pkt on Nostr: https://navigatingrussia.substack.com/p/russias-hidden-war-debt Really interesting ...
https://navigatingrussia.substack.com/p/russias-hidden-war-debt
Really interesting analysis that has been overlooked. tl;dr: someone carefully looked through corporate records, and found that hundreds of billions of dollars of sketchy loans have been given to Russian defense contractors that probably can't pay them back. These aren't voluntary loans: the Russian government passed a law in 2022 forcing banks to loan money at low rates to defense contractors.
Previously it's been generally thought that about 15% of Russia's true GDP is being spent on the invasion. Taking forced loans into account, it's quite possible the real number is double that.
Yet more evidence that "ordinary Russians" are ultimately responsible for the invasion. You simply can't have this much % of GDP involved in a war without every working Russian making a significant contribution.
Western countries donating weapons to Ukraine should allow them to be used on any military or economic target in Ukraine. Destruction of the Russian electricity grid would be a good priority along with oil and gas.
Really interesting analysis that has been overlooked. tl;dr: someone carefully looked through corporate records, and found that hundreds of billions of dollars of sketchy loans have been given to Russian defense contractors that probably can't pay them back. These aren't voluntary loans: the Russian government passed a law in 2022 forcing banks to loan money at low rates to defense contractors.
Previously it's been generally thought that about 15% of Russia's true GDP is being spent on the invasion. Taking forced loans into account, it's quite possible the real number is double that.
Yet more evidence that "ordinary Russians" are ultimately responsible for the invasion. You simply can't have this much % of GDP involved in a war without every working Russian making a significant contribution.
Western countries donating weapons to Ukraine should allow them to be used on any military or economic target in Ukraine. Destruction of the Russian electricity grid would be a good priority along with oil and gas.