Europe

8324 readers

3 users here now

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current banner: Thunder mountain, Germany, 🇩🇪 ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

Be nice to each other (e.g. No direct insults against each other);
No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
No posts linking to mis-information funded by foreign states or billionaires.

Also check out !yurop@lemm.ee

founded 1 year ago

MODERATORS

poVoq@slrpnk.net

198

Russia’s economy is now completely driven by the war in Ukraine – it cannot afford to lose, but nor can it afford to win (theconversation.com)

submitted 8 months ago by 0x815@feddit.de to c/europe@feddit.de

51 comments fedilink hide all child comments

Cross-posted from: https://feddit.de/post/9438338

Military pay, ammunition, tanks, planes, and compensation for dead and wounded soldiers, all contribute to the GDP figures. Put simply, the war against Ukraine is now the main driver of Russia’s economic growth.

And it is a war that Russia cannot afford to win. The cost of rebuilding and maintaining security in a conquered Ukraine would be too great, and an isolated Russia could at best hope to become a junior partner entirely dependent on China.

you are viewing a single comment's thread
view the rest of the comments

[–] barsoap@lemm.ee 7 points 8 months ago

but can’t even being to imagine Russia having to pay reparations after the war

Eh. It'll probably be mining concessions: Decent jobs with decent wages for Russians, profits for Ukraine, as a bonus Russia gets to learn to run a state budget without resource money, actually develop the economy and everything.

That's both because it's something that Russia can pay and because it doesn't risk revanchism.

they used to think that they’re the in-crowd and they have the free pass on reporting the real state of affairs

Real state of affairs is a very curious thing. Have a look at how Argentine's dictatorship reported the state of the Falklands war, and what happened after they couldn't deny any more that a bunch of tea-sipping crumpet munchers handed their asses to them.