This is a tweet thread from a Russian professor of finance in Madrid and Chicago, on the probable far-reaching impact of the sanctions. It’s a tweet roll up, but in Russian. A translation follows below.
Many people ask me to comment on sanctions. In short, my scientific conclusion, as a professor of finance, a doctor at the University of Chicago, is PIZDETS. And it’s fucked up that Russian residents, even educated, mostly do not understand what awaits them. I explain on…
… fingers. Very soon Russians will face a shortage of basic products. I’m not talking about all sorts of iPhones, the import of which has already been banned, but about food, clothes, cars, household appliances, etc. Russia is very strongly integrated into world trade. And already the largest operators refuse…
…Send containers to Russia. But even if a miracle happens and Russia finds someone who is ready to send containers to Russia for three meters, the question is, how to pay for it? Export revenues will be reduced several times, as all buyers will try to abandon Russian…
…Goods. We see that even unauthorized oil companies cannot find buyers for their oil. Gazprom, the main gas exporter, is already under sanctions, that is, it is not clear at all how it will receive foreign exchange earnings. The Russian Central Bank has accumulated a huge cup, 650 billion…
… dollars. Only more than half of these reserves have already been arrested, and what to do with gold is also not very clear. Few banks in the world will want to buy it from the Russian Central Bank so as not to fall under sanctions or huge fines. Many people think that Russia over the past years…
… built a bunch of factories, only all these plants - automotive, aviation, household appliances, etc. use actively imported components. That is, in the coming months we will be stopped by entire industries with all the ensuing consequences - shortage of goods, mass…
… unemployment, respectively, a drop in tax collection and, as a result, problems with the payment of salaries to public sector employees. Planes even inside Russia will also soon stop flying. After all, they are almost all imported, and the West has already banned the supply of spare parts. That’s why we’ll soon see a mass…
…Decommissioning of aircraft. The Internet, as we knew it, will also be covered. We have already blocked a bunch of information sites, the other day they are going to block Wikipedia. Twitter and Facebook are already slowing down. They’re going to turn off YouTube. Regarding agriculture. Do you know that…
…In Russia, the share of imported seeds is almost 40%? And the share of imported seeds in potatoes is 90%? That is, of course, farmers will come up with something over time, but at least in the short term we should expect a shortage of basic agricultural products and a sharp rise in prices. And that’s not all either…
… Everyone who can get out of the country will start to get out. They’re already actively lying. The government understands this, so today they have introduced a lot of measures to keep ITishnikov. Only they won’t work. Therefore, it is very likely that exit visas will be introduced for certain categories or completely…
…Will close the country. The only plus in this story is that those who were nostalgic for the USSR will be able to feel all its charms on their skin. And it will not be a relatively herbivorous USSR like Khrushchev-Brezhnev-Gorbachev, but the USSR, headed by a crazy dictator.