Like all the rest of the old Soviet arsenal, the inventory of Air Defense systems is running down, as losses far outstrip new production.
Putin has been blowing a fortune on his war of choice in Ukraine, but like the old Soviet arsenal he inherited, Russian financial assets are also not unlimited.
According to Jason Jay Smart, “Russia is now facing a quagmire: Let up on government spending, triggering cuts in social spending that could hurt Putin’s popularity, or should the Kremlin keep printing rubles, seeking to “bail out” their damaged economy, but thereby creating wider inflation?”
Tomorrow (26 July), the Russian Central Bank meets again, to address the growing inflation in Russia, and they are expected to hike their interest rates further.
Putin’s reign is already worse than Jimmy Carter, for crushing interest rates. Unlike Carter however, Putin’s inflation is not from externally induced oil shocks, but his own destructive choices.
Putin did that.
Good thing they don’t depend on Patriots.
[Tomorrow (26 July), the Russian Central Bank meets again]
I hope all attendees are smart enough to stay away from windows for a while.
“Russian financial assets are also not unlimited.”
Yes, but all they need is enough to outlast Ukraine. Ukraine is screwed unless they agree to negotiations.
Western Crimean airfields are burning tonight.
Saki, Yevpatoria, Dobrushyne and Okunivka in Crimea are all burning tonight.