Putin is trying to coerce firms into doing business or else...

[Webetcoins]

the main problem is that it does NOT take a year, it takes many years of research, investment (which will be lacking in Putin's Russia) and formation. If you are interested, you should learn more about the modern oil industry. The companies that finance that for VP and the companies that know how to undertake the CAPEX and OPEX operations will not be there for him either.

Unfortunately it takes a long time to build any energy source. You want wind turbines? Takes a long time to manufacture it and put it in the right place and let it start earning you money, you want solar? You have to get them and install them and let them start working.

The great part about oil is that it takes even longer and I hope it ends very quickly because oil is not the way to go, we need to cut oil usage as low as possible if we can. In this regard I believe that Russia could definitely deal with wind turbines and nuclear that would still allow them to make insane amount of profit, they have enough base for that to start, they may not be doing economically great, but they have enough money.

[merchantofzeny]

That's likely what's going to happen. I live in a country that was under a dictatorship for a time and that's what they usually do after purging privately owned sectors. Still, assuming he cronies can run this place, would the money they'd be able to make from the local market even be enough to still buy assets abroad, considering how low the ruble has dropped, plus these friends are also getting targeted by sanctions?

Making money? Yeah!
The companies themselves don't actually make a real profit like a real company, but because the costs are subsidized by the state, the state cuts their taxes, waives any other tax on work or welfare contribution to the budget, making the cost with the workforce go down, exempting companies from rent and so on and on.

One clear example is PDSVA, the petroleum company of Venezuela, profitable because it has lower running costs, using its money to buy assets outside and using the money to pay a ton of Maduro's cronies. In the case of Russia of course it won't be that simple but it will still not stop them to start a shell company in a country that doesn't sanction them and using it as a mule for both acquiring stuff and laundering money, of course, all of this extra work involved will be paid by the population and every single steps put proportionally more pressure on the economy. Putin as a former KGB knows this too well, all the countries in the Comecon tried to use 3rd world (non-aligned) countries in order to get stuff that they wouldn't normally be able to get.

Not easy to wrap my head around it when there's laundering involved. I suppose Putin can reward his cronies with these expropriated assets and then they'll be the ones to launder money for him and maybe smuggle goods in, so it can't be all traced back to him?

[kryptqnick]

To launder money, one needs to have money. Russia will have trouble finding any, quite soon. This can actually be a good thing because it can place some motivation into corrupt Russian officials and oligarchs. After all, they're used to luxury, and these sanctions are making it less and less possible. So I'm not sure how the schemes with making money would really work in Russia. Of course, there'll still be relatively wealthy people vs very poor people, but the riches are now losing a lot in Russia, not to mention that they won't be able to travel to their top Western destinations and use their European villas any time soon.

[paxmao]

the main problem is that it does NOT take a year, it takes many years of research, investment (which will be lacking in Putin's Russia) and formation. If you are interested, you should learn more about the modern oil industry. The companies that finance that for VP and the companies that know how to undertake the CAPEX and OPEX operations will not be there for him either.

Unfortunately it takes a long time to build any energy source. You want wind turbines? Takes a long time to manufacture it and put it in the right place and let it start earning you money, you want solar? You have to get them and install them and let them start working.

...

What are you talking about bruh... you do not seem to have a clue about the costs, timeframes and investment requirements of the different types of energies. Solar can be installed by any decent sparky starting a 2000 USD, a wind turbine and generator of a mid size can be installed in a couple of months starting at around 200k.

The installations to extract petroleum and refine it require billions and take years.

[Pomogator]

Putin seems to recognize nothing more than brute force. But in business, such tactics are always doomed to failure. If the business and property of foreign firms are taken away in Russia, they will go to international courts and all over the world there will be confiscation of property belonging to the Russian Federation in order to compensate for the losses caused. Russia will be completely cut off from the whole world. Considering that this is not a high-tech country, its economy will be thrown back many decades. All this is stupid on the part of Putin, like all his recent actions regarding Ukraine. A terminally ill old man with enormous power just went crazy, but ordinary citizens of Russia will pay for this for a long time to come.

