Russo-Ukrainian War - 2022 Edition - Part3

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Major Boredom

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Russians can still go to most commercial banks and get Visa/Mastercard/Amex cards and use them.

Amex,Visa and Mastercard have stopped operations in Russia. You cannot use russian cards outside russia. You cannot use international cards in russia.
 

Mirai

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From what i have read there is a massive black market currently with a 20% premium to try buy dollars.

Here is an iol article that came from bloomberg that explains it better . Since then the ruble has dropped even more
Also in Feb it mentions the banks charged a 30% commision lol


This is what happened in Eastern Europe in the 80s. But locals could only buy very few dollars at this rate and these were people given special permission, usually connected people who would go abroad for business.

Locals would buy USD locally at a huge markup on the black market maybe 10-20x the official exchange rate.

One could then buy Western goods in Communist countries with those USD or bribe officials or people with them or use them if traveling abroad in exceptional cases.
 

Taxed

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Amex,Visa and Mastercard have stopped operations in Russia. You cannot use russian cards outside russia. You cannot use international cards in russia.
On paper with the same on paper for most western companies but you still see many of their products in all videos of stores. Oh I see that the Visa and Amex options are now removed from the card application pages. Mastercard is still available for Ruble, Dollar and Euro accounts. The sanctions need to be harsher still as the rich bypass them even if it means taking the $200 Visa account tourist packages to a nearby country. Have a look at places like https://www.avito.ru/ to see what you can buy if you have some money and that is local available products.
 

flytek

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Ignore it if you think it is irrelevant. Please explain why you say "the ruble is now 69% what it was worth before the war and 40% of the peak of the spike"?
He can't read/understand that 50 rubles to a dollar is actually better than 80 rubles to the dollar if you are holding rubles. May he never go into forex trading...or trading of any sort actually.

Several people have tried to correct him from both sides of the isle but he bashes on like a blind imbicile regardless.
 

flytek

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The europeans are buying gas by giving gasprom dollars or euros. Gasprom converts that to rubles at the prevailing rate where rubles are now stronger than ever in recent history. Therefor the europeans are getting less gas than they would if the ruble was weaker
 

Major Boredom

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He can't read/understand that 50 rubles to a dollar is actually better than 80 rubles to the dollar if you are holding rubles. May he never go into forex trading...or trading of any sort actually.

Several people have tried to correct him from both sides of the isle but he bashes on like a blind imbicile regardless.
so so lets play

I want some oil today , for that I have 1 Dollar
You take my 1 dollar and on the exchange you get 53.600 rubles ( Unless you keep it in your forex holdings as USD which will be a bad idea as that is devaluating based on the local ruble currency) ...
Now tomorrow I want to buy more oil and as the currency is still devaluating you only get 50 rubles.... Wow you got less rubles for the same product ....
But your factory actually costs 51 rubles to make that item. You are now losing money tomorrow. Well done.
Like I said before wombat, the way the currency is going is BAD for exports ( and I was very clear on explaining it that way ) from Russia.

It is going really well if Russia wants to buy something from any western country that uses USD as the exchange currency, but noone wants to deal with you due to you acting like scumbags.

Now lets say
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flytek

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In your example above it is the dollar that is devaluing not the ruble as the dollar gets you less and less rubles with which to buy say gas.
 

Nicodeamus

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The Atrocity of Western Mainstream Media​

My 2017 book, Western Mainstream Media and the Ukraine Crisis: A Study in Conflict Propaganda (Routledge), chronicles the absurdly one-sided tunnel vision of Western mainstream media reporting on the 2014 “Euromaidan” coup d’etat in Kiev. This toppled a duly elected, democratic regime (albeit doubtlessly corrupt — we are talking about Ukraine), one that was scheduled to present itself, again, to due electoral process within only months, and forcibly replaced it with one that was deeply unpopular with most people in eastern Ukraine as well as with a good many in western Ukraine. The administrations of the ensuing coup regime and its successors under Presidents Poroshenko and Zelenskiy, were far more corrupt, incompetent, and undemocratic (as in intimidation of the press, press closures, persecution, and assassination of dissidents, etc.), than their predecessor. They could claim “legitimacy” only by banning major political parties that opposed them. They were unduly compliant with the fascist militia that had provided the muscle behind the 2014 street demonstrations and that had fired on and killed dozens of protestors in an effort to smear Yanukovych’s security forces. They even absorbed some of these, such as the Azov battalion, into the army.

