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European Politico-economics QA Mega-thread - Page 1336

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Although this thread does not function under the same strict guidelines as the USPMT, it is still a general practice on TL to provide a source with an explanation on why it is relevant and what purpose it adds to the discussion. Failure to do so will result in a mod action.
JimmiC
Profile Blog Joined May 2011
Canada22817 Posts
February 26 2022 16:55 GMT
#26701
--- Nuked ---
Nebuchad
Profile Blog Joined December 2012
Switzerland12486 Posts
February 26 2022 17:05 GMT
#26702
Obviously it's hard to tell exactly what's happening from afar but from what I've read I'm just in awe at how badly this is going for Putin.
No will to live, no wish to die
Sent.
Profile Joined June 2012
Poland9324 Posts
Last Edited: 2022-02-26 17:14:02
February 26 2022 17:13 GMT
#26703
Yeah I was worried the biggest cities in the east will fall in like 2 or 3 days, but it looks like either Ukraine was well prepared to put up some serious resistance or the Russian command is awfully incompetent.
You're now breathing manually
Dav1oN
Profile Joined January 2012
Ukraine3164 Posts
February 26 2022 17:25 GMT
#26704
Kharkiv outskirts were shelled by Grad just now
In memory of Geoff "iNcontroL" Robinson 11.09.1985 - 21.07.2019 A tribute to incredible man, embodiment of joy, esports titan, starcraft community pillar all in one. You will always be remembered!
Gorsameth
Profile Joined April 2010
Netherlands22487 Posts
February 26 2022 17:30 GMT
#26705
On February 27 2022 02:13 Sent. wrote:
Yeah I was worried the biggest cities in the east will fall in like 2 or 3 days, but it looks like either Ukraine was well prepared to put up some serious resistance or the Russian command is awfully incompetent.
I've heard talk of Russia mostly bypassing cities instead of trying to engage in urban warfare.
It ignores such insignificant forces as time, entropy, and death
Vivax
Profile Blog Joined April 2011
22407 Posts
February 26 2022 17:33 GMT
#26706
Afaik Russia said that blocking swift would be seen as act of war and Germany did a quick 180 from when they said they wouldn’t approve of such a measure but apparently being neutral nowadays is not allowed. Fingers crossed we don’t go there.
Erasme
Profile Blog Joined February 2011
Bahamas15899 Posts
February 26 2022 17:42 GMT
#26707
On February 27 2022 01:55 JimmiC wrote:
Show nested quote +
On February 27 2022 01:25 Dav1oN wrote:


I think it could a wonderful idea, please, spread the word

That does sound like a great idea.

It's not like Russia would retaliate upon the families of those soldiers.
https://www.youtube.com/watch?v=d7lxwFEB6FI “‘Drain the swamp’? Stupid saying, means nothing, but you guys loved it so I kept saying it.”
RvB
Profile Blog Joined December 2010
Netherlands6303 Posts
February 26 2022 17:44 GMT
#26708
On February 27 2022 01:08 Sbrubbles wrote:
Show nested quote +
On February 27 2022 00:29 Sermokala wrote:
On February 26 2022 23:40 Acrofales wrote:
On February 26 2022 23:34 PhoenixVoid wrote:
News seems to suggest that the resistance to disconnecting Russia from SWIFT has melted away. There were holdouts like Germany, Italy, Hungary, and Cyprus, but they've all decided to go with it. There's also reporting that the U.S. is considering sanctioning the Russian central bank in conjunction with allies, which holds most of Russia's reserves they've been holding to prepare for being turned into an international pariah. It would also cause the ruble to plummet.


How does sanctioning the Russian central bank work? Do they have a lot of business in dollars?

The SWIFT business makes all transactions incredibly more expensive as they are not secured anymore. Sanctions carry legal weight if a company or an individual does business with said bank.

China even made restrictions on Russian banks to get ahead of any scams that would result from swift going through or business they have in the us being disrupted by us sanctions.


Yeah, from what I understand, a SWIFT ban would make it incredibly difficult for any export/import business to operate. Even if workaround systems make it possible to send and receive foreign funds, would these businesses even be able to find enough credit until they're set up, given existing sanctions? I don't know for certain, but it sounds unworkable.