Nationalization is very bad. I don't remember a single example where it had any success. Having stolen technologies and equipment, success will last until the breakdown of this equipment, because no one will bring spare parts. In the future, many companies will not want to go to this country. And all high-quality European products will be forced to be replaced by Chinese waste products. It is unfortunate that ordinary citizens will suffer greatly from this.

[Vaskiy]

Russia being an oil rich country, even the western nations that are against Russia keeps the oil imports. The sanctions have affected the economy very bad. With the usage of cryptocurrency governments and the people managed to surviv  mn e. As an immediate effort to recover the inflation of ruble Putin have revealed statement, all countries not in the friend list of Russia to pay for oil in the form of ruble. Putin have given order to the banking authorities to take care of the arrangements to provide ruble for them.

Putin have been making big plans to recover the economy. Only the usage of renewable energy can make sanction more effective, because Putin have well understood the need of oil. So, in someway he'll bring in the money.

[stompix]

~

Not easy to wrap my head around it when there's laundering involved. I suppose Putin can reward his cronies with these expropriated assets and then they'll be the ones to launder money for him and maybe smuggle goods in, so it can't be all traced back to him?

Those companies can be used for anything, almost anything other than actually helping the people of Russia.

They can be used to siphon money from the government in subsidies, they can be used to purchase overpriced goods for other companies run by oligarchs, they can be used to import stuff from countries that are not joining the sanctions and they can also be used to launder money in foreign countries. You set up a company in Dubai for example, this company on paper sends goods worth 3 million to some "private" company in Russia and it gets paid for it, there was actually no delivery but suddenly this foreign company is full of cash and can make purchases outside with the "profits".

These strategies are as old as the USSR, despite the propaganda about the average Russian managing without western stuff the first ones to crack will be the ones in the government, they won't give up their lifestyle and they will try to find any way to get their beloved stuff.

And companies like these who on the surface will look totally clean are the perfect excuse.
Do they need to replace the ovens at McPutin? it will cost the same as previously but they will buy the cheapest junk available on aliexpress and two SUVs $200k that will be used for...doing business stuff.

What are you talking about bruh... you do not seem to have a clue about the costs, timeframes and investment requirements of the different types of energies. Solar can be installed by any decent sparky starting a 2000 USD, a wind turbine and generator of a mid size can be installed in a couple of months starting at around 200k.

He is right a bit about that, it can be installed in a few months but you can't manufacture that many in just a few months.
Europe has an installed wind capacity of ~200 GW with just ~18 installed last year. You will need to install 6 times the total capacity or 80 times what you have done last year to replace fossil fuel.

There is no way all the factories in the world would be able to produce that in 5 years, let alone in 5 months.

But there are a couple of nuclear powerplants that could be restarted in time

[qwertyup23]

Even if they seize the assets of this foreign individuals, how will they be able to run it as smoothly themselves? I am pretty sure that they're not going to be able to do the same operations as the previous owners and I think that those people who own those businesses have safety net in place when this war started.

That is true- even if the Russian government seizes the property of these businesses, I doubt that they would be able to function well. Since most of these Western companies and businesses have pulled-out their businesses/products in Russia, Putin is actually in chaos with its finances. Eventually, he will feel the effects of this war and in due course stop it.

I doubt where this pride of Putin will take him. Businesses are the lifeline of the country- without any proper circulation of cash, they will eventually yield to extreme measures.

[Dunamisx]

Putin have been making big plans to recover the economy. Only the usage of renewable energy can make sanction more effective, because Putin have well understood the need of oil. So, in someway he'll bring in the money.

Putin is not realising that even the oil that he thinks he has has been the only last choice he had but is never enough to bye pass the sanction else he uses bitcoin as a currency for exchange because Rubble is no where to be found anyone. And talking about renewable energy, there's a plan i believe yet unleashed and before you know it they will cut off the tie with Russia and make use of their renewable energy source.

[Lizzylove1]

If you don't wish for any foreign firm in your nation and wants all firms in your country to be owned by your citizens, the world will just boycott your market and this will lead to economic crisis due to total isolation. Putin has gone the extreme to keep the glory of Russia.