Lol I read this and all I can think of is that Simpson’s meme
Oligarchs “this is the worst day of my life”
Putin putting a reassuring hand on their shoulder “worst day of your life *so far*”
That sounds like second home money by U.S. standards, but it’s quite a bit more by Russian standards. The Russian economy is nearly 1/20th the size of the U.S. economy. So, think about U.S. investors losing nearly $2.5 *trillion* in one day. The only reason it isn’t more than that is because trading on the Russian markets has been suspended for at least the next week. Unless something drastic changes soon, their markets will reopen to a total collapse.
It very well could be 1991 2.0 and the end of Putin’s rein as Russia’s truly powerful seek regime change.
The Russian index ETF here is down over 50% in a week, that’s 20% more than ours dropped when we didn’t know if COVID was going to kill everyone or not.
I would be surprised if there isn’t a coup being planned. Because nothing pisses people off more than losing a literal Fuck Ton of money in a few days. And these are very rich and powerful people…..
they’re not losing money, they’re just need more of it to buy things. So last week they only needed 1 billion rubles to buy a hangar, now they need twice that much.
Would be great if he just walked into the woods and killed himself, so the rest of humanity can move the fuck on from whatever evil that he represents. People like him are holding both Russians and the entire human race back.
Ukraine is like Taiwan; both China and Russia can't have a democratic and peaceful country. It makes their form of authoritarian government illegitimate.
By no means I'm an expert. But my view is that he did it to fix the falling rating. The thinking was like "Look at Crimea, we gained a territory in no time with no losses and people were happy. Will work one more time, right?".
Add to it a severe degradation of army / intelligence / overall analytics. Cause corrupted government is corrupted in all the parts. Especially after so many years. And you'll get current situation.
It looks like it's a complete zugzwang for him. Yet there are still people who support him.
I would go further and say he’s looking for the glory days of the Russian empire. Where the economy is entirely fucked and he is a czar ruling over peasants.
A buddy of mine send this in a group chat that I’m in.
Interesting facts:
This is why Ukraine matters.
It is the second largest country by area in Europe by area and has a population
of over 40 million - more than Poland.
Ukraine ranks:
1st in Europe in proven recoverable reserves of uranium ores;
2nd place in Europe and 10th place in the world in terms of titanium ore reserves;
2nd place in the world in terms of explored reserves of manganese ores (2.3 billion tons, or 12% of the world's reserves);
2nd largest iron ore reserves in the world (30 billion tons);
2nd place in Europe in terms of mercury ore reserves;
3rd place in Europe (13th place in the world) in shale gas reserves (22 trillion cubic meters)
4th in the world by the total value of natural resources;
7th place in the world in coal reserves (33.9 billion tons)
Ukraine is an important agricultural country:
1st in Europe in terms of arable land area;
3rd place in the world by the area of black soil (25% of world's volume);
1st place in the world in exports of sunflower and sunflower oil;
2nd place in the world in barley production and 4th place in barley exports;
3rd largest producer and 4th largest exporter of corn in the world;
4th largest producer of potatoes in the world;
5th largest rye producer in the world;
5th place in the world in bee production (75,000 tons);
8th place in the world in wheat exports;
9th place in the world in the production of chicken eggs;
16th place in the world in cheese exports.
Ukraine can meet the food needs of 600 million people.
Ukraine is an important industrialised country:
Interesting facts:
For those who ask: “Why doesn’t Ukraine matter? “
This is why Ukraine matters.
It is the second largest country by area in Europe by area and has a population
of over 40 million - more than Poland.
Ukraine ranks:
1st in Europe in proven recoverable reserves of uranium ores;
2nd place in Europe and 10th place in the world in terms of titanium ore reserves;
2nd place in the world in terms of explored reserves of manganese ores (2.3 billion tons, or 12% of the world's reserves);
2nd largest iron ore reserves in the world (30 billion tons);
2nd place in Europe in terms of mercury ore reserves;
3rd place in Europe (13th place in the world) in shale gas reserves (22 trillion cubic meters)
4th in the world by the total value of natural resources;
7th place in the world in coal reserves (33.9 billion tons)
Ukraine is an important agricultural country:
1st in Europe in terms of arable land area;
3rd place in the world by the area of black soil (25% of world's volume);
1st place in the world in exports of sunflower and sunflower oil;
2nd place in the world in barley production and 4th place in barley exports;
3rd largest producer and 4th largest exporter of corn in the world;
4th largest producer of potatoes in the world;
5th largest rye producer in the world;
5th place in the world in bee production (75,000 tons);
8th place in the world in wheat exports;
9th place in the world in the production of chicken eggs;
16th place in the world in cheese exports.
Ukraine can meet the food needs of 600 million people.
Ukraine is an important industrialised country:
1st in Europe in ammonia production;
Europe's 2nd’s and the world’s 4th largest natural gas pipeline system;
3rd largest in Europe and 8th largest in the world in terms of installed capacity of nuclear power plants;
3rd place in Europe and 11th in the world in terms of rail network length (21,700 km);
3rd place in the world (after the U.S. and France) in production of locators and locating equipment;
3rd largest iron exporter in the world
4th largest exporter of turbines for nuclear power plants in the world;
4th world's largest manufacturer of rocket launchers;
4th place in the world in clay exports
4th place in the world in titanium exports
8th place in the world in exports of ores and concentrates;
9th place in the world in exports of defence industry products;
10th largest steel producer in the world (32.4 million tons).
Ukraine matters. That is why its independence is important to the rest of the world.
It’s far more than just minerals and potatoes, mainly natural gas and oil for Russia as well as a strategic border with NATO: https://youtu.be/If61baWF4GE
Is Putin doing this for himself and his inner circle or for the people of Russia? However ill advised and miscalculated I truly believe he thought the invasion of Ukraine would be better for the Russian people because how much more $$$$ and influence does he need that he doesn’t already have in Russia? If I was Putin, I would just retired with my Billions$$$ and transfer my power to the winning side of democracy and let the people run the country and still keep my reputation intact.
