this post was submitted on 23 Jul 2024
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Ukraine

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In push for more Ukraine troops, city of Moscow hikes pay for contract soldiers to $60,000 a year (www.reuters.com)
submitted 4 months ago by LaFinlandia@sopuli.xyz to c/ukraine@sopuli.xyz
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[–] CanadaPlus@lemmy.sdf.org 5 points 4 months ago* (last edited 4 months ago) (1 children)

I invite them to do that. I'm sure the oligarchs will love having their local savings massively devalued, and won't support a coup of any kind. /s

[–] smokeysnilas 1 points 4 months ago (1 children)

As much as I would love that, probably they don't have their fortune in cash savings but most probably put it into diversified investments of some sorts.

[–] CanadaPlus@lemmy.sdf.org 2 points 4 months ago* (last edited 4 months ago)

I'm guessing both, so they get returns and still have an "oh shit" fund. I doubt it would be good for the oligarchs, at the very least.

Venezuela can do hyperinflation because they have a more ideologically driven elite who will ride out the turbulence. No such luck for Putin; he's a neofeudal lord and has to keep palms greased like it.