S&P lowers Russia's rating to 'junk' status, Moody's issues junk warning
reuters.com
reuters.com
Even if they lose the ground war initially a long term insurgency will develop and Russia will have trouble swallowing it.
Many Russian planes have been shot down (including two troop transports flying into contested airspace ?!), and Russian conveys have been successfully targeted and destroyed by Ukrainian air strikes.
I think it’s fair to say that the Russians have air superiority, but most analysts expected them to have unchallenged air power by this point, and they definitely don’t have that
They’re a strong group of people. I’m proud of her, her country, and all they stand for.
They know what true suffering is, having lived through multiple disgusting periods of abuse.
We’re chatting here on HN from the safety of our chairs pontificating and pretending to be smarter than we are and they’re out there fighting for their lives.
I hope Americans take notice and realize how crucial freedom is, and what it really takes to defend it.
The Ukranians are not in the same place (the Russians will not slaughter them), but they are definitely fighting for their home, and they also have nowhere to go.
Fear is a very powerful motivator.
Now in contrast, imagine what the Russian soldiers are thinking. Forced to kill people so similar to them. They don’t even want to be there.
I don’t think it’s unlikely that Russia will lose this one in the long term.
In other circumstances, I'd agree with you. But everybody is wondering what Putin's options are? His Blitzkrieg didn't work at all, he tried several times and failed. What is happening now is a regular war on several fronts with civilian casualties. So what is going to happen if months pass and Ukraine is still fighting? Will he be able to swallow it? Many people are afraid he is too megalomaniac to do that and when pressed can start being more brutal than he is now. He is regarded as a war criminal already, what else does he have to lose? Those who listen to Russian propaganda will believe all he says anyway; the rest can be kept in order by an extended police state.
In Mexico, for example, Benito Juarez's faction won a civil war, and then refused to pay the debt run up by the enemy faction. The French, who loaned the money, didn't care, and invaded Mexico. https://en.wikipedia.org/wiki/Benito_Ju%C3%A1rez#Ju%C3%A1rez...
When Venezuela defaulted on its debt in 1902, Germany sent a fleet to blockade its port, demanding that Venezuela pay customs duties on every good that passed through the port until the debt was repaid. https://en.wikipedia.org/wiki/Venezuelan_crisis_of_1902%E2%8...
Countries have been forced to repay debts that maybe they didn't deserve, and penalized in extremely severe ways when they didn't pay.
You could imagine the U.S. and Europe lending Ukraine a ton of money right now, and then claiming that it becomes Russia's debt if Ukraine is conquered, and seizing assets to force repayment. It would be a pretty crazy thing to do, but hey, the 21st century is already chill so whatever.
Thanks for your examples. I was thinking about post-WWI Germany. The breadth of examples certainly helps move away from that kind of punitive and world war starting example. Which makes it more realistic.
Maybe a statement from the West that this will be the case can encourage Russia to not aim for totally conquering the Ukraine. I can see a second salami slice by Russia as an option.
Putin already made that claim (blaming Lenin for creating Ukraine as a polity from properly Russian territory and Stalin for transferring additional properly Russian territory to it) when announcing the war, as did Russian state media just today, in what seems to be a pre-written victory announcement that was then deleted.
The fact that Belarus is onboard makes me think that there might also be some plans of some kind of "East Slavic Union" faux-confederation into which the new Ukraine puppet state would be forced, perhaps within the already-existing framework of the Union State of Russia and Belarus.
Now I wouldnt be surprised if China becomes a bit of a BTC tumbler for Russia like we have seen with NK.
Likewise I wonder if NATO or the americans have built a platform which can predict the best moves to make in times of war, a sort of AlphaGo but for war?
The US certainly dominate this spectrum with their NATO spending, but they dont have dominance in all arena's, for example £200-300million on the Asian markets can push the £ down a few points against the dollar which can alter US military might as its not self sufficient.
Russia is perhaps the most closest to be self sufficient which means they need to up their tech advancement but their culture could hinder them on this front.
There are so many different angles of attack, its clever.
Peoples are responsible for their governments
The US is a perpetual war machine too (one might point out)? And yet there's Canada, not concerned in the least about being conquered and annexed by the dramatically larger and more powerful global military superpower to its south. And to the south, Mexico is actually invading the US more than the other way around; Mexico isn't much worried at all about the US invading and annexing its land. Russia's culture is different, it's still a power and conquest obsessed culture, it constantly dreams of greatness by empire in the old mold, and it still has a lot in common with the cultural beliefs of conquest that led to WW1 and WW2.
The Germans were similarly culturally obsessed with power, conquest and ethnicity, it's what Hitler swam in intellectually prior to his ascension to political power in Germany. The German people superstate was his dream. Putin even shares the obsession with ethnicity that Hitler did, he regards there as being a wholly bonded "Russian" people (as though the people in Kyiv or Moscow are connected to the Russian people in East Asia, and so on). In the mind of someone like Putin, anything can be justified in the name of that ethnic obsession, the notion of building / re-assembling a Russian ethnic superstate.
The reason Russia always behaves the way it does, is that it's a requirement of its very existence. If you remove their power and conquest lust, Russia will cease to exist. It would rip apart rapidly. The supposed Russian people superstate that Putin dreams of, is actually a lot of different peoples with little in common spanning vast territory (and obviously regionally the Russian people have a lot in common). It doesn't really exist as he imagines it. It can only be held together through the extreme use of force, because it's a nation that shouldn't exist. When something particularly shouldn't exist, nature will pull very hard on it (in relation to the extent to which it shouldn't exist), trying to take it apart (which is actually entropy grinding away on something hyper inefficient and difficult to order); and eventually, it won't exist, one way or another. Russia should be numerous nations and the next task for the West re NATO and Russia, is to see that that outcome is accomplished. Destablize Russia over the coming decades and see it broken into several new nations, just as the USSR was broken up before it. Putin won't live to see Russia split into several nations, but that outcome will happen this century. And that split outcome will be vastly better for everyone inside of Russia, it would greatly increase the potential for Western Russia (which would take the formal title of Russia) to become an affluent, peaceful state, no longer requiring the constant application of extreme force to just hold the state together (ie Russia would no longer have to govern in the model of always being afraid of its own people, dedicating its resources to oppressing those people, and could instead dedicate its vast resources to investing in its people and building prosperity). Huge sections of Russia would vote tomorrow morning to split off if they were freely allowed to.
If they had, it definitely would have the same effect
Is it your opinion that the United States' invasion of Iraq significantly decreased the likelihood the US would repay its bonds?
This is a consequence of the sanctions, not itself a sanction.