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Weekly megathread for news/updates/discussion of Russian invasion of Ukraine - August 10
This thread is posted weekly on Thursday - 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.
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Been waiting for this crossover for a while!
Perun interviews Anders Puck Nielsen: Theories of Victory & Russian Political Stability
https://www.cnbc.com/2023/08/14/russian-ruble-slumps-to-near-17-month-low-moves-past-100-against-the-dollar.html
Sounds like sanctions are working. What can Russia realistically do about this? It seems like it has been a steady, pretty much linear slide since June 24, 2022.
They can raise interest rates or use their reserves to temporarily prop up ruble.
Raising interest rates means debt but it kicks can down the road. They did that at the beginning of the second invasion of Ukraine but have reverted once they had enough capital controls to stop the bleeding.
It appears they went with central bank intervention for now. This burns their reserves but at the current rate it's enough for another year IIRC.
[edit] They raised interest rates by a whopping 3.5%, now at 12%.
https://www.themoscowtimes.com/2023/08/14/hundreds-of-russian-tourists-stranded-in-turkey-after-planes-break-down-a82144
Losing access to spare parts and maintenance for their fleet is producing some good results.
So i was asked to post this article here. Touches on the challenges the russian air force is suffering atm.
https://www.businessinsider.com/russia-quickly-depleting-fleet-warplanes-overuse-expert-ukraine-f16-worsen-2023-8?amp