23 votes

Daily megathread for news/updates/discussion of Russian invasion of Ukraine - March 3

This thread is posted daily - please try to post relevant content in here, such as news, updates, opinion articles, etc. Especially significant updates may warrant a separate topic, but most should be posted here.

23 comments

  1. [6]
    Adys
    Link
    Good afternoon Tildes. It is day 8. I am too tired for detailed updates about the situation in the country. The main noteworthy thing is that Kherson has fallen to Russian control since last...

    Good afternoon Tildes. It is day 8.

    I am too tired for detailed updates about the situation in the country. The main noteworthy thing is that Kherson has fallen to Russian control since last night. I have prepared some interesting articles.

    But first: Something you can do to help

    You have all seen the donation drives and protest calls I'm sure. I don't need to go on about those.

    Something concrete you can do to help, today and in the coming weeks, is to be on the lookout for Russian propaganda.
    Anything that diverts attention away from Ukraine. Anything that redirects blame. That is "just asking questions".
    Legitimate or not, such discourse benefits Putin greatly, as the greatest threat to Russia right now is the world's unity over the issue and thus its support for Ukraine.

    I also ask you to make sure your Russian friends and acquaintances are okay. Most of them want nothing to do with this war. Some of them do, and it's highly unlikely to be their fault beyond an unhealthy propaganda diet. Do not try to change their mind; if you want to send them something, send them this video of a read of a conversation between a dead young Russian soldier and his mother. Send them Zelenskyy's speech to Russia from a week ago. This letter, a POV from Russian academia. But please be kind.

    This war is against Putin. Not Russia.


    News:

    Noteworthy:

    Belgium:

    12 votes
    1. streblo
      Link Parent
      In an attempt at a deterrent, Russia announced today that it (illegally) will not be granting foreign soldiers PoW status.

      70+ belgian citizens signed up to Ukraine's foreign legion. 12 leaving today.

      In an attempt at a deterrent, Russia announced today that it (illegally) will not be granting foreign soldiers PoW status.

      1 vote
    2. [2]
      vektor
      Link Parent
      Macron's "Honey, we need to talk" text from yesterday was a nothing burger, as far as I could gather in this morning's news, right? All I could gather that wasn't already buried under more recent...

      Macron's "Honey, we need to talk" text from yesterday was a nothing burger, as far as I could gather in this morning's news, right? All I could gather that wasn't already buried under more recent news was "we're not at war" and that he's pretty much the last westerner with intact communications with Putin.

      1 vote
      1. Adys
        Link Parent
        Yes correct. It ended up being a “state of things” speech, with pretty clear messaging that we are now at war even if we cannot say we are.

        Yes correct. It ended up being a “state of things” speech, with pretty clear messaging that we are now at war even if we cannot say we are.

        1 vote
    3. [2]
      cmccabe
      Link Parent
      I recall hearing that Ukraine was accepting Bitcoin and Ethereum donations. Is this an effective way to provide support? And if so, what are the confirmed addresses we can donate to?

      I recall hearing that Ukraine was accepting Bitcoin and Ethereum donations. Is this an effective way to provide support? And if so, what are the confirmed addresses we can donate to?

      1 vote
  2. Adys
    Link
    Personal update - Although the sister is still stuck in Kyiv (which is now surrounded…), I have good news: One of my SO's friends who was stuck in Kherson just made it out of the country. We're...

    Personal update - Although the sister is still stuck in Kyiv (which is now surrounded…), I have good news: One of my SO's friends who was stuck in Kherson just made it out of the country. We're finding a bed for her and she's hosting her next week.

    9 votes
  3. skybrian
    Link
    According to this Twitter thread, maybe Russia couldn't even pay for things with gold? [...] (Via Matt Levine.)

    According to this Twitter thread, maybe Russia couldn't even pay for things with gold?

    There is just absolutely no way Russia could sell more than 5-10% of its gold reserves within like a month. If Russia was starting to sell, prices would plummet, as there is simply very little market depth (important!) in the gold market. Nobody wants to catch a falling knife and a central bank with major gold reserves selling would mean much more supply then there is demand, so brokers would stop quoting gold. Gold only has value, if “gold whales” (=central banks) aren’t selling it.

    But can you still repo the gold? Well, that depends if you find someone who loans you money against your collateral, that is someone who is unaffected by sanctions and loans you against collateral you couldn’t sell in a liquid market and which sits in a vault in Moscow.

    [...]

    Gold won’t help you here. Some argue gold has something like a placebo effect. “Yes, you can’t sell it, but since people aren’t rational they actually trust a [central bank] if it has gold, and since trust is of upmost importance to a CB, gold has a role on a CB balance sheet.”

    (Via Matt Levine.)

    6 votes
  4. [2]
    skybrian
    Link
    Russian firms rush to open Chinese bank accounts […] […]

    Russian firms rush to open Chinese bank accounts

    "Over the past few days, 200-300 companies have approached us, wanting to open new accounts," the person, who works at the Moscow branch of a Chinese state bank and has direct knowledge of its operations, told Reuters.

    […]

    China has repeatedly voiced opposition to the sanctions, calling them ineffective and insisting it will maintain normal economic and trade exchanges with Russia.

    […]

    "Companies will be switching to yuan-rouble business but in any case things will become two, three or four times more expensive for Russians because the exchange rate between the yuan and rouble is also changing," said Konstantin Popov, a Russian entrepreneur in Shanghai.

