Posted on 05/14/2024 4:23:32 PM PDT by MinorityRepublican
Over two years on from the invasion of Ukraine, Russia is the most sanctioned nation in the world. And yet the country’s economy is set to grow faster than any G7 democracy this year. How is this possible?
Back in 2022, Boris Johnson vowed to ‘squeeze Russia from the global economy piece by piece, day by day and week by week’. President Joe Biden promised that sanctions would ‘impose a severe cost on the Russian economy, both immediately and over time’.
Yet these dire warnings never materialised: Russia’s economy has proved resilient in the face of sanctions. Moscow’s flexibility in restructuring its trading relationships and domestic demand has allowed it to weather the storm. Since 2022, China has steadily replaced the European Union as Russia’s primary trading partner and tech supplier. At home, meanwhile, the increase in military spending has given a significant stimulus to the broader economy.
(Excerpt) Read more at spectator.co.uk ...
I guess Putin said fu JoeBama
Maybe it because they abandoned Marxism.
Obviously you don’t know the FR Posting rules - You need permission from the Paid AI Ukrainian Cheerleaders - Fake UMC Mom - Maxi Moose - Megan - et al. before you can post any positive stories about Ruzzia.
In no small part because Biden has put more sanctions on our own economy, particularly on energy production, than on Russia, and Russia reaps the benefits. He is essentially funding Russia’s war effort many times over.
—> That’s not a fact-check; that’s called being in denial.
Fact Check: FALSE
The Russian Federal State Statistics Service (Rosstat) stopped reporting many economic indicators shortly after the war started. The true impact of a year of war on Russia's economy | DW Business Special, Feb 23, 2023, Prof. Jeffrey Sonnenfeld explains how official Russian numbers are worthless and sanctions are making it more expensive for Russia to make and sell oil, bringing in less revenue. Russia is dumping money from its reserves into its economy. In time that means inflation will hit the Ruble hard.
The news is talking about what they have to write something, no matter what is left out. When admitting what information they lack makes for a less appealing story, the press leaves that out, acts like they know more than they know, and spin the story they want to spin.
Because Biden and Trudeau are restricting oil production in USA and Canada.
The ruble has gone from 2¢ to 1¢ over the last 10 years.
They are a second world country just like China. The label typically reserved for communist nations.
Their economics are on par with Mexico, Brazil and similar.
Can US citizens invest safely in Russian bonds paying 17%?
Not joking.
There's a reason it's 17%.
Nobody knows what Russia will be like after Putin.
Their whole system is set up so potentially it could collapse like a house of cards.
—> They are a second world country just like China.
Just an hour ago you said they are a third world economy.
I’m amazed at their rapid progress.
I don’t know where it stands with the sanctions.
I do know that I almost shorted one of the Russian energy companies before the invasion.
I went from sad and missing out on profits to happy as they would not allow us to buy stock in these companies after the invasion. the shorts had big paper profits but could not buy back to realize them. I don’t know if or how that worked out.
“Obviously you don’t know the FR Posting rules - You need permission from the Paid AI Ukrainian Cheerleaders “
Cheerleaders is being too nice to that crowd, try bloodthirsty warmongers.
I suspect that you are confusing me with someone else although I would use third world before first world as $11,000/gdp per capita is much closer to third than first world.
This is true but the initial buyers are getting big discounts.
The first 4 months of the invasion, the ruble rallied indicating that he seemed to be defeating the sanctions.
all of sudden it got crushed despite higher fuel prices which should mean higher demand for rubles.
IMO as the bills came due-he got squeezed by his evading sanctions partners.
Their whole system is set up so potentially it could collapse like a house of cards.
———-
More likely the debt ridden US with debt 130 percent of its GDP , Russian debt to GDP is 17 percent…..the numbers show the U.S. more likely to collapse at any moment.
It’s all monopoly money here in USA.
The US is borrowing at 4 1/2%.
Russia is borrowing at almost 17%.
......the numbers show Russia’s creditworthiness is worse than my neighbor with a 400 credit score.
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