The wider issue for Russia is how does it leverage off Western sanctions now?
Its not the war that posses the biggest risk to the Russian state.
I cant see why or how they would be lifted. Full and immediate withdrawl and Ukraine joining NATO would surly be the minimum terms possible, but Europe can just wait Russia out till it colllapses.
Europe will need to consider what sort of end this is for Russia to get our preferred outcome.
I was looking at Russia’s gold reserves 2300 tons. Normally at 67 mil a ton but he’d have to sell it at a discount in quantity and only China seems to be buying it in volume outiside UAE. That only pays for 4-5 months of warring at 40 bil a month if he emptied it. Half selling it, doesnt get him much more time.
Comment