheat shortages are nothing compared to the cost of war in Ukraine.