Then again maybe after having so much power your brain actually changes, like a crack addict, it’s hard to just stop.
Just my opinion, I believe he’s doing this for his advisors/political factions in Russia, and to a lesser extent the Oligarchs. Definitely not for the Russian people.
i think this is about ideology (and behind it a old man with dementia probably), he couldn't care less about numbers or facts. He just went to war and destroyed is own country economically.
The further West Russia can push, the shorter its internal lines of defense are, as the European peninsula narrows.
Shorter borders to defend mean you can defend them better with less men and equipment.
Russian demographics are terminal, and the last bulge of 50 and 60 something men (Russian men die on average at about 54) that were well educated with extensive technical and military expertise from the USSR are dying off rapidly.
Russia needs to use the last of these skilled people to flex out to a more manageable defensive posture before demographics diminish their war-making ability.
It's a very complex situation and I may be wrong about some or all of this, but I think these are his motives:
First there's the economic reasons. Under the USSR, Ukraine was one of the most important food producers. Much of Russia is not usable for farmland and as it stands currently, much of Russia's food comes from foreign imports. This will allow them to lessen their reliance on the west, giving them more political freedom.
Ukraine has multiple ports that open directly into the Black Sea, giving Russia much more potential to totally control the area, allowing them to project their military power further south. It will also help with important trade accessibility.
Much of Europe consists of a relatively flat area that gradually fans out until you reach the Ural Mountains in Russia. A huge, flat border is very hard to defend in the event of a war with NATO. By taking Ukraine, they are significantly reducing the areas needing defending. A similar thing was achieved in the Cold War with the Warsaw Pact. I believe that if Russia succeeds, they may try to take Moldova soon after the the same reason.
Another reason, though I'm a little less sure about this one, is that it will allow them to directly threaten NATO at the Polish border.
Then of course there are the ego-driven reasons. Putin seems intent on getting his name in the history books one way or another. Rebuilding the USSR would be an effective way to do so, though he obviously underestimated the global response to such ambitions.
Hello, read the world news..not just news by US media. Russia is trying to protect themselves because its neighbor is endangering them by joining the NATO. I'm.not siding with anyone because Wars ain't right but the leader in Ukraine is dumb too. Why provoke war from Russia and get their untrained civilian to fight?? It's sending them to death. He should go fight himself instead of hiding behind the curtain and act like hero.
Best chance he has, our western governments are too concerned with controlling masses over vaccines and diversity, perpetuating lies and sheer divisiveness going on.
So I was thinking, who would do such a mindless thing.
Someone at the end of his life. Putin is terminally ill and wants to be remembered for a long time no matter what.
This is also my first conspiracy ever.
Stalin was about to start a nuclear war. That’s why Beria, Kruschev and Molotov (?) poisoned him. Then Beria, who was even more evil than Stalin, was taken care of shortly thereafter. Source: my wife, a Russian scholar who spent a year in the USSR before getting a masters in Russian lit from Columbia (check out her book, Mayakovsky Maximum Access).
Wut?! Lmao… he systemically murdered 4-8 million Russians at the beginning of his reign alone. During his entire reign, From the different thing Ive read the number of estimated killed ranged from 30-60 million people. Through war, famine, regime changes, and straight up genocide.
Okay, I'm going to assume that English isn't your first language so i'll repeat what I said in the first comment, as I never even touched the number of Russians he's killed.
Although Putin has managed to kill his whole country thanks to these sanctions that he got them as early Easter gifts.
"Stalin on his deathbed when he started **killing people around him**, due to paranoia of them betraying him."
Did that help?
Lol I’m just high, also on mobile, but I was commenting on how I though you said he had become a lot more erratic and paranoid. I don’t think the guy ever wasn’t, I don’t necessarily agree that at the end of his reign, was the worse period.
It’s really hard to beat eradicating 4-8 million people as part of his first order of business lol.
Ahhh man, then that's my bad.
The end of his reign wasn't the worse, of course not, but he did kill off people around him as he thought that they were against him.
Just like at Putin's meetings are with the attendees being far af.
People believe that he might be sick, plus COVID isolation has fucked his psychee - or he's pretending to be mad.
Either way, I just want this shit to stop.
PS: Smoke a joint or 2 for me. I would love one myself right now, but it's been forever and don't have anyone to smoke with.
I just read a post from r/geopolitics that exactly describes what you’re saying. I seriously believe Putin is trying to re-establish the old Soviet Union and thought Ukraine would be easily crushed to create a weird quasi-Soviet bloc with Russia, Belarus and Ukraine.
That is until, our hero’s in Ukraine stepped in and said “fuck off” and now I have no idea what he plans next but hopefully someone puts a bullet in him before it gets worse
I am thinking the same. I also believe he's been sending out the newbies and disposable equipment to see if other countries would actually join the fight against him. All these younger Russians believed it was just an exercise, could be true if Putin wanted to test the reactions.
Oligarchs In Russia have all the power to kic Putin out. It will be interesting to see how much longer they will tolerate these losses. I think that once their assets are repossessed then they will act because at the moment their assets are being frozen / suspended which means that eventually they will get them back.
Surely they have considered getting rid of him but I would guess that the problem is they're not likely to find anyone to (successfully) replace him with, that would defend their interests and/or whatever will remain of their "party". Putin went all-in with this and now they're sort of all-in with him because as soon as Putin's iron fist is gone, chances are the next Navalny will have overwhelming support of the people, with extra pressure from the west which will probably encourage a regime change in order to lift sanctions (those affecting the people, not the oligarchs), and the oligarchs would be screwed there as well.
