this post was submitted on 20 Jan 2024
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Russia has burned through almost half of the liquid reserves in its national wealth fund as it bleeds money amid the war in Ukraine (www.businessinsider.com)
submitted 10 months ago by MrMakabar@feddit.de to c/ukraine@sopuli.xyz
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[–] HobbitFoot@thelemmy.club 13 points 10 months ago (2 children)

I'd argue that Germany lost World War I due to ruining out of money. Some wars are lost due to attrition.

[–] gravitas_deficiency@sh.itjust.works 2 points 10 months ago

Financial attrition is a type of attrition

[–] MrMakabar@feddit.de 1 points 10 months ago

After WW1 Germany had more then enough money, but nothing to buy with it. Hard to say they ran out of money.