• queermunist she/her@lemmy.ml
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    1 year ago

    Dedollarization is good for their economy. They’re actually increasing exports in some sectors of their economy despite the SWIFT lockout.

        • JohnDClay@sh.itjust.works
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          1 year ago

          Yeah that’s tricky, I’d rather accelerate brain drain. But Russia has used immigration as a weapon before, targeting propaganda and sympathies in areas Russians immigrate to.

          But Russians are still getting out somehow, conscription is a great motivator.

            • JohnDClay@sh.itjust.works
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              1 year ago

              They aren’t, but Russia has used their presence as one. What was one of their justifications for invading Ukraine? The Russian speaking population and historic ties in the easternmost regions of Ukraine. They’ve also shipped millions of people into Crimea to shift the demographics and public opinion there.

              • queermunist she/her@lemmy.ml
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                1 year ago

                The Russian speaking population weren’t just immigrants though, those were people born in Ukraine who spoke Russian as their native language. Kinda different.

                • JohnDClay@sh.itjust.works
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                  1 year ago

                  Some definitely, but not all. And it’s multigenerational too. The USSR moved people around a lot too for demographic control to minimize separatist tendencies.

                  • queermunist she/her@lemmy.ml
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                    1 year ago

                    Are you claiming that a Russian speaking person born in Ukraine is actually a Russian immigrant if their grandparents are from Russia?

      • queermunist she/her@lemmy.ml
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        1 year ago

        That’s kinda orientalist.

        Dedollarization is good for China, but they’re hardly some kind of mystical asiatic kingdom.

        • taanegl@beehaw.org
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          1 year ago

          I was being facetious.

          Besides, BRICS is probably going to default to Yuans. Like would you pay in Brazilian pesos, Russian Rubles or Indian whatever the heck that currency/economy is?

          I don’t believe they’ll conclude that dealing with 5 or more currencies at the same time as being effective, especially when said currencies come from dumpsterfire economies.

          I can also tell you that they will not be going for the EURO, and with all the debt to China… where does that lead them?

          Trade cannot stop. That was the point of SWIFT and that is the point of BRICS.

          But now I’m being presumptuous, which one is want to do on the internet.

          • queermunist she/her@lemmy.ml
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            1 year ago

            Hypothetically it might make sense to pay pesos for Brazilian seed oil and rubles for Russian fossil fuel, as this would ensure no trade deficits exist between countries, but China is so much more productive than the rest of them that it might just default to Yuan. I’m still optimistic about the possibility of trade in national currencies, though.