Russia's top bank quits Europe due to sanctions

Re:Russia's top bank quits Europe due to sanctions by NicoJuicy on Wednesday March 02, 2022 @12:19PM (#30529848)

It's not about cutting citizens off from the world. It's about minimizing financial capabilities of an aggressor. So, even when they are not disposed, they can do less harm.

Eg. Their technological advancement will be crippled for decades to come, because they will still want to maintain their existing fleet.

Even now, Russia sells their tech advancement in military tech to others ( eg. India) and doesn't use it much for themselves because of cost. Even while they are investing 6% of their GDP into military.

That 6% in military that they invest now, will become much less in absolute value in the future. So it will be easier to outcompete them with a 1% investment of richer economies and concentrate on things besides military.

Just my 2 cents.

[ Parent | on HN ]

Re:Russia's top bank quits Europe due to sanctions by cmurf on Wednesday March 02, 2022 @05:38PM (#30534307)

This is why China and India need to get on board with sanctions. We know what's coming should Russia continue with this attack, let alone escalation... the Russian oil and gas spigot gets turned off. At a certain point, anyone still buying from them, is aiding their war effort.

[ Parent | on HN ]

Re:Russia's top bank quits Europe due to sanctions by NicoJuicy on Wednesday March 02, 2022 @05:49PM (#30534471)

To get India onboard, you need to export weapons to them and compete with Russia.

China has it's own goal with this, they won't get onboard.

[ Parent | on HN ]