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Russia-Ukraine War - News and Developments PART 2

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I spoke about this in the last thread, you can’t even trade the rouble hence the artificially inflated value. The rouble is junk just like the Russian economy. You know many member states have abandoned the mir payment system?
My Russian GF claims she is able to get money out of russia at quiet good exchange rates. Almost Spot rates, using a Chinese payment system, to get it into an asian bank account she has opened.

I dont know if its true, since she is woman and a russian I dont believe a darn thing she says.

Can you actually transfer money from a russian account into an asian one using some Chinese system if anyone knows?
 
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My Russian GF claims she is able to get money out of russia at quiet good exchange rates. Almost Spot rates, using a Chinese payment system, to get it into an asian bank account she has opened.

I dont know if its true, since she is woman and a russian I dont believe a darn thing she says.

Can you actually transfer money from a russian account into an asian one using some Chinese system if anyone knows?
Why not? Russians are allowed to transfer cash amounts up to $10.000. If she can find a bank that doesnt worry about secundary sanctions.
 
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that means nothing here.

then why cant the USD go back to dominating it strongly like it did before the war started? what changed? prove your hype via economic facts, not theories. just cuz you said so doesnt mean its true.

junk based on what? your opinion? actually the USD is the junk- US threw its strongest sanctions at Russia and Russian economy didnt collapse, now i must admit, it might be China propping up Russia a bit by buying its products and commodities in large quantities, but Russia made smart moves that prevented mass economic damage, thats what hte facts say, i dunno which NATO propaganda media you read, newsweek, time, cnn,yahoo, reuters are all biased against Russia, so they spread lots of false information on the war
Why does it matter what the exhange rate of the ruble and dollar is, or any other currency for that matter? Nobody outside Russia wants to buy rubles. Nobody knows the value of the ruble because authorities stopped publishing data - makes you wonder who is actually the one spreading false information on the war?
 
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My Russian GF claims she is able to get money out of russia at quiet good exchange rates. Almost Spot rates, using a Chinese payment system, to get it into an asian bank account she has opened.

I dont know if its true, since she is woman and a russian I dont believe a darn thing she says.

Can you actually transfer money from a russian account into an asian one using some Chinese system if anyone knows?
you can spend your money in your Russian account using MIR or Visa/Master in China, Turkey or used to be Finland (Seems like it has stopped) and withdraw cash from the ATM, and then use said cash (in local denomination) and put it in your local currency account (If you are in Turkey, you will be getting Lira at an ATM and putting it back in your Turkish account for example) As long as the country did not sanction Russian payment system.

However, that would mean you will lose a significant part of your money via interest rate, because that's the same as using your MIR, Visa and Master Card for cash advances, which mean you are looking at about 18%-22% interest rate if you do it that way. And that also subject to the daily maximum allowed on the ATM system, mostly below $1000.

You can do that since day 1 of the sanction. A lot of my Russian friend did that when they escape Russia.
 
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you can spend your money in your Russian account using MIR or Visa/Master in China, Turkey or used to be Finland (Seems like it has stopped) and withdraw cash from the ATM, and then use said cash (in local denomination) and put it in your local currency account (If you are in Turkey, you will be getting Lira at an ATM and putting it back in your Turkish account for example) As long as the country did not sanction Russian payment system.

However, that would mean you will lose a significant part of your money via interest rate, because that's the same as using your MIR, Visa and Master Card for cash advances, which mean you are looking at about 18%-22% interest rate if you do it that way. And that also subject to the daily maximum allowed on the ATM system, mostly below $1000.

You can do that since day 1 of the sanction. A lot of my Russian friend did that when they escape Russia.
I see, so you can use union pay to transfer it into bank account int hails for example? I dont see why it would be a cash advance on credit card, since you are not using credit. your are transferring your own money. And going straight from one account into another.

But yeah, the sanctions are having little effect on those that can use internet and online banking.

The exchange rate is good, but what is uncertain is the price russia is paying to maintain it.
 
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I see, so you can use union pay to transfer it into bank account int hails for example? I dont see why it would be a cash advance on credit card, since you are not using credit. your are transferring your own money. And going straight from one account into another.

But yeah, the sanctions are having little effect on those that can use internet and online banking.

The exchange rate is good, but what is uncertain is the price russia is paying to maintain it.
No. You can't do Union Pay, it gone thru SWIFT with some account (Not all Russian bank are on Union Pay system)

It is cash advance for Visa and Master because that's how their card operate with oversea banks. Not sure about MIR, but I know for a fact Visa and Master card with Russian account can still be used within Russia like before, but it has stopped functioning to bank that sanction Russian payment system, which mean it is NOT Visa/Master card ends, it is the bank. And bank treat your overseas Visa/Master card an advance because they can't take the money out immediately from your original bank accounts. It's the same everywhere, not just in Russia, say if I use my Westpac Bank Master Debit card and used them in the US on a Bank of America ATM, even I am accessing my own money in Westpac, BoA, who are going to honor that amount to me, is not going to take those money from my Westpac immediately after I have withdrawn from BoA ATM, which is why they do it as an cash advance, not normal regular transaction.

