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Nairaland Forum / Nairaland / General / Travel / Ukraine War: Western Sanctions Taking Toll On Us, Nigerian Students In Russia (22638 Views)
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Re: Ukraine War: Western Sanctions Taking Toll On Us, Nigerian Students In Russia by 1stGenAmerican(f): 11:01am On Mar 10, 2022 |
franchasng: The ban on the sale of semi-conductors will do deep damage. Some people don’t seem to understand how deep sanctions can impact a country. I visited Cuba in 2019. Pretty much every car is approximately 50 years old. Mechanics keep repairing the same cars and struggling for ways to do that because importing parts is out of the question. Basic things that most people take for granted, radio batteries for example, are extremely difficult for them to get. This can be Russia’s future. 2 Likes |
Re: Ukraine War: Western Sanctions Taking Toll On Us, Nigerian Students In Russia by mastermaestro(m): 11:27am On Mar 10, 2022 |
YoungBlackRico: Of course. In fact the West is hitting hard on Russia partly to make China think twice about its fantasy of annexing Taiwan. 1 Like 1 Share |
Re: Ukraine War: Western Sanctions Taking Toll On Us, Nigerian Students In Russia by YoungBlackRico(m): 11:40am On Mar 10, 2022 |
mastermaestro:That's why she doesn't even know where to stand at the moment. Who would have thought China will send aid to Ukraine? 3 Likes |
Re: Ukraine War: Western Sanctions Taking Toll On Us, Nigerian Students In Russia by lecowas: 11:42am On Mar 10, 2022 |
All I see are bitter Nigerians here, they are so angry with those students in Russia, the reason is not far fetched, it's just because MOST of them don't have money to japa and have the pull me down syndrome. Witches everywhere. Naija na wa 2 Likes |
Re: Ukraine War: Western Sanctions Taking Toll On Us, Nigerian Students In Russia by obanioluorun: 1:02pm On Mar 10, 2022 |
Antoeni:if US could withdraw all these services from Russia please oga is Master. |
Re: Ukraine War: Western Sanctions Taking Toll On Us, Nigerian Students In Russia by mach7(m): 2:50pm On Mar 10, 2022 |
1stGenAmerican:So many questions all rolled into one. The fall of the Ruble is dictated by market dynamics and is precipitated by the exceptionally high demand for dollars which arose due to the freezing of the Central Bank's assets and cutting off supply of dollars to Russia. I never said that the "currency" will rebound after 3-6 months, I said the ECONOMY will rebound. Moreso, once the initial shocks have been felt and addressed, the currency will rise. However, it won't rise to its previous exchange rate and might actually be "artificially" devalued as a monetary policy strategy to discourage imports and boost exports and the country aggressively adopts import substitution to eliminate the pressures caused by the loss of foreign components. As to the point of the economy being cash strapped, please share your proof and I hope it isn't from Mainstream Media. The Russian Central Bank had about $643bn in foreign reserves as at Jan 2022. Out of it, an estimated $390bn has been frozen as they denominated in Euros, Pounds and USD thus leaving $213bn. This is separate from the National Wealth Fund (Russia's version of Excess Crude Account) which is valued at $198bn as at Nov 2021 and wholly domiciled within Russia. This is also separate from the Russian Direct Investment Fund, also wholly domiciled within Russia and whose Capital under management is in excess of $10bn as at Jan 2022. That is a total of $421bn held by the Russian government within Russia. Note that I am not even including private capital held in Russian banks which the government can borrow if it needs to. Hence your comment about being "cash strapped" is shallow and not backed by research. About the brands returning, it is a permanent bye bye. The Russian government passed a law today to nationalize the assets of the companies that left Russia, so it total bye bye for them. This is the link to the nationalization bill (copy into a Google browser and it auto-translate) - https://www.kommersant.ru/doc/5250509 Sustaining the "special military operation" is based on the available weapon stocks and spares to prosecute the war. Russia manufactures all its weapons systems with all critical components made by Russian state-owned defence enterprises. if it wants to sustain the operation indefinitely, it could choose to do so. Constraining factors will be political will to continue and losses of manpower (either killed or captured). I hope I have addressed all your points? 2 Likes |
Re: Ukraine War: Western Sanctions Taking Toll On Us, Nigerian Students In Russia by Nobody: 4:47pm On Mar 10, 2022 |
Lol I'm in Russia and this dude is lying. Cards are working 100%. Currency is dropping and prices are increasing, hence balancing it out. Abeg shift president my ass. |
Re: Ukraine War: Western Sanctions Taking Toll On Us, Nigerian Students In Russia by vislabraye(m): 9:02pm On Mar 10, 2022 |
Techguy96: Asians in general are worse racists. But that aside, Russia isn't absolutely wrong in this invasion. |
Re: Ukraine War: Western Sanctions Taking Toll On Us, Nigerian Students In Russia by Techguy96(m): 9:09pm On Mar 10, 2022 |
vislabraye:They are? There are other ways of dealing with Ukraine rather than outright invasion. |
Re: Ukraine War: Western Sanctions Taking Toll On Us, Nigerian Students In Russia by Techguy96(m): 9:14pm On Mar 10, 2022 |
mach7:Lol, I was taking u serious until I read ur last paragraph. You obviously have no idea what u are talking about |
Re: Ukraine War: Western Sanctions Taking Toll On Us, Nigerian Students In Russia by Techguy96(m): 9:14pm On Mar 10, 2022 |
MyphoneandI:Which card |
Re: Ukraine War: Western Sanctions Taking Toll On Us, Nigerian Students In Russia by mach7(m): 9:28pm On Mar 10, 2022 |
Techguy96:Share your own idea, since you are more enlightened. |
Re: Ukraine War: Western Sanctions Taking Toll On Us, Nigerian Students In Russia by Karnice600: 2:44am On Mar 11, 2022 |
Keegan: China is doing so currently. They would have done it in the past if they were capable. The British that you are blaming also ruled over (bastardized, in your words) the US too. But the US looks better today while Nigeria looks bastardized like you claimed. So why blame someone else for your mismanagement or misfortunes? Isn't that failure on its own, to begin with? 1 Like |
Re: Ukraine War: Western Sanctions Taking Toll On Us, Nigerian Students In Russia by Karnice600: 3:52am On Mar 11, 2022 |
Techguy96: I tell you. Reminds me of Broda Shagi giving you a woeful answer to a question and then ending it with "e shock you abi, you think I wee not get it" 1 Like |
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