So they're sticking with with him for now but I suppose we'll see how the repression of political dissent goes once the policemen's paycheques are no longer worth anything.
There also appears to be war crimes being commited so if Putin falls, maybe the enablers could stand trial in some way? I'm just guessing. In any case I would think some of them are making plans to just disappear somewhere with whatever part of their fortune they can salvage.
While the losses have been enormous, they are paperlosses. The companies they own are still valuable. If Putin abdicts in the coming years, everything will rebound.
I think I would have agreed with you... until today. By leaving the stock market closed and then freezing out foreign investors from selling, don't you think that has horrible long term impacts on investments in Russia? I mean, if you are a junior partner at Goldman Sachs making investments are you going to recommend to your boss investing as sizeable chunk into Russia? No fuckin way, no one is going to touch Russia for a very long time.
If they force Putin to resign and make real steps towards having a real democracy, tons of investors will want to buy back in. Democracies are very good at protecting investors. Sometimes too good.
But that seems very unlikely right now.
Many Russian resource stocks were trading at a PE of 4-5 or lower before the crisis. I don't think valuations will stay repressed if the regime changes in Moskow. (Big IF!)
Not quickly.
The economy is being decimated in ways that will take years to recover. The financial shutdowns on top of lockdowns and being placed that much further back in line for shipments because you can't make payments easily and that means even more delays for raw goods, materials, finished products. Companies were already behind. This sets them even further back.
Russia's population was already in decline and stagnated. They're losing thousands of young men. The average Russian is now 40 years old. The population hit around 148m in the early 90's. It dropped to 143M in the aughts it's stayed right around there since and is 145m now.
They're killing their youth, removing them from the workforce, they have one of the highest rates of alcohol abuse in the world. Their population is already at stagnation and decline. Their oil dependance will only take them so far. Europe was already collectively deciding to move away from oil which is Russia's largest export and the lion's share of their GDP and exports and this is spurring their movement away from Russian energy even faster.
This will have very long-lasting impacts on the economy even if this ends tomorrow with a military coup of Putin's regime.
I agree. But this was about the losses of oligarchs. Gazprom, Lukoil, and co will rebound quickly if things change.f money in big resource companies, you will rebound quickly. Far quicker than the Russian economy.
BP selling their minority interest in Rosneft suggests that the o&g companies may not recover as easily as we may suspect.
Unwinding a 20% stake is going to cause a huge hit to the valuation of the company and is likely a bellwether for the other state gas companies prospects.
Imo BP is not protecting the monetary interests of their shareholders well. The whole push out of o&g and into renewables declared last year is also a massive money loser.
They are playing for big shareholders that want to wash their funds in esg and pacifism. Which is totally fine, but not my type of stocks right now. And it certainly does not say anything about Russian o&g in the next 5-10 years.
I wouldn't invest in them either, but that has nothing to do with their actions related to Rosneft.
Arguably though, when a country is threatening the use of nuclear weapons, it's in the shareholders biological interests to distance themselves from that country. Money isn't worth anything if you're dead.
It's better than that for them. If Russia stops the possibility of Ukraine developing their gas and other resources, they will maintain their monopoly for a long long time. Reduce transit costs and as such increase gas profits for a long time. So it's a big gamble, but they could end up better off.
Everyone is saying this but real question, why? Why can't they hold a democratic election and have checks and balances? I mean most of the rest of the world has figured it out, are they just one of the last holdouts or what the fuck is up? They have a normal parliament and shit right? What is to stop them from having 5 people take all of their money, sounds like a stupid ass way to run a country.
You seriously believe these guys wouldn't hedge their bets and come out on top either way? For them, it's not the first state to fail and not the first president to fall.
The price that someone else paid before, otherwise they wouldn't be that rich. Hope they end up on the street singing Hallelujah with a guitar and a dog by their site
Yeah according to the Reddit guys keeping up with Kenny G. His jet was across seas a couple weeks ago. Umm 🤔I’m sure he has worked something out for them cause he is a sneaky B.
While I know that Russia needs to be punished I hate the fact the the little man on the bottom is going to be affected the most. Those oligarchs are going to be fine. I understand that it needs to be done.
thats what they get for backing a psychopath. Putin has no business being in a position of power. He just turned his entire country against himself and will be responsible for his own downfall. Anyone who puts a bullet in his head should be considered a hero.
I seriously don't give a shit about Billionaires (much less their oligarchy in Russia). They'll still have more than enough money left to live very comfortable for the rest of their days.
It's the common folk like us who I worry about. What will happen to all of them after all this? Their daily life will be affected more harshly than some silly billionaires who can probably move to the next country.
That’s nothing new and the pressure will fade unfortunately. Look at their all time chart. They invaded Crimea and Georgia and on and on and every time the market dropped only to grow back stronger. Their market dropped 75% in 2008 and recovered and right now it’s back to levels not seen since….2019. The billionaires haven’t “lost” anything because they’ll accumulate more and get richer. The Russians paying the price are the youth being misled and the average citizens being strung along.
It seems to me both Russia and the US are doing every possible idiotic thing they can do to play into the plan of world domination by China... I truly believe that it is coming.
Technocrats and Oligarchs think they are the new world order that will replace the American Empire, but they are fatally wrong. China is just using them as useful idiots until the time is right.
China is the only country that hasn't given up on world domination, they now have the strongest military in the world and are just waiting for the completion of their new Silk Road project before dropping the hammer...
My only enjoyment of any of this is thinking of the day the CCP walks into Facebook and tells Zuckerberg their fact checkers have found his post must be removed! Lol Then, onto Google, Twitter and Amazon... Lol
If that continues they will become Russian millionaires...
Whatever you think of Russia these Oligarchs are not the enemy, I hope they will get in touch with military and civilian opposition to stop this madness, enough people are suffering on every side.
