Originally posted by InExile
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2022-2024 Russo-Ukrainian War
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“Loyalty to country ALWAYS. Loyalty to government, when it deserves it.”
Mark Twain
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Good. Russia is in the "find out" stage. The West needs to keep hammering their economy and anyone who helps...looking at you Belarus.
https://www.cnn.com/2022/02/24/inves...ash/index.html
Russian stocks crash and ruble plunges to record low
By Mark Thompson and Chris Liakos, CNN Business
Updated 9:11 AM ET, Thu February 24, 2022
Russian stocks crashed by as much as 45%and the ruble hit a record low against the dollar on Thursday.
The Moscow market rout was triggered by news that Russian troops had launched an attack on Ukraine, a move that is likely to trigger a new wave of "full scale" sanctions aimed at President Vladimir Putin's inner circle and Russia's oil-dependent economy.
A broad offensive by Russian forces targeted military infrastructure across Ukraine as well as several airports. The assault began hours before dawn and quickly spread across central and eastern Ukraine as Russian forces attacked from three sides. Putin warned of bloodshed unless Ukrainian forces lay down their arms.The Moscow stock exchange had suspended trading earlier on Thursday but when dealing resumed, stocks went into free-fall.The MOEX index plunged as much as 45% before rebounding to trade down 33%, while the RTS index — which is denominated in dollars — was down 38% at 8:25 a.m. ET. The crash wiped about $70 billion off the value of Russia's biggest companies.Russian banks and oil companies were among the hardest hit in volatile trading, with shares in Sberbank (SBRCY) — Russia's largest lender — at one stage losing 57% of their value. Rosneft, in which BP (BP) owns a 19.75% stake, plunged as much as 58%, before steadying a little. BP shares dropped 3% in London. Gazprom (GZPFY), the giant gas company behind the Nord Stream 2 pipeline, was down 40%.
Russia's central bank said in a statement that it had instructed brokers to suspend short sales "given the current situation in the financial market and to protect the rights and legitimate interests of investors." That means they can no longer borrow securities to sell in anticipation of buying them back at a lower price. The order took effect at 11:00 a.m. local time.
The ruble was trading at 84 to the dollar, down 3%, after earlier hitting a new record low of 89.60. The Russian central bank said it would intervene in the currency market and provide extra liquidity to the banking sector.
"This emotional reaction was inevitable, but at the same time it will stabilize," Kremlin spokesman Dmitry Peskov said about the market turmoil in a call with foreign journalists. "All the necessary measures have been taken for this," he added.
The United States, European Union, United Kingdom and other allies announced limited new sanctions on Russia earlier this week after Moscow said it would send troops into two breakaway regions of eastern Ukraine. Germany said it was suspending certification of the controversial Nord Stream 2 gas pipeline.
US, EU and UK officials have made clear that much tougher measures would follow should Russia invade.
German Foreign Minister Annalena Baerbock said on Thursday the European Union is set to unleash "the full packet of sanctions" against Russia, adding that the world must respond resolutely or run the risk of paying an even higher price.
"We woke up in a different world today," Baerbock told reporters at a news conference in Berlin, adding "we will launch the full package of massive sanctions against Russia."
The Baltic states of Lithuania, Estonia and Latvia called for Russia to be ejected from SWIFT, the secure messaging services that facilitates payments among 11,000 financial institutions in 200 countries.
"The entire international community must firmly condemn Russia's aggression and impose the toughest possible sanctions in response to such outrageous acts, including disconnecting Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT)," the foreign ministers of the three countries said in a joint statement.
In a statement, SWIFT said it was "a neutral global cooperative" and "any decision to impose sanctions on countries or individual entities rests solely with the competent government bodies and applicable legislators."
Excluding Russia from SWIFT would cause its economy to shrink by 5%, former finance minister Alexei Kudrin estimated in 2014 — the last time this sanction was considered in response to Russia's annexation of CrimeaSberbank said it was prepared for any developments and had worked through scenarios to guarantee its customers' funds, assets and interests were protected, Reuters reported.“Loyalty to country ALWAYS. Loyalty to government, when it deserves it.”
Mark Twain
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Originally posted by Parihaka View PostTwo questions:
Does anyone expect Europe to stop buying Russian gas?
Does Putin look quite sick to anyone else?
Here is the link:
Ukraine crisis drives up global energy prices : NPR
2. Thought the same but thought I was wrong. Good eye, Iain.Last edited by Albany Rifles; 24 Feb 22,, 17:54.“Loyalty to country ALWAYS. Loyalty to government, when it deserves it.”
