With Wagner’s exile to Belarus, Unilever could be Putin’s next PMC if their employees do well enough on the battlefield. Maybe that’s where they think the real profit will start coming in /s
It’s because you cannot sell rubles for dollars because nobody outside the black market accepts them. You can buy them tho, so Russian banks can put any price they want to get the big money from some idiots who want to try some war profiteering. It also generates the illusion that the sanctions against Russia are not working, which is food for the propaganda machine.
Wow, they had a choice and that’s what they’re choosing?
But you don’t understand! It’s not straightforward!
They totally care about the employees there. It’s definitely not about the profit they made that had them paying 33m in taxes to Russia last year.
I’m sure they offered to relocate the employees and not you know, just leave them working in the country to get conscripted.
Not on conscription. The only way to avoid it would be to stop operating in Russia entirely (which, being a giant corporation, they won’t).
With the absolute shitshow that the Ruble is I don’t see how staying in the country and doing business could be profitable.
With Wagner’s exile to Belarus, Unilever could be Putin’s next PMC if their employees do well enough on the battlefield. Maybe that’s where they think the real profit will start coming in /s
The Ruble is at a 20 year high.
But Putin says 80 rubles are a dollar. You’ll have to take his word tho, trading them is impossible.
Strange Google says that it’s either 11 rubles to the dollar or one ruble is .11¢ depending on when you look.
It’s because you cannot sell rubles for dollars because nobody outside the black market accepts them. You can buy them tho, so Russian banks can put any price they want to get the big money from some idiots who want to try some war profiteering. It also generates the illusion that the sanctions against Russia are not working, which is food for the propaganda machine.