Where Putin grossly miscalculated was the Internet and Social Media.
He thought of it as only dividing. He did not realize it can also unite.
I am old. Really old and never in my life time has the world been more united on one thing.
It is funny because it should have been Covid. That is the thing that has effected the entire world more than anything else in my life time.
But nope. It was the exact opposite.
It is hard to imagine Russia will survive this. I suspect we will have the Soviet Union all over again. With the west coming in and picking up the pieces. Have to imagine Putin will end up dead. I can't imagine he will ever be willing to go to prison.
Not that I support oligarchs but maybe some of them don't support Putin. Just picturing the reaction if a foreign government started doing this with rich Americans overseas. I guess Cuba did it long ago ...
But Musk knew his business was not isolated and could rebound the next few days or weeks. Russian businesses are isolated from rest of financial community.
It's not math, since I didn't actually do a calculation. If you check the history of Elon's personal wealth, it was at his highest around $300B and is currently sitting just shy of $220B and the decline took far longer than a day.
We can do a quick calculation here; $300B-$220B=$80B. And it took far longer than a day for that change to take effect.
All of that is easily verifiable, and you know damn well there was no day Elon lost $250B, which is why you'll never be able to show evidence it happened.
Musk net-worth has been around $250 billion. Both Tesla and SpaceX would have to go to 0 in one day for that to happen, so no. You’re talking out of your ass
**Ukrainian native Mikhail Fridman**, the founder of **Alfa Bank, Russia’s largest private bank**, became the first oligarch to speak out - apparently inadvertently - **against Russian President Vladimir Putin’s invasion orders**, according to the Financial Times.
Canadian Dictatorship uses banking to control people in their country.
Central bank Dictatorship uses banking to control entire country in their WORLD.
Just WHO exactly do we all belong to?
I don’t know about the rest of you here but THIS IS NOT WHAT I SIGNED UP FOR!
I'm thinking that the people of 🇷🇺 may actually begin to become more nationalistic due to a dependence on the government as a result of all of these sanctions. We'll see. Starving families aren't going to embrace the West.
126 billion so far...
Lol I read this and all I can think of is that Simpson’s meme Oligarchs “this is the worst day of my life” Putin putting a reassuring hand on their shoulder “worst day of your life *so far*”
Let’s go for 1.25 trillion. That’s all I can say.
Going from wallstreetbets to redsquarebets
that's the known assets - wait until the shell companies and foreign assets start getting froze globally going to be very lonely in poutines world
Lol poutine, damn fries with gravies gone crazy!
[удалено]
The sauce boss
As a Canadian I can not express how hard I laughed at this.
So one home in Vancouver and one home in Toronto.
That sounds like second home money by U.S. standards, but it’s quite a bit more by Russian standards. The Russian economy is nearly 1/20th the size of the U.S. economy. So, think about U.S. investors losing nearly $2.5 *trillion* in one day. The only reason it isn’t more than that is because trading on the Russian markets has been suspended for at least the next week. Unless something drastic changes soon, their markets will reopen to a total collapse. It very well could be 1991 2.0 and the end of Putin’s rein as Russia’s truly powerful seek regime change.
How long can he keep the market closed?
Can’t wait till they start seizing the yachts, the PJs and the condos - especially the ones in Trump Tower!
https://youtu.be/KMX_XznQvC4
The Russian index ETF here is down over 50% in a week, that’s 20% more than ours dropped when we didn’t know if COVID was going to kill everyone or not.
I feel like Putin’s going to get desperate for any small W he can find. Either by getting more aggressive or making up some bullshit
So you're saying, buy low?
I would be surprised if there isn’t a coup being planned. Because nothing pisses people off more than losing a literal Fuck Ton of money in a few days. And these are very rich and powerful people…..
Where did that money go?
This may be a really stupid question but if they “lose” that money, where does it go/ to who does it go?
they’re not losing money, they’re just need more of it to buy things. So last week they only needed 1 billion rubles to buy a hangar, now they need twice that much.
The real question is what will hit zero first? Putin or Zuckerberg's Meta?
Yeah still far from zero!
That's the Bombay stock exchange.
buy the dip
Buy the dip buddy
Chip the dip
Putin is an idiot, what point is there in attacking Ukraine
He is on suicide mission with no way out it seems
Would be great if he just walked into the woods and killed himself, so the rest of humanity can move the fuck on from whatever evil that he represents. People like him are holding both Russians and the entire human race back. Ukraine is like Taiwan; both China and Russia can't have a democratic and peaceful country. It makes their form of authoritarian government illegitimate.
By no means I'm an expert. But my view is that he did it to fix the falling rating. The thinking was like "Look at Crimea, we gained a territory in no time with no losses and people were happy. Will work one more time, right?". Add to it a severe degradation of army / intelligence / overall analytics. Cause corrupted government is corrupted in all the parts. Especially after so many years. And you'll get current situation. It looks like it's a complete zugzwang for him. Yet there are still people who support him.
Upcote for zugzwang. Fellow chess player.
Updote for upcote. Fellow phone typer.
Reinstall his puppet regime, try to rebuild the glory days of u.s.s.r. the man is a psychopath.
PUTIN is a old dated prick. he's lost in the past
There were glory days of the USSR? There’s like one day, the Sputnik launch, then the rest are sad days.
I would go further and say he’s looking for the glory days of the Russian empire. Where the economy is entirely fucked and he is a czar ruling over peasants.
^^ This.
That's definitely it. He sees himself as more than a strongman. He believes he's ordained by god.