The Russian government can presumably prop up export industries for a time, either directly or with central bank credit. These companies will try to redirect their business, but how much product can, in practical terms, be competitively sold to China instead of Europe I also have no idea.

That doesn't answer Acrofales question. He wants to know how sanctions against a central bank work not disconnecting the financial system from Swift. I am curious as well but have no idea.
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
February 26 2022 17:45 GMT
#26709
Does anyone know if Riho Terras is reliable? I know he is an EU Official but his thread on Twitter about a supposed Ukrainian Intelligence on Putin and his inner circle seems hard to believe.
"Smokey, this is not 'Nam, this is bowling. There are rules."
Dan HH
Profile Joined July 2012
Romania9236 Posts
February 26 2022 18:01 GMT
#26710
On February 27 2022 02:45 {CC}StealthBlue wrote:
Does anyone know if Riho Terras is reliable? I know he is an EU Official but his thread on Twitter about a supposed Ukrainian Intelligence on Putin and his inner circle seems hard to believe.

I wouldn't pay any mind to people claiming to know what was said by Putin at some Bond villain mountain lair meeting.
Nebuchad
Profile Blog Joined December 2012
Switzerland12486 Posts
February 26 2022 18:03 GMT
#26711
On February 27 2022 02:45 {CC}StealthBlue wrote:
Does anyone know if Riho Terras is reliable? I know he is an EU Official but his thread on Twitter about a supposed Ukrainian Intelligence on Putin and his inner circle seems hard to believe.


It's most likely unreliable, especially since it comes from Ukrainian intelligence. But I'm just commenting because I don't find the content particularly hard to believe
No will to live, no wish to die
Starlightsun
Profile Blog Joined June 2016
United States1405 Posts
February 26 2022 18:05 GMT
#26712
On February 26 2022 23:37 Dav1oN wrote:
Hey guys, it was one more scary night in Kharkiv (although - nothing near what happened in Kyiv), we've managed to sleep a bit better, somewhere early morning I woke up due to artillery shots, luckily it was our defense, if someone interested in what it was, here is a few videos before and after

before + Show Spoiler +

after + Show Spoiler +


Regional city defense is doing rather well, at the moment our biggest concern is saboteur groups. We've gathered with neighbours from two mid-dense civil buildings nearby in our area for protection purposes. Feels like with every minute we're more united


Our thoughts are with you... sounds like the attacks are really starting to intensify. Please take care.
TheTenthDoc
Profile Blog Joined February 2011
United States9561 Posts
Last Edited: 2022-02-26 18:14:43
February 26 2022 18:07 GMT
#26713
On February 27 2022 02:33 Vivax wrote:
Afaik Russia said that blocking swift would be seen as act of war and Germany did a quick 180 from when they said they wouldn’t approve of such a measure but apparently being neutral nowadays is not allowed. Fingers crossed we don’t go there.


I don't think Russia has the gas in the tank (literally or figuratively) to treat blocking SWIFT as an act of war; what would they do, declare war on literally everyone in SWIFT opting to block them? Belgium since that's where it is based? Their military isn't exactly in a position to launch a global offensive, and in this context MAD is working against them instead of for them. It just seems unlikely. Then again, unlikely things happen.

Any politicians who want to suicide their international reputation and prevent the SWIFT block will probably use this talking point to try to save their asses, though.
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
February 26 2022 18:12 GMT
#26714
Well as Ray Arnold said in Jurassic Park. Hold on to your butts.

Russia will be disconnected from the international payment system SWIFT. The official decision has not yet been formalized, but technical preparations for the adoption and implementation of this step have already begun, said Ukrainian Foreign Minister Dmytro Kuleba on his Facebook page.

"We gnawed and gnawed and gnawed at it. All Ukrainian diplomacy worked – from the President of Ukraine to the attaché in the Ukrainian embassy. Ukrainian diplomats dedicate this victory to all defenders of Ukraine," Kuleba wrote.

Sources close to negotiation process on the policy of sanctions told the Ukrainian news outlet LB.ua that after the consent of Hungary and Cyprus, only the position of Germany was preventing the disconnection of Russia from SWIFT. Such step requires the consent of all EU member states. The Radio Free Europe/Radio Liberty's editor, Rikard Jozwiak, has reported that Germany has also given its consent.