Mark Twain
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Originally posted by Parihaka View PostDoes Putin look quite sick to anyone else?
Edit. I also thought the same...
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Posted about an hour ago, journalist from the German Bild:
https://mobile.twitter.com/JulianRoe...isolation=true
Russian troops have captured Sumy in northeast Ukraine. No fighting and Russian tanks control city center.
Also Ochtyrka fell. Possible there is only one Russian front between Kharkiv and Sumy.
This guy is keeping a map that he calls conservative in light of information being wrong, map based on Ukrainian army reports and geolocation data. Appears Russia went north from Crimea pretty easily.Last edited by rj1; 24 Feb 22,, 18:12.
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Originally posted by Officer of Engineers View PostThe helo assault at Anatov Airport is bold, very bold."Draft beer, not people."
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Originally posted by Officer of Engineers View PostThe helo assault at Anatov Airport is bold, very bold.
Suggests to me the russians have made a very dim assessment of the ukranian forces to think they could take and hold it, and will get relieve soon enough by ground forces.
Perhaps thinking ukranian defense and counters would be weak and slow due to major element of surprise.
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Reports on the frontline are scattered, with many contradictions and misinformation but this is what I have seen so far:
--Russian incursions from the LNR/DNR regions seem to have stalled, or at least are progressing slower than anticipated.
--Russian incursions from Crimea have found more success, as Ukrainian defenders in the region find themselves outnumbered and having to conduct hit and run operations to fight back. Kherson appears to have been taken and now the Russians are advancing towards Melitopol.
--Russian/Belorussian forces have taken Chernobyl and are poised to use the region as a jump-off point towards Kyiv.
--Russian Airborne units have landed at Antonov airport and are currently trying to hold off a Ukrainian counterattack. UPDATE: Ukrainian Defense Ministry has reported the loss of the airport. Russian Airborne reinforcements are expected to fly in to prepare for an assault on the capital.
Also interestingly, there are reports of Chechnyans fighting under Kadyrov's outfit as well as Chechnyan volunteers fighting alongside local Ukrainian defenders.Last edited by Red Team; 24 Feb 22,, 18:58."Draft beer, not people."
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"Ukrainians are expecting an assault on Kyiv tonight. Concern about significant numbers of RU paratroopers flying into Hostomel airport 15km from Kyiv tonight"“He was the most prodigious personification of all human inferiorities. He was an utterly incapable, unadapted, irresponsible, psychopathic personality, full of empty, infantile fantasies, but cursed with the keen intuition of a rat or a guttersnipe. He represented the shadow, the inferior part of everybody’s personality, in an overwhelming degree, and this was another reason why they fell for him.”
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Originally posted by TopHatter View Post"Ukrainians are expecting an assault on Kyiv tonight. Concern about significant numbers of RU paratroopers flying into Hostomel airport 15km from Kyiv tonight"
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Originally posted by tantalus View PostSeems like a bit of a crazy and unecessary risk.
Also showed just how unprepared the Ukrainians are. Yeah, I would have been surprised too but I would also have a RRF ready to respond.Chimo
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Originally posted by tantalus View Post
Seems like a bit of a crazy and unecessary risk.
Suggests to me the russians have made a very dim assessment of the ukranian forces to think they could take and hold it, and will get relieve soon enough by ground forces.
Perhaps thinking ukranian defense and counters would be weak and slow due to major element of surprise.
“Loyalty to country ALWAYS. Loyalty to government, when it deserves it.”
Mark Twain
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Originally posted by zraver View Post
That could get very bad very fast. Fallujah showed why its a bad idea to use light infantry to take built up urban area. Grozny showed why armor only is even worse. In Fallujah allied forces went house by house methodically, had extensive and still lost almost 100 troops despite the best medical care and casualty evacuation infrastructure the world has ever seen. They really need to wait until the motor rifle divisions reach the city. Plus Kiev is big enough (almost 900 square miles and 3 million people) to swallow the Russian army if the Ukrainians don't give up.
And light infantry is exactly what you want in a city, backed by firepower which the Russians will have. Any scenario of US light forces fighting in EUrope had them fighting either in built up areas or on reverse slope of heavy wooded areas. Plus the Belarus border is not too far away and can reinforce rather quickly.
And a 100 killed...that is nothing to the Russian calculus.“Loyalty to country ALWAYS. Loyalty to government, when it deserves it.”
Mark Twain
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