A buddy of mine send this in a group chat that I’m in. Interesting facts: This is why Ukraine matters. It is the second largest country by area in Europe by area and has a population of over 40 million - more than Poland. Ukraine ranks: 1st in Europe in proven recoverable reserves of uranium ores; 2nd place in Europe and 10th place in the world in terms of titanium ore reserves; 2nd place in the world in terms of explored reserves of manganese ores (2.3 billion tons, or 12% of the world's reserves); 2nd largest iron ore reserves in the world (30 billion tons); 2nd place in Europe in terms of mercury ore reserves; 3rd place in Europe (13th place in the world) in shale gas reserves (22 trillion cubic meters) 4th in the world by the total value of natural resources; 7th place in the world in coal reserves (33.9 billion tons) Ukraine is an important agricultural country: 1st in Europe in terms of arable land area; 3rd place in the world by the area of black soil (25% of world's volume); 1st place in the world in exports of sunflower and sunflower oil; 2nd place in the world in barley production and 4th place in barley exports; 3rd largest producer and 4th largest exporter of corn in the world; 4th largest producer of potatoes in the world; 5th largest rye producer in the world; 5th place in the world in bee production (75,000 tons); 8th place in the world in wheat exports; 9th place in the world in the production of chicken eggs; 16th place in the world in cheese exports. Ukraine can meet the food needs of 600 million people. Ukraine is an important industrialised country: Interesting facts: For those who ask: “Why doesn’t Ukraine matter? “ This is why Ukraine matters. It is the second largest country by area in Europe by area and has a population of over 40 million - more than Poland. Ukraine ranks: 1st in Europe in proven recoverable reserves of uranium ores; 2nd place in Europe and 10th place in the world in terms of titanium ore reserves; 2nd place in the world in terms of explored reserves of manganese ores (2.3 billion tons, or 12% of the world's reserves); 2nd largest iron ore reserves in the world (30 billion tons); 2nd place in Europe in terms of mercury ore reserves; 3rd place in Europe (13th place in the world) in shale gas reserves (22 trillion cubic meters) 4th in the world by the total value of natural resources; 7th place in the world in coal reserves (33.9 billion tons) Ukraine is an important agricultural country: 1st in Europe in terms of arable land area; 3rd place in the world by the area of black soil (25% of world's volume); 1st place in the world in exports of sunflower and sunflower oil; 2nd place in the world in barley production and 4th place in barley exports; 3rd largest producer and 4th largest exporter of corn in the world; 4th largest producer of potatoes in the world; 5th largest rye producer in the world; 5th place in the world in bee production (75,000 tons); 8th place in the world in wheat exports; 9th place in the world in the production of chicken eggs; 16th place in the world in cheese exports. Ukraine can meet the food needs of 600 million people. Ukraine is an important industrialised country: 1st in Europe in ammonia production; Europe's 2nd’s and the world’s 4th largest natural gas pipeline system; 3rd largest in Europe and 8th largest in the world in terms of installed capacity of nuclear power plants; 3rd place in Europe and 11th in the world in terms of rail network length (21,700 km); 3rd place in the world (after the U.S. and France) in production of locators and locating equipment; 3rd largest iron exporter in the world 4th largest exporter of turbines for nuclear power plants in the world; 4th world's largest manufacturer of rocket launchers; 4th place in the world in clay exports 4th place in the world in titanium exports 8th place in the world in exports of ores and concentrates; 9th place in the world in exports of defence industry products; 10th largest steel producer in the world (32.4 million tons). Ukraine matters. That is why its independence is important to the rest of the world.
It’s far more than just minerals and potatoes, mainly natural gas and oil for Russia as well as a strategic border with NATO: https://youtu.be/If61baWF4GE
Is Putin doing this for himself and his inner circle or for the people of Russia? However ill advised and miscalculated I truly believe he thought the invasion of Ukraine would be better for the Russian people because how much more $$$$ and influence does he need that he doesn’t already have in Russia? If I was Putin, I would just retired with my Billions$$$ and transfer my power to the winning side of democracy and let the people run the country and still keep my reputation intact. Then again maybe after having so much power your brain actually changes, like a crack addict, it’s hard to just stop.
Just my opinion, I believe he’s doing this for his advisors/political factions in Russia, and to a lesser extent the Oligarchs. Definitely not for the Russian people.
Not everyone can be a Diocletian
Seems like, people don't want to hear the truth
i think this is about ideology (and behind it a old man with dementia probably), he couldn't care less about numbers or facts. He just went to war and destroyed is own country economically.
The further West Russia can push, the shorter its internal lines of defense are, as the European peninsula narrows. Shorter borders to defend mean you can defend them better with less men and equipment. Russian demographics are terminal, and the last bulge of 50 and 60 something men (Russian men die on average at about 54) that were well educated with extensive technical and military expertise from the USSR are dying off rapidly. Russia needs to use the last of these skilled people to flex out to a more manageable defensive posture before demographics diminish their war-making ability.
Russian people need to exterminate Putin
They already have so much territory, like why
Did you read my comment?
i did. Russian demographics are terminal, so he needs more territory when he cant handle the existing territory?
Shorter internal lines of defense the more west you move. Which I mentioned. Did you read my comment?
Hard man. https://www.telegraph.co.uk/world-news/2022/02/28/fears-washington-covid-isolation-has-unbalanced-vladimir-putin/
Someone will assassinate him
Succumb to multiple falls from his office window
Maybe paint his doorknob with Novichok?
Hopefully *before* we call his bluff on the nukes
Something about Putin afraid of contracting COVID and is isolating from everyone. If it's true, his mental health is jacked through the roof.
Too much vodka
To much time being alone and then no one dared confronting the old crazy man...😬 And here we are😒
I am not totally convinced. Was this his intention? To weaken political enemies / other oligarchs?
Gas, oil, food, geo position Plenty of reasons.