SWIFT, which stands for Society for Worldwide Interbank Financial Telecommunications, is controlled by the National Bank of Belgium and central banks from the US, UK, EU, Japan, Russia, China and others. It delivers secure messages to more than 11,000 financial institutions and companies in more than 200 countries and territories.

Only one country was removed from SWIFT in its history. in 2012, Iran was blocked from SWIFT as part of a series of measures aimed at curbing the Islamic Republic's nuclear program.

Ukrainian President Volodymyr Zelensky expressed hope that Germany and Hungary would have the courage to support the decision to disconnect Russia from SWIFT.

"The blood of innocent Ukrainian men, women and children will be on the hands of those who will block Russia's disconnection from SWIFT," Ukrainian Foreign Minister Dmytro Kuleba said earlier. He also called on the world community to completely isolate Russia, expel ambassadors, impose an oil embargo and destroy the aggressor's economy.


Source
"Smokey, this is not 'Nam, this is bowling. There are rules."
Oukka
Profile Blog Joined September 2012
Finland1683 Posts
February 26 2022 18:14 GMT
#26715
Russia isn't declaring war on anyone else while the troops are tied in Ukraine. If the estimates of troops deployed around Ukraine from past few weeks are accurate at all, it's like 75% of their active forces are tied the current war already. They'd need to mobilise reserves and crucially also equip them somehow. No chance.

In a related note, has Russian government or media not been crying against the western weapon and supply aid to Ukraine at all or have I managed to filter out all of it?
I play children's card games and watch a lot of dota, CS and HS
Oukka
Profile Blog Joined September 2012
Finland1683 Posts
Last Edited: 2022-02-26 18:15:28
February 26 2022 18:14 GMT
#26716
Butterfingers doublepost
I play children's card games and watch a lot of dota, CS and HS
Artisreal
Profile Joined June 2009
Germany9235 Posts
Last Edited: 2022-02-26 18:16:13
February 26 2022 18:16 GMT
#26717
On February 27 2022 03:14 Oukka wrote:
Russia isn't declaring war on anyone else while the troops are tied in Ukraine. If the estimates of troops deployed around Ukraine from past few weeks are accurate at all, it's like 75% of their active forces are tied the current war already. They'd need to mobilise reserves and crucially also equip them somehow. No chance.

In a related note, has Russian government or media not been crying against the western weapon and supply aid to Ukraine at all or have I managed to filter out all of it?

I can't believe that Russia has like 750k troops around Ukraine.
passive quaranstream fan
Dan HH
Profile Joined July 2012
Romania9236 Posts
February 26 2022 18:18 GMT
#26718


Germany just committed to directly supplying weapons to Ukraine. I hope the US follows suit.
xM(Z
Profile Joined November 2006
Romania5299 Posts
February 26 2022 18:20 GMT
#26719
the chechens are coming; they'll be used in "hard to take by the russians" engagements. they'll do the dirty work.

(also, a lot of weird takes in here. declaring war on "the whole world" ... can't even unread it)
And my fury stands ready. I bring all your plans to nought. My bleak heart beats steady. 'Tis you whom I have sought.
stink123
Profile Blog Joined November 2009
United States241 Posts
February 26 2022 18:20 GMT
#26720
Hey longtime lurker, I saw some questions on why people think things are going poorly for Russia, here's the general thinking I get from following western commentators:
1. The early warning given by Western intelligence removed their element of surprise. They accurately predicted there would be an invasion, and gave tons of public warnings about it.
2. Russian forces may not be able to sustain the logistics for the invasion, with reports of low fuel and low morale. International sanctions of course, would also have an effect on this. Plus Ukraine is being supported with many modern western weapons, which neutralizes any advantage Russia has in equipment.
3. Taking and holding a city isn't that easy, especially against partisanship. The US had this problem in Iraq and Afghanistan, and Russia itself has had problems with this in previous campaigns.


And as to why Putin would be invading, the thought is that his position in Russia isn't as secure as it looks, and he's in power as long as he's seen as useful and popular towards the oligarchs who control the country. That's why you see him doing these ridiculous photo ops and PR campaigns.

Of course all this is obscured by the fog of war and its hard to say the extent to which any of these factors matter. And of course even if the thinking is right, the war could drag on for months or even a year. (again, like Iraq and Afghanistan).
And definitely its helpful to hear what pro-Russia sources are saying for comparison, to get an idea what they're thinking.
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