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You're right actually, I forgot all Russians share a bank account with Putin.
by nmilo 3y ago
You're right actually, I forgot all Russians share a bank account with Putin.
- ponector 3y agoEvery person who use russian currency is sharing accounts with putin. Every transaction is taxed with VAT, which goes to support government and war.
- nlitened 3y agoRight, not the billions paid for Russian oil and gas by western countries.
- ponector 3y agoDo you think that your fact will negate mine? And yes, sanctions are half baked and poorly enforced. "West" continues trading with Russia.
- Aeolun 3y agoNot particularly, but it probably does make yours irrelevant. Russians overseas send a grand total of $5M back to the country every month. Europe purchases a few million tons of oil, $5B/year. Numbers made up, and just for illustrative purposes.
- mlyle 3y ago> Numbers made up, and just for illustrative purposes. Which makes it pretty dishonest, especially when you augment it with mixing month and year ;) > Russians overseas send a grand total of $5M back to the country every month. Remittances to Russian individuals are like $25B/year; this is a whole lot. Yah, oil industry revenues are 10x higher (after having about a 20-30% bite taken out of them by sanctions), but of course, in order to get that revenue a decent chunk of the hard currency has to flow back out of Russia to pay for various O&G related expenses. It would be nice, of course, to trim down the O&G revenues more, but any policy actions that countries take against a hostile state need to hurt the adversary more than themselves, and it's not too clear how to go further on O&G and meet this criteria.