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What wealth? Their wealth comes from the natural resources, which they now cannot openly sell at market prices. Give it a few years and the next meeting of the
by surfingdino 2y ago
What wealth? Their wealth comes from the natural resources, which they now cannot openly sell at market prices. Give it a few years and the next meeting of the Russian oligarchs will be held on a wooden bench behind the foreign currency exchange kiosk next to the Moscow's Luzniki stadium.
- jltsiren 2y agoPrivate wealth, not national wealth. Despite the poverty of his country and decades of isolation, Kim Jong Un is a billionaire who lives an extremely comfortable life. If you are untouchable, don't care about the people, and can keep the people in check, the economy doesn't matter. You can live in wealth and comfort, while your people face famine and poverty. And the situation can be stable for many decades.
- surfingdino 2y agoKim is a billionaire who cannot enjoy his wealth in the same way western billionaires can. He is untouchable because of the cost of removing him, not because he is so well protected.
- hiatus 2y agoIf terrorist organizations can sell their natural resource plunder on the black market at profit why can't the Russians? For instance https://www.brookings.edu/articles/how-isis-uses-oil-to-fund-terror/ https://www.brookings.edu/articles/how-isis-uses-oil-to-fund...
- grugagag 2y agoToo little and too slow for Russia’s current needs.
- surfingdino 2y agoSure. But what is wealth without a chance to flex? You can park all your yachts in Vladivostok, but it's not exactly the Monaco Yacht Club is it?
- onetokeoverthe 2y ago[dead]