All this happened, we are told by Western mainstream media (WMM), because the people of Ukraine yearned to be members of the EU and of NATO. The majority at the time were not in favor of NATO membership, rightly regarding it as a threat to their security. There was genuine disappointment among Euromaidan protestors that duly elected President Yanukovych who at one time was moving towards acceptance of an EU package of economic aid was, in my view, rightly advised to go with a competing Russian package which had far fewer strings and would have been more respectful of Ukrainian sovereignty than the neoliberal agenda of the EU leadership would have tolerated.

The 2014 coup leaders were aided and endorsed by the USA which invested $5 billion in regime-change shenanigans while another $5 billion was provided by intervener-extraordinaire, George Soros. Xenophobic in spoken comments and legislative intent towards Russian language, culture, and media, the coup quickly sparked counter-protests, as in Odessa, that were put down in massacres perpetrated by fascists. The situation so terrified the largely pro-Russian population of Crimea that they almost immediately held and passed a referendum in favor of secession from Kiev. They had never shown much happiness with being part of an independent Ukraine in the first place, but this was foisted on them in the turmoil of the collapse of the Soviet Union. Crimeans passed a second referendum that agreed to a request for annexation by Russia. WMM claims that the referenda were somehow catapulted by Russian “little green men” are propaganda. Russia had perfectly legal internationally-acknowledged entitlement to use of the Black Sea port of Sevastopol and to maintenance of many thousands of troops in its defense. All valid polls have since indicated a high level of popular support for transition of the Crimean Peninsula from Ukrainian to Russian control, with the notable exception of an element of the mainly Islamic Tatar minority. In similar fashion, the pro-Russian or Russian language speakers in the oblasts of Donetsk and Luhansk were so spooked by the new Kiev regime that almost immediately they declared themselves people’s republics. They made no formal request to be annexed by Russia, nor did Russia encourage such a development, knowing that the majority aspiration in the Donbass was for greater autonomy within the absurdly centralized political structure of Ukraine (given the distinctive cultural differences between West and East), an autonomy that was promised them by the international Minsk agreements of 2014-2015 but never honored by Kiev.

 

Wut

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In your example above it is the dollar that is devaluing not the ruble as the dollar gets you less and less rubles with which to buy say gas.
I think he just likes looking at the chart upside down so that it looks like it's going down while it's actually gaining value against the dollar. Russia prices their oil and gas in rubles which is why they want payment in rubles, so everyone heads off to Gazprombank with their dollars and euros which get converted to rubles meaning Gazprombank (and therefore Russia) gets more dollars and euros than they did before. Yet somehow he sees it the other way around :unsure:
 

Mirai

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Difficult bite for Russians. Dentists are afraid of going back to iron teeth​


Sanctions against Russia cut off the country from the supply of Western dental materials. Teeth treatment becomes a huge problem.

English link.

Publication: 25/06/2022 17:22
 

vaakseun

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On paper with the same on paper for most western companies but you still see many of their products in all videos of stores.
Those products were purchased before the start of the war. Retailers buy in bulk, not a couple of items every week.

It'll take a few months for the shelves to empty.
 

Major Boredom

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In your example above it is the dollar that is devaluing not the ruble as the dollar gets you less and less rubles with which to buy say gas.
Lets flip that statement

I am paying you 1 dollar in both cases ( As oil per unit is priced in dollars for most of the world ).
Today you get 53~ roubles.
Tomorrow you get 50~ roubles.
You are receiving less day by day when I receive the same unit size of oil.
I am not getting any less than what I got before ( 1$ of oil )
But you in real terms have received less in you local currency.

Yes, Russia want to price oil in rubles, but that is not the standard worldwide. Most countries are fighting against it and getting cut off from oil supplies.
 

flytek

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And today your dollar buys somewhere over half the petrol/gas/roubles it did last year. Funny that
 
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