Unit2Sucks said:
It looks like Bakhmut has finally fallen, 10 months after Russian propagandists first started pretending it had fallen.
This is a pivotal moment in the war because Ukraine is about to start its counter-offensive, Wagner is clearing out of Bakhmut and Russia is going to need to decide how many forces it maintains in Bakhmut vs fighting the offensive.
It also looks more and more like China isn't going to help Russia and with Russia's depleted economy and industrial capacity, they simply won't have enough to occupy Ukraine indefinitely. Philips Obrien talks about it here, although his article is mostly about how the impending delivery of F-16s will finally allow Ukraine to win the war.
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Russia was and is too weak to have ever conquered even half of Ukraine, let alone achieve the kind of maximalist goals that Putin possessed, and we see now that the Russian economy cannot even produce the kinds of weaponry needed to hold on to 18% of the country. It was why I thought if Putin had any idea of the situation he was in, he would have tried to back out back at the start.
Finally, Timothy Snyder, who is a phenomenal scholar and expert on Russia/Ukraine, writes about Putin's threats and how we should really be considering them.
There are about 10 really bad if not downright screwy takes in just one post there, here are a few:
- Russia's economy is not depleted, its industrial capacity is large enough to outproduce all of NATO combined in ammunition, tanks and missiles. furthermore, they have been doing this without significantly affecting their economy.
I can't think of any countries in Europe that are better off than Russia today economically speaking. Russia now has the lowest inflation rates due to their domestic input costs (gas, oil, fertilizers, metals, lumber etc) having actually dropped, they've had a healthy accumulation of proceeds from exports, they have full employment (something most European countries can only dream of), and they have the lowest debt to GDP ratio among large industrialized nations at 16%.
- Putin's alleged maximalist goals
Putin just wanted to get a Minsk 3-type political settlement in April 22, which would have ended the war. NATO actively scuttled that, with Boris Johnson personally intervening to sabotage the Istanbul peace talks.
It is because of this that there has been a quarter million plus Ukrainian soldiers killed the last 13 months.
Furthermore, Russia has been pushed into extending the war by NATO saying that they will formally turn Ukraine into a member "after the war is over", which means that Russia now cannot stop until they take control of the Ukrainian government, either by force, or through a new Ukrainian government changing course.
-China isn't going to help Russia
China already is providing Russia with a few items needed for their weapon production buildup, like ball bearings. They have been keeping a low key because Russia seems to be doing well on its own as it is.
Finally this silly tweet:
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[url=https://twitter.com/ndcarson][/url]Nathan Carson
@ndcarson
[url=https://twitter.com/ndcarson][/url]
Several things here:[url=https://twitter.com/ndcarson][/url]
1) China needs a capital account surplus to provide liquidity to its strained financial sector.
2) China's trade surplus is at record levels.
3) This means that the internal fiscal situation is far worse than CCP is letting on
China is reeling because their trade surplus is at record levels? I mean, seriously??