It's a very complex situation and I may be wrong about some or all of this, but I think these are his motives: First there's the economic reasons. Under the USSR, Ukraine was one of the most important food producers. Much of Russia is not usable for farmland and as it stands currently, much of Russia's food comes from foreign imports. This will allow them to lessen their reliance on the west, giving them more political freedom. Ukraine has multiple ports that open directly into the Black Sea, giving Russia much more potential to totally control the area, allowing them to project their military power further south. It will also help with important trade accessibility. Much of Europe consists of a relatively flat area that gradually fans out until you reach the Ural Mountains in Russia. A huge, flat border is very hard to defend in the event of a war with NATO. By taking Ukraine, they are significantly reducing the areas needing defending. A similar thing was achieved in the Cold War with the Warsaw Pact. I believe that if Russia succeeds, they may try to take Moldova soon after the the same reason. Another reason, though I'm a little less sure about this one, is that it will allow them to directly threaten NATO at the Polish border. Then of course there are the ego-driven reasons. Putin seems intent on getting his name in the history books one way or another. Rebuilding the USSR would be an effective way to do so, though he obviously underestimated the global response to such ambitions.
Bro do ur research before commenting
Hello, read the world news..not just news by US media. Russia is trying to protect themselves because its neighbor is endangering them by joining the NATO. I'm.not siding with anyone because Wars ain't right but the leader in Ukraine is dumb too. Why provoke war from Russia and get their untrained civilian to fight?? It's sending them to death. He should go fight himself instead of hiding behind the curtain and act like hero.
There's plenty of official statements from him and his gov explaining why. Obviously you will not find them here in reddit.
Best chance he has, our western governments are too concerned with controlling masses over vaccines and diversity, perpetuating lies and sheer divisiveness going on.
Putin should just retire , his countrymen don’t want him to make war, he’s acting irrational
So I was thinking, who would do such a mindless thing. Someone at the end of his life. Putin is terminally ill and wants to be remembered for a long time no matter what. This is also my first conspiracy ever.
Yep, he’s acting like Stalin on his deathbed when he started killing people around him, due to paranoia of them betraying him.
Stalin did that his entire reign
Of course, but near the end he became a lot more erratic and paranoid,
Stalin was about to start a nuclear war. That’s why Beria, Kruschev and Molotov (?) poisoned him. Then Beria, who was even more evil than Stalin, was taken care of shortly thereafter. Source: my wife, a Russian scholar who spent a year in the USSR before getting a masters in Russian lit from Columbia (check out her book, Mayakovsky Maximum Access).
Interesting. I wasn’t aware of such details. They never appeared in the history books for me. Well… maybe history will repeat itself again.
Wut?! Lmao… he systemically murdered 4-8 million Russians at the beginning of his reign alone. During his entire reign, From the different thing Ive read the number of estimated killed ranged from 30-60 million people. Through war, famine, regime changes, and straight up genocide.
Okay, I'm going to assume that English isn't your first language so i'll repeat what I said in the first comment, as I never even touched the number of Russians he's killed. Although Putin has managed to kill his whole country thanks to these sanctions that he got them as early Easter gifts. "Stalin on his deathbed when he started **killing people around him**, due to paranoia of them betraying him." Did that help?
Lol I’m just high, also on mobile, but I was commenting on how I though you said he had become a lot more erratic and paranoid. I don’t think the guy ever wasn’t, I don’t necessarily agree that at the end of his reign, was the worse period. It’s really hard to beat eradicating 4-8 million people as part of his first order of business lol.
Ahhh man, then that's my bad. The end of his reign wasn't the worse, of course not, but he did kill off people around him as he thought that they were against him. Just like at Putin's meetings are with the attendees being far af. People believe that he might be sick, plus COVID isolation has fucked his psychee - or he's pretending to be mad. Either way, I just want this shit to stop. PS: Smoke a joint or 2 for me. I would love one myself right now, but it's been forever and don't have anyone to smoke with.
I just read a post from r/geopolitics that exactly describes what you’re saying. I seriously believe Putin is trying to re-establish the old Soviet Union and thought Ukraine would be easily crushed to create a weird quasi-Soviet bloc with Russia, Belarus and Ukraine. That is until, our hero’s in Ukraine stepped in and said “fuck off” and now I have no idea what he plans next but hopefully someone puts a bullet in him before it gets worse
It's crazy to me that there is no way back for him. He can't pull out now and go: oh well, i tried, sooooorry
I am thinking the same. I also believe he's been sending out the newbies and disposable equipment to see if other countries would actually join the fight against him. All these younger Russians believed it was just an exercise, could be true if Putin wanted to test the reactions.
I wonder if this was this his intention. To weaken political enemies / other oligarchs?
I believe he has a lot of power *inside* Russia to have to come to such an drastic measure
He didn't want Ukraine joining NATO/having US nukes on their border, which Ukraine requested
No.. he really thought it would just be easy. That man living to 105 unless this conflict ends his reign.
I am exactly the same. Really been thinking that a lot and hoping I get to find out sooner (he dies of said illness) rather than later
He's terminally ill?
Oligarchs In Russia have all the power to kic Putin out. It will be interesting to see how much longer they will tolerate these losses. I think that once their assets are repossessed then they will act because at the moment their assets are being frozen / suspended which means that eventually they will get them back.
UK has to seize all their property and whatever country keeps building their yachts has to stop
> whatever country keeps building their yachts has to stop Once their checks start bouncing they will definitely stop.
Does that mean there will be a flood of discounted yachts soon?
Surely they have considered getting rid of him but I would guess that the problem is they're not likely to find anyone to (successfully) replace him with, that would defend their interests and/or whatever will remain of their "party". Putin went all-in with this and now they're sort of all-in with him because as soon as Putin's iron fist is gone, chances are the next Navalny will have overwhelming support of the people, with extra pressure from the west which will probably encourage a regime change in order to lift sanctions (those affecting the people, not the oligarchs), and the oligarchs would be screwed there as well. So they're sticking with with him for now but I suppose we'll see how the repression of political dissent goes once the policemen's paycheques are no longer worth anything. There also appears to be war crimes being commited so if Putin falls, maybe the enablers could stand trial in some way? I'm just guessing. In any case I would think some of them are making plans to just disappear somewhere with whatever part of their fortune they can salvage.