Problem with sanction is where you are, if you are in EU, and you have a Russian bank account, you can't do any of that, because EU system completely blocked off Russian payment system, you can't take money out of your bank account, you can't put money in your bank account. I mean, if you are in a country that is not applying the sanction, then yes, it does not affect you that much, however, you still pay a hefty fee on both transaction (It charge you to use Visa/Master card on an overseas bank), interest rate and exchange rate because ATM withdraw will not ever give you the best rate. You lose money there. And you can't do anything greater than the ATM allow you to. with the fee alone, you are getting 80c every dollar you take out. Then comes the conversion rate.

Bear in mind, sanction in place is so that Russian company cannot settle their transaction with USD or Western Payment System, and you can't do this ATM trick when you are a company looking to settle $10,000 or more, so if you are a company selling to overseas buyer and you need to move money so that you can continue your business, you will have a serious problem at hand, even if you are dealing with non-sanction entity, the sanction is not there to hit every day Russian citizens.
 
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"Iran is poised to emerge from the Russia-Ukraine war as a much more dangerous adversary, analysts and national security insiders warn, as its military drone program is transforming into a lethal “terror weapon” that could eventually challenge some of the world’s most advanced defensive systems.

For the regime in Tehran, Russia’s growing reliance on Iranian-made drones for its fall aerial campaign in Ukraine carries a host of benefits, including the deepening of diplomatic and military ties between the two countries at a time when Iran is increasingly isolated from the West.

But specialists say there’s a more troubling motivation, one that could carry very real ramifications for the national security of the U.S. and its allies, including Israel. Russia’s battlefield use of Iranian-made Shahed-136 drones and other craft is giving Tehran real-time information on how its unmanned systems perform in a combat zone, which defensive systems they’re able to defeat, and what their biggest weaknesses appear to be. That knowledge will guide Iran’s effort to refine its drones, making them even more effective and deadly in the future."

 
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Russia is fighting the Jewish Gay LGBT Satanist Nazi...to be continued...



Very sad indeed! This was preventable, but sadly the Ukrainian leaders chose a different route, and it is costing the Ukrainian people and the people of the Donbas enormous human suffering.
Should see the Russian side. And not all bodies recovered. And we are only 8 months of war and they already surpassed Afghan-Soviet casualties of 10 years long time ago.
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There are a lot of sign the Russian is pulling out, from evacuation to unmanned checkpoint and unmanned defences around strategic important target like flightline. The problem is not whether or not there is sign Russian is withdrawing, but whether or not this is not a ploy. That was the discussion here.
Wonder if they would fire massive barrage on Kherson City when Ukrainian troops go in? They already taking every valuable item and equipment including fire trucks and toilets. Guess the best thing for the Ukrainians to do is avoid going into the city and concentrate on hitting Russian artillery waiting on the other side of the river from east and south to push them afar from Kherson City. Could send in Ukrainian special forces in civilian disguise to connect with the partisans in the city at night or something.
 
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What can I say? Welcome to Ukranistan, Lol.
Nah, not even close to Afghanistan. They lived primitively in Afghanistan, and in Ukraine, you have around 14 hours to 48 hours without electricity. Those thing aren't going down permanently.

Plus, civilian in Ukraine can leave anytime they wanted. Poland and Romania border is still opened to them, for the people in Ukraine, a hot meal and a heated shelter is only a 15-hour bus ride or 25 hours train ride away. Unlike in Afghanistan, those people are really stuck with nobody opening their border to any of them.

Those Ukrainian who are not forced to stay (ie, not male between 18-60) choose to stay because they wanted to, they can leave anytime they wanted, but they choose to stay.
 
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You knew my position, if it was up to me, I would rather level Kherson and rebuild it after the Ukrainian kick the Russian out. Instead of playing long game. This is a perfect bottle neck situation. They are stuck in Kherson, and they can't move them all out since there are no bridge. You can only feedback in piecemeal.

But again, seems like AFU high command do not want that to happen. They choose to play the waiting game...

Just like not doing massive attacks on Donetsk City. Even with all the Russian propaganda.
The problem the Russia had is they didn't go all the way to Mykolaiv, that's a natural buffer point where instead of now which the Russia has around 200km front in Kherson, if the Russian took Mykolaiv, that would have been 2 crossing point between North and West instead of a continuous frontline.

They really should have stopped the Eastern advance and reposition troop to the south because Kherson is the major anchoring point of the entire line, without Kherson, the entire Kherson Oblast will fall, and without Kherson Oblast, Russian troop in Zaporizhya Oblast will be out flanked, it will be the same situation with Kherson half a year or 9 months down the road, then Zaporizhya will fall, and whether or not Russia can retain control in Donetsk and Luhansk will then be a serious question.
Be hard for Ukrainians to cross the river to flank and hit the Russian troops in new trenches. However, the Russians are pretty much in static defense and can be hit by artillery and missile strikes, etc. Keep the Russian forces busy instead of somewhere else.
 
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