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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 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 1 month 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.

[–] [email protected] 2 points 1 month ago* (last edited 1 month 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.