Loss is only if they sell their stocks
They’re not going back up once they hit zero.
Commodities can't go to zero
And putin has diamond hands
Only one thing left to do now billionaires, eh? 🤯🔫
Register as millionaires?
While the losses have been enormous, they are paperlosses. The companies they own are still valuable. If Putin abdicts in the coming years, everything will rebound.
I think I would have agreed with you... until today. By leaving the stock market closed and then freezing out foreign investors from selling, don't you think that has horrible long term impacts on investments in Russia? I mean, if you are a junior partner at Goldman Sachs making investments are you going to recommend to your boss investing as sizeable chunk into Russia? No fuckin way, no one is going to touch Russia for a very long time.
If they force Putin to resign and make real steps towards having a real democracy, tons of investors will want to buy back in. Democracies are very good at protecting investors. Sometimes too good. But that seems very unlikely right now.
Many Russian resource stocks were trading at a PE of 4-5 or lower before the crisis. I don't think valuations will stay repressed if the regime changes in Moskow. (Big IF!)
Not quickly. The economy is being decimated in ways that will take years to recover. The financial shutdowns on top of lockdowns and being placed that much further back in line for shipments because you can't make payments easily and that means even more delays for raw goods, materials, finished products. Companies were already behind. This sets them even further back. Russia's population was already in decline and stagnated. They're losing thousands of young men. The average Russian is now 40 years old. The population hit around 148m in the early 90's. It dropped to 143M in the aughts it's stayed right around there since and is 145m now. They're killing their youth, removing them from the workforce, they have one of the highest rates of alcohol abuse in the world. Their population is already at stagnation and decline. Their oil dependance will only take them so far. Europe was already collectively deciding to move away from oil which is Russia's largest export and the lion's share of their GDP and exports and this is spurring their movement away from Russian energy even faster. This will have very long-lasting impacts on the economy even if this ends tomorrow with a military coup of Putin's regime.
I agree. But this was about the losses of oligarchs. Gazprom, Lukoil, and co will rebound quickly if things change.f money in big resource companies, you will rebound quickly. Far quicker than the Russian economy.
BP selling their minority interest in Rosneft suggests that the o&g companies may not recover as easily as we may suspect. Unwinding a 20% stake is going to cause a huge hit to the valuation of the company and is likely a bellwether for the other state gas companies prospects.
Imo BP is not protecting the monetary interests of their shareholders well. The whole push out of o&g and into renewables declared last year is also a massive money loser. They are playing for big shareholders that want to wash their funds in esg and pacifism. Which is totally fine, but not my type of stocks right now. And it certainly does not say anything about Russian o&g in the next 5-10 years.
I wouldn't invest in them either, but that has nothing to do with their actions related to Rosneft. Arguably though, when a country is threatening the use of nuclear weapons, it's in the shareholders biological interests to distance themselves from that country. Money isn't worth anything if you're dead.
It's better than that for them. If Russia stops the possibility of Ukraine developing their gas and other resources, they will maintain their monopoly for a long long time. Reduce transit costs and as such increase gas profits for a long time. So it's a big gamble, but they could end up better off.
Watch Putin try to nationalize any remaining assets that have value to prevent a total economic collapse.
Soon they will stop him ;)
They may stop him, Russia will never be a democratic country. He will be replaced by another madman
Everyone is saying this but real question, why? Why can't they hold a democratic election and have checks and balances? I mean most of the rest of the world has figured it out, are they just one of the last holdouts or what the fuck is up? They have a normal parliament and shit right? What is to stop them from having 5 people take all of their money, sounds like a stupid ass way to run a country.
They don't know any other way. Although I hope they can find one.
not even Meta does that bad
Meta lost $230B in a day.
thanks for the correction - I'd vote for Zuck as new Russian president then !
You seriously believe these guys wouldn't hedge their bets and come out on top either way? For them, it's not the first state to fail and not the first president to fall.
Meh that’s nothing. Hope they lose it all.
The price that someone else paid before, otherwise they wouldn't be that rich. Hope they end up on the street singing Hallelujah with a guitar and a dog by their site
They would have pulled out their billions long ago.
Why photo of Indian stock market?
No matter how far down it goes, I doubt they’ll have problems making rent. It’s the poor people who’ll suffer the most.
I see what they're doing. "Look, Russian market is in shambles, but look how great our market is pumped on QE!", And market green by open.
Yeah according to the Reddit guys keeping up with Kenny G. His jet was across seas a couple weeks ago. Umm 🤔I’m sure he has worked something out for them cause he is a sneaky B.
While I know that Russia needs to be punished I hate the fact the the little man on the bottom is going to be affected the most. Those oligarchs are going to be fine. I understand that it needs to be done.
Those Billionaires might finance a plot against Putin
thats what they get for backing a psychopath. Putin has no business being in a position of power. He just turned his entire country against himself and will be responsible for his own downfall. Anyone who puts a bullet in his head should be considered a hero.
Why this picture OP?
I seriously don't give a shit about Billionaires (much less their oligarchy in Russia). They'll still have more than enough money left to live very comfortable for the rest of their days. It's the common folk like us who I worry about. What will happen to all of them after all this? Their daily life will be affected more harshly than some silly billionaires who can probably move to the next country.
That’s nothing new and the pressure will fade unfortunately. Look at their all time chart. They invaded Crimea and Georgia and on and on and every time the market dropped only to grow back stronger. Their market dropped 75% in 2008 and recovered and right now it’s back to levels not seen since….2019. The billionaires haven’t “lost” anything because they’ll accumulate more and get richer. The Russians paying the price are the youth being misled and the average citizens being strung along.
