Well, their warchest mostly consisted of assets in western countries. Most of these were immediately seized. That didn’t completely destroy Russia, but it put them in a far worse situation.
Comment on How is Russia not Financially Crippled?
Thekingoflorda@lemmy.world 5 months ago
As far as I understand they had prepared a pretty big warchest, and gas is still worth a lot and is being sold to countries that didn’t commit to sanctions (like China and India).
Dehydrated@lemmy.world 5 months ago
Jaysyn@kbin.social 5 months ago
And stupidly kept 1/2 of it in Western financial institutions.
We're about to start selling Ukraine NATO weapon systems with what used to be Russian money.
labbbb@thelemmy.club 5 months ago
Pootin also launders oil money offshore, so… all means are good for him.
And yet, he is a “former” KGB officer, a bandit from St. Petersburg who has been involved in dubious schemes since the 90s, so what else could you expect from him…
shortwavesurfer@lemmy.zip 5 months ago
And if that actually happens, then very few countries will trust the US dollar as they reserve anymore and buy up gold as they are already doing.