    5 votes
  5. skybrian
    Link
    Russian oil isn't sanctioned, but nobody wants to touch it anyway [...] [...]

    Russian oil isn't sanctioned, but nobody wants to touch it anyway

    An estimated 4.3 million barrels per day of Russian oil is "missing from the market because Western buyers are refusing to buy it," JPMorgan head of global commodities Natasha Kaneva told Alison Kosik on CNN Business Markets Now Wednesday.

    [...]

    Oil has spiked more than 20% since just before Russia invaded Ukraine. US crude surged as high as $116.57 a barrel Thursday morning — the highest level since September 2008 — before backing off. Brent, the world benchmark, nearly hit $120 a barrel before heading lower.

    [...]

    One of the biggest problems is that refiners are refusing to buy Russian oil. Lipow said refiners in the United States, Finland, Sweden and elsewhere are shying away from Russian barrels.

    The same situation is playing out with energy trading companies. For example, Lipow said one such company offered a cargo of Russian crude oil for sale — at a huge discount of $18.60 below Brent, instead of the slight discount typically offered before the invasion. There have been no buyers.

    At the same time, many banks are declining to provide the financing typically involved in buying oil. Lipow said banks including Credit Suisse, Societe Generale, ING, Rabobank and Bank of China are refusing to extend credit to anyone wanting to finance the purchase of Russian oil.

    Some tankers are even refusing to load anything at all at Russian ports or carry Russian oil. The United Kingdom, Canada and other countries have banned Russian tankers.

    5 votes
  6. skybrian
    Link
    Through a mountain pass, Poles frantically rebuild a rail link to Ukraine to help refugees […]

    Through a mountain pass, Poles frantically rebuild a rail link to Ukraine to help refugees

    Over the past three days, Polish volunteers working along with the national railways department have restored them as the country frantically seeks new humanitarian corridors to facilitate the arrival of hundreds of thousands of Ukrainian refugees, many of whom are now waiting in days-long lines at Poland’s borders.

    […]

    The refurbished tracks run through the Carpathians, an arc of wooded hills dotted with ski resorts that runs from Poland through Ukraine to Romania. Many fleeing Ukrainians have chosen to travel through the mountains to the border, seeing it as a safer option than going through the cities and towns along main roads that might come under attack.

    4 votes
  7. streblo
    Link
    Russian MoD rolled out their education plan today. European intelligence official claiming Russian intelligence has drafted plans for public executions in Ukraine after cities are captured.
    • Russian MoD rolled out their education plan today.

    the federal government distributed teaching guidelines to schools across the country explaining why Russia’s “operation” in eastern Ukraine “is not a war.” The training materials claim that "Russia’s armed forces are not conducting air or artillery strikes at Ukraine’s cities, and there is no threat to the civilian population."

    • European intelligence official claiming Russian intelligence has drafted plans for public executions in Ukraine after cities are captured.
    4 votes
  8. balooga
    Link
    Russia axed joint experiments on the International Space Station in response to crippling sanctions for its invasion of Ukraine Related: This other article from last Friday goes into a bit more...

    Russia axed joint experiments on the International Space Station in response to crippling sanctions for its invasion of Ukraine

    Related: This other article from last Friday goes into a bit more detail about broader context of international relations on the ISS. Three Russian cosmonauts are scheduled to launch on 15 March (Soyuz MS-21) and I'm very curious how this unfolding situation will affect those plans. If all goes as scheduled, there will be five Russians, four Americans, and one German aboard through the end of the month, with a Russian in command.

    4 votes
  9. [2]
    Pistos
    Link
    (Feb 28) Company behind Euro Truck Simulator 2 (game) takes action to support Ukraine, including direct financial donation, and creating Ukraine-related DLC, income from which will be donated to...

    (Feb 28) Company behind Euro Truck Simulator 2 (game) takes action to support Ukraine, including direct financial donation, and creating Ukraine-related DLC, income from which will be donated to help Ukraine

    3 votes
    1. AugustusFerdinand
      Link Parent
      Further support from gaming industry: John Romero released a new DOOM II level (first in a couple of decades?) with all proceeds going to Red Cross and the UN Central Emergency Response Fund.

      Further support from gaming industry: John Romero released a new DOOM II level (first in a couple of decades?) with all proceeds going to Red Cross and the UN Central Emergency Response Fund.

      4 votes
  10. skybrian
    Link
    Negotiators agree to temporary cease-fire in some areas for civilian evacuation

    Negotiators agree to temporary cease-fire in some areas for civilian evacuation

    Ukraine and Russia say they have agreed to temporary local cease-fires to create “humanitarian corridors” so civilians can be evacuated and food and medicine can be delivered.

    But the cease-fires would not apply everywhere, said Ukrainian presidential adviser Mykhailo Podolyak — and logistical details will still need to be agreed upon “in the nearest time.”

    3 votes
  11. skybrian
    Link
    What people are donating to Ukraine and its refugees: Crypto, ammo, pet food and cash

    What people are donating to Ukraine and its refugees: Crypto, ammo, pet food and cash

    Apart from these donations, international agencies and individual governments have already rolled out aid plans. The World Health Organization has $3.5 million in emergency funding; the U.S. government is hoping to deploy $6.4 billion in emergency aid to the region; and the European Commission signed off on a $100 million aid package.

    3 votes