Much wishful-thinking going on here Russia has to cut off Ukraine completely from the Black Sea by overtaking the region around Odessa (is it really called "Odesa"? I always called it just "Odessa" . Just looked: wikipedia says both is correct ). I think only then will these remote controlled Ukras be convinced to sit down and negotiate a peace.
If you like going out business sales, Russia is the place to be. Might be a full decade of going out of business sales there even after the rush to the door for the foreign companies is over, so it's all good I guess. Russians flock to H&M as fashion retailer opens stores to sell inventory A long queue of Russians snaked through a Moscow shopping centre on Tuesday, waiting to get into H&M as the fashion retailer flung open its doors for a final time to sell inventory before making a full exit from the Russian market. Scores of consumer brands suspended operations in Russia after Moscow sent tens of thousands of troops into Ukraine on Feb. 24, with H&M, IKEA and Nike among the companies to have announced plans for a permanent exit. https://www.devdiscourse.com/articl...shion-retailer-opens-stores-to-sell-inventory
The US is bribing & forcing these companies to quit operation in Russia. Ie. asymmetric warfare by the US. The US has weaponized everything! But b/c of this, every nation who fell victim to such US sanctions, and every single being of that nation, will undoubtedly hate the US. US is producing its own enemies with such sanctions, BigBrother behavior, humiliation of a whole nation. It will have negative consequences for the US, people won't forget it. Recent example: 1.4 billion Chinese hate the US for the provocative Taiwan-trip of Pelosi yesterday...
That's stupid from H&M. Putin will find any excuse to confiscate the money that H&M will receive from these sales. This money will end up in Putin's pockets.
Russia's Avtovaz offers Izhevsk staff $3,000 to quit voluntarily https://finance.yahoo.com/news/russ...hevsk-staff-134407205.html?fr=sycsrp_catchall MOSCOW (Reuters) - Russia's biggest carmaker Avtovaz, which suspended some production due to sanctions and lack of components, is offering workers at its Izhevsk plant a one-off payment of about $3,000 to take voluntary redundancy, it said on Wednesday. Avtovaz resumed production of some of its popular Lada models at its main plant in Togliatti in June after partially halting output in the spring due to a shortage of electronic parts caused by sanctions. The company, whose long-time shareholder, French carmaker Renault, sold its stake to a Russian investor in May, was unable to relaunch production of the Lada Vesta model and sent 3,200 staff from its Izhevsk plant in central Russia on paid leave in March. On Wednesday, it asked staff at the site in Izhevsk, a town of around 645,000 people some 1,200 kilometres (746 miles) east of Moscow, either to find a new job within the company or to resign by the mutual agreement. Those who resign will be offered a one-off payment worth around five to seven times average monthly salary, or about 12 times the minimum wage, approved by the state. The maximum payout would equate to 183,348 roubles ($3,161). "Avtovaz emphasizes that the company doesn't plan to carry out mass lay-offs, and the proposed supporting measures for the team are purely voluntary for each employee," the company said in a statement. The Russian automotive industry, heavily reliant on components and equipment from abroad, has been hit by global semiconductor shortages and most recently an exodus of international manufacturers over the conflict in Ukraine. As many car assembly plants are located out of Moscow in smaller towns, Russian carmakers preferred not to cut jobs but rather keep staff on paid leave or reduced hours and smaller salaries as a result.
This man bought a series of products on dec,25 in 2021 for 1,565.07 roubles. On june,25 in 2022 (so 6 months later) he bought exactly the same products for 2,507.82 roubles. So in 6 months prices went up 60%. That's how "bad" sanctions work in Russia. You can watch the video which is in Russian language, with english subtitles.
Rouble steadies near 60 vs dollar as Russian stocks decline https://www.nasdaq.com/articles/rouble-steadies-near-60-vs-dollar-as-russian-stocks-decline CONTRIBUTOR Reuters Reuters PUBLISHED AUG 3, 2022 7:23AM EDT CREDIT: REUTERS/MAXIM SHEMETOV The Russian rouble stabilised near 60 to the dollar on Wednesday, while stock indexes gave up earlier intraday gains and nodded lower as the market eyed an OPEC+ meeting. By 1115 GMT, the rouble was flat against the dollar at 60.26 RUBUTSTN=MCX after briefly firming beyond the 60 mark. It was unchanged on the day at 61.26 against the euro EURRUBTN=MCX. Promsvyazbank analysts said the rouble would likely trade in a 59-61 range against the greenback on Wednesday. The rouble is the world's best-performing currency so far this year, having received an artificial boost from capital controls Russia imposed after sending tens of thousands of troops into Ukraine on Feb. 24. The strong rouble has helped to limit burgeoning inflation, but is damaging to budget revenues and export-focused firms that rely on selling commodities abroad. The latter raised concerns among Russian officials and business people and increased the need to reinstate a budget rule that caps Russia's budget spending and diverts excess oil revenues into its rainy-day fund. The parameters of the new budget rule are expected to be released soon, and the central bank expects it to be in place from 2023. Brent crude oil LCOc1, a global benchmark for Russia's main export, was down 1% at $99.6 a barrel. The OPEC+ meeting on Wednesday will discuss production policies from September and possibly onwards starting from 1130 GMT. Russian stock markets staged a short-lived recovery after losing ground on Tuesday, with the market bracing for the return of foreign investors from countries that have not imposed sanctions on Russia from next week. "This week we likely expect small trading volumes and a gradual slide downwards of the market before non-residents enter the stock market on Aug. 8," said Sinara Investment Bank in a note. Russia barred all foreign investors from its stock market days after Feb. 24, making domestic retail investors the market driver. The dollar-denominated RTS index .IRTS was flat at 1,115.6 points. The rouble-based MOEX Russian index .IMOEX was 0.2% lower at 2,133.6 points, giving up earlier gains. Alfa Bank said a solid bounce back on the Russian equity market was unlikely "taking into account negative sanction-related and geopolitical developments." (Reporting by Reuters; Editing by Christina Fincher)