Sunday 27 February 2022

The red button

It seems Russia is not winning ground as fast as it expected in Ukraine and the war is costing Russia around €18 Billions a day (estimate, sources unconfirmed). Additionally, Russia will face very serious financial liquidity issues tomorrow, when banks open - its sovereign debt has been graded as "junk", SWIFT access will be lost, there is already a bank run going on (on ATMs).


But Putin cannot lose this war, or his position will be in considerable jeopardy. Maybe even himself.


So, there is the risk that pressing a button and launching a nuclear strike on Kiev to announce a victory internally might be considered a feasible and positive solution.

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