Oh wow, he only got under 11000 ruble for a loss over 4 million, and I hear lots of people took out loans to cover merchandise to sell. I think Russia could take advantage of this, though - maybe they can offer debt forgiveness for people who sign military contracts.
If these people are buying the goods internationally they usually have to pay for them before they are shipped. For most businesses that means taking out a short term loan to cover the purchase. It's a standard practice even in established businesses.
Lenders require insurance against the destruction of the goods. Insurance companies like to carve out exemptions in what they cover to minimize their losses. Acts of war are almost universally exempted unless the customer pays a much higher premium.
I expect to see online retailers in Russia ban the sale of military goods on the next few weeks. Insurance companies and lenders are going to increase the insurance premiums and refuse loans to operations that sell them.
6 Comments
Tar_alcaran@sh.itjust.works · 35 pts · 21d
So he lost about 50k euro worth of stuff, and got 120 bucks in compensation
fist_of_fartitude@sh.itjust.works · 26 pts · 21d
Oh wow, he only got under 11000 ruble for a loss over 4 million, and I hear lots of people took out loans to cover merchandise to sell. I think Russia could take advantage of this, though - maybe they can offer debt forgiveness for people who sign military contracts.
zwerg@feddit.org · 12 pts · 21d
They already offer debt forgiveness for service. Their life expectancy will still be 12 minutes when they get to the front though.
The_v@lemmy.world · 9 pts · 21d
If these people are buying the goods internationally they usually have to pay for them before they are shipped. For most businesses that means taking out a short term loan to cover the purchase. It's a standard practice even in established businesses.
Lenders require insurance against the destruction of the goods. Insurance companies like to carve out exemptions in what they cover to minimize their losses. Acts of war are almost universally exempted unless the customer pays a much higher premium.
I expect to see online retailers in Russia ban the sale of military goods on the next few weeks. Insurance companies and lenders are going to increase the insurance premiums and refuse loans to operations that sell them.
MushuChupacabra@piefed.world · 9 pts · 21d
That's just the cost of allowing Putin to live.
Wildmimic@anarchist.nexus · 9 pts · 21d
hey, 0,2% is great mate! glory to russia lol