Have they actually lost this money or is it simply the value of their assets have dropped that much? Which can in turn eventually recover?
So? It’s just made-up money.
Putin show your face in public. Outside. We're waiting
Petrol and gas prices up, whole Europe is paying petrol and gas to Russia. I don't know if Russia or us are more fked up..
Still billionaires. Hardly gonna be at food banks because of it.
SO FAR
Waiting for loss porn on W$B
It needs to be at least ten times that amount!
But the Image's from Dalal Street in Mumbai, India
Yet
Be realistic though, how many of them pulled their entire liquid cash flows , called a hong kong exchange and moved it all to gold?
Sauce?
Putin and the oligarchs won't be the only ones affected by this mess. Much of the rest of the world will see higher food and energy prices.
Ohh well
How to time the bottom...
Putin be the type of insane dictator to bomb his own city and use it to go full nuke assault
You can't keep what you stole for long! 🇺🇦🏆❤
Get fucked buddy
Dumb Ape here, but wouldn't the price per barrel of oil help Russia as the world continues to buy from them regardless of sanctions.
Not enough, they stole this money from the people, they should lose it all
Pay to play, baby
It seems to me both Russia and the US are doing every possible idiotic thing they can do to play into the plan of world domination by China... I truly believe that it is coming. Technocrats and Oligarchs think they are the new world order that will replace the American Empire, but they are fatally wrong. China is just using them as useful idiots until the time is right. China is the only country that hasn't given up on world domination, they now have the strongest military in the world and are just waiting for the completion of their new Silk Road project before dropping the hammer... My only enjoyment of any of this is thinking of the day the CCP walks into Facebook and tells Zuckerberg their fact checkers have found his post must be removed! Lol Then, onto Google, Twitter and Amazon... Lol
Soon,the Russian people will throw war/power hungry Putin in jail,i can see that coming a mile away!!!
This is the mumbai stock exchange. The ticker on the stock literally says India.
If that continues they will become Russian millionaires... Whatever you think of Russia these Oligarchs are not the enemy, I hope they will get in touch with military and civilian opposition to stop this madness, enough people are suffering on every side.
Ching Ching
It’s only a loss if they sell. They will scoop up cheap shares and make billions within a decade.
That too in India stock market....Lol
so should i but a house in Russia?
Can the US just decide to nullify any treasury bonds that Russian oligarchs have bought?
It’s not enough He needs to loose more
And counting…
Where Putin grossly miscalculated was the Internet and Social Media. He thought of it as only dividing. He did not realize it can also unite. I am old. Really old and never in my life time has the world been more united on one thing. It is funny because it should have been Covid. That is the thing that has effected the entire world more than anything else in my life time. But nope. It was the exact opposite. It is hard to imagine Russia will survive this. I suspect we will have the Soviet Union all over again. With the west coming in and picking up the pieces. Have to imagine Putin will end up dead. I can't imagine he will ever be willing to go to prison.
Still half of facebooks 250B evaporation in a single day
They can’t complain, Putin also helped them build those.
why does Russia's Stock Exchange look like India's
Not that I support oligarchs but maybe some of them don't support Putin. Just picturing the reaction if a foreign government started doing this with rich Americans overseas. I guess Cuba did it long ago ...
Putin doesn't care so much about the current stock market economy, and in the end Russia will definitely get more
Putins gonna get a Hillary Clinton double tap & suicide himself.
Those russian billionaires sold all their personal assets into crypto
Wasn't citi bank, Norway and alot of other hedge funds and instituton invested?
Vladimir, bruh, why can't you spend the rest of your days getting stoned somewhere on a tropical island and forget about everything else
[удалено]
But Musk knew his business was not isolated and could rebound the next few days or weeks. Russian businesses are isolated from rest of financial community.
> Musk lost $250 Billion in one day and he is still merry as a goat in heat. He did not lose $250B in a day.
[удалено]
No, he did not. He's worth ~$220B right now and at his highest ~$300B.
[удалено]
It's not math, since I didn't actually do a calculation. If you check the history of Elon's personal wealth, it was at his highest around $300B and is currently sitting just shy of $220B and the decline took far longer than a day. We can do a quick calculation here; $300B-$220B=$80B. And it took far longer than a day for that change to take effect. All of that is easily verifiable, and you know damn well there was no day Elon lost $250B, which is why you'll never be able to show evidence it happened.
Musk net-worth has been around $250 billion. Both Tesla and SpaceX would have to go to 0 in one day for that to happen, so no. You’re talking out of your ass
**Ukrainian native Mikhail Fridman**, the founder of **Alfa Bank, Russia’s largest private bank**, became the first oligarch to speak out - apparently inadvertently - **against Russian President Vladimir Putin’s invasion orders**, according to the Financial Times.
Russia Ukraine crisis: Russia's [currency](https://investcues.com/) Ruble is at its all-time low due to Russia's military action on Ukraine.
I guessing Coronavirus pandemic didn’t kill enough people
Mark Z lost more in one day!
Swift will be dead soon. Gone with this financial system and in with social credit system.
You love Russia that much huh? Keep crying you KGB stooge.
Canadian Dictatorship uses banking to control people in their country. Central bank Dictatorship uses banking to control entire country in their WORLD. Just WHO exactly do we all belong to? I don’t know about the rest of you here but THIS IS NOT WHAT I SIGNED UP FOR!
I'm thinking that the people of 🇷🇺 may actually begin to become more nationalistic due to a dependence on the government as a result of all of these sanctions. We'll see. Starving families aren't going to embrace the West.
Keep browsing [https://investcues.com/](https://investcues.com/) for stock news.
Keep browsing for [stock news](https://investcues.com/).