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To: marcusmaximus
https://www.moonofalabama.org/2022/08/how-ukraine-lost-its-riches.html#more

If the Russian forces also take Kryvyi Rih and Dnipro they will have about 75-80% of Ukraine's pre-war GDP under their control. Russia's war effort is currently financed by the 'west' which pays for it through record energy prices created by its own sanctions on Russia.

As the Russian Interfax agency reported yesterday (machine translation):

The positive balance of the current account of the balance of payments of the Russian Federation in January-July 2022 amounted to $166.6 billion, which is 3.3 times more than in the same period in 2021 ($50.1 billion). Such information is contained in the assessment of the balance of payments of the Russian Federation, published on the website of the Bank of Russia.

...

According to the base scenario of the Central Bank’s forecast for 2022, updated in July, with an average annual oil price of $80 per barrel, the current account surplus is expected to be $243 billion, the positive balance of foreign trade in goods and services - $277 billion, and the negative balance of primary and secondary income - $33 billion. If the 'west' really wants to deprive Russia of money it must immediately lift the sanctions and restart importing oil, gas and coal from Russia at then much lower prices.

Russia will not lack money to finance the rebuilding of Novorossiya's great industries. Once that is done those areas are evidently able to support themselves and to guarantee a high standard of living. They will also have enough money to militarily defend themselves against anything the poor rest of Ukraine will be able to finance.

At the end of March, after negotiations between Russia and Ukraine in Turkey, there was nearly an agreement on a ceasefire and on the end of the war. Joe Biden then tasked Boris Johnson with telling Zelensky to continue the war. The 'west' would otherwise stop paying him. Zelensky did as he was told and stopped all negotiations with Russia.

An agreement with Russia at that time would have kept the Ukraine mostly as one state with only minor losses in the Donbas. But the decision to continue the hopeless war also ended all chances for Ukraine to keep its riches.

It will be poor and helpless while its 'western' neighbors will feast on it.

36 posted on 08/10/2022 7:39:04 AM PDT by Kazan
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To: Kazan

Kazan is the name of a city in RuZZia.

Is that where you live?

Dirty RuZZian.


44 posted on 08/10/2022 9:27:17 AM PDT by SpeedyInTexas (The Only Good RuZZian is a Dead RuZZian)
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