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Russian economy grinding to a halt as Ukraine crisis takes heavy toll
Reuters ^ | March 24, 2014 | Darya Korsunskaya

Posted on 03/24/2014 9:43:37 AM PDT by Berlin_Freeper

MOSCOW (Reuters) - Russia's economy is barely growing, inflation is rising fast, and capital is pouring out of the country, the Economy Ministry said on Monday, a sign that international tensions around Ukraine are already inflicting severe economic costs.

In February Russia's gross domestic product eked out growth of just 0.3 percent year-on-year, down from 0.7 percent in January, Russia's Deputy Economy Minister Andrei Klepach said.

Last year the economy grew by just 1.3 percent, far below initial forecasts, but there had been hopes that growth would rebound this year. Instead Russia's economic performance is deteriorating further as the international tensions around Ukraine lead capital to flee Russia.

(Excerpt) Read more at vagazette.com ...


TOPICS: Business/Economy; Extended News; Foreign Affairs; Russia
KEYWORDS: russia; ukraine; viktoryanukovich; yuliatymoshenko

1 posted on 03/24/2014 9:43:37 AM PDT by Berlin_Freeper
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To: Berlin_Freeper

Coming to a country near you soon.


2 posted on 03/24/2014 9:46:12 AM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Jim Robinson

er, near us.


3 posted on 03/24/2014 9:46:46 AM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Berlin_Freeper

How many children have starved to death since the US imposed sanctions? Obama has blood on his hands...


4 posted on 03/24/2014 9:47:39 AM PDT by Cowboy Bob (They are called "Liberals" because the word "parasite" was already taken.)
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To: Berlin_Freeper

This isn’t any news!! USSR operated this way for multiple years! Pretend to work - pretend to get paid economy.


5 posted on 03/24/2014 9:47:58 AM PDT by SIRTRIS
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To: Jim Robinson

I do believe it has already arrived. Some years ago.


6 posted on 03/24/2014 9:53:17 AM PDT by Psalm 144 (FIGHT! FIGHT! SEVERE CONSERVATIVE AND THE WILD RIGHT!)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Thanks Berlin_Freeper.


7 posted on 03/24/2014 9:53:58 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: Cowboy Bob

Off your meds?


8 posted on 03/24/2014 9:57:27 AM PDT by wideawake
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To: Berlin_Freeper

He took Crimea, now he has to care for it.


9 posted on 03/24/2014 9:58:20 AM PDT by HiTech RedNeck (Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
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To: wideawake

I think, a joke!


10 posted on 03/24/2014 9:59:13 AM PDT by HiTech RedNeck (Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
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To: Psalm 144

Yeah, you’re right. Sounds like Obamaland.


11 posted on 03/24/2014 9:59:27 AM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: wideawake
Off your meds?
Sovietsky fever is incurable.
12 posted on 03/24/2014 10:01:32 AM PDT by Samogon (Wise men talk because they have something to say; fools, because they have to say something. - Plato)
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To: wideawake

Or else the latest FSB payment arrived.


13 posted on 03/24/2014 10:02:41 AM PDT by A Formerly Proud Canadian ( I once was blind, but now I see...)
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To: SIRTRIS

I had thought the old Soviet Union/Russian Federation had busted its horns long ago with the debacle that was Afghanistan. The Russian Mafia set up and made sure the cash flow from petroleum and natural gas was coming in, but there has been little real dynamic growth of a wider industrial base.

Now, the supply of petroleum and natural gas from the Russian heartland is under a threat of a great deal of disruption. This does not bode well for either Russia or the bulk of European countries that have come to depend on the natural gas supply.


14 posted on 03/24/2014 10:03:04 AM PDT by alloysteel (Obamacare - Death and Taxes now available online. One-stop shopping at its best!)
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To: Berlin_Freeper
Russian economy grinding to a halt as Ukraine crisis takes heavy toll

Economies don't fare well under tyrannies...that's both East and now West.

15 posted on 03/24/2014 10:07:09 AM PDT by FreeReign
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To: Berlin_Freeper
Ultimately, Russia depends on energy exports for hard currency.

The Ukraine is its path to European exports.

Russia tried to make an end run around Ukraine with the South Stream project, but costs have ballooned to $75B by some estimates.

Running roughshod over Ukraine is cheaper than building an expensive pipeline to nowhere.

Ukraine had three main points of access to the Black Sea: the Crimean peninsula, the mouth of the Dnieper and the mouth of the Dniester.

Russia now has Crimea. It is threatening the Dnieper in the east by massing troops, and it is threatening the Dniester in the west with its troops in Transnistria.

If it executes a pincers movement, the Ukraine will effectively be a landlocked country.

If the Ukraine tries to nationalize the Russian pipelines running through its territory in retaliation for aggression, they will hurt Russia, themselves and Europe.

Putin is playing a dangerous game and is betting that he can outlast any retaliation.

16 posted on 03/24/2014 10:10:05 AM PDT by wideawake
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To: wideawake

He’s gambling that Ukraine will say “Deal”.


17 posted on 03/24/2014 10:10:48 AM PDT by dfwgator
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To: wideawake
Off your meds?

Or satirizing the press's reaction whenever we would impose sanctions on a Middle Eastern country like Iraq. We impose sanctions at noon and the starving kids would be dropping in the street by 6 PM.

18 posted on 03/24/2014 10:18:03 AM PDT by KarlInOhio (Republican amnesty supporters don't care whether their own homes are called mansions or haciendas.)
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To: KarlInOhio

Point taken.


19 posted on 03/24/2014 10:21:26 AM PDT by wideawake
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Comment #20 Removed by Moderator

To: Berlin_Freeper

Like America, eh?


21 posted on 03/24/2014 11:07:56 AM PDT by SoFloFreeper
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To: Berlin_Freeper

Sounds like Red Dawn version 2.


22 posted on 03/24/2014 12:18:38 PM PDT by Resolute Conservative
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To: Berlin_Freeper

Reports are that Putin is worth $70 Billion dollars. If so, I’m pretty sure Russia will stay the course and not worry about the downside to Russian people. Remember that Putin worked for a many years in an organization that waged relentless war on the citizens of Russia. He’s immune to sympathy and pity for his fellow Russians. He’s as phony as Obama and as queer as his man boobs.


23 posted on 03/24/2014 12:28:36 PM PDT by elhombrelibre (Against Obama. Against Putin. Pro-freedom.)
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To: elhombrelibre

I view Putin as head of the Russian Mafia.

When the money gets really tight, I wouldn’t be surprised if Putin’s gangster buddies knock him off.

I bet he attends less meetings now.


24 posted on 03/24/2014 12:45:54 PM PDT by Berlin_Freeper
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To: Berlin_Freeper
See this:

http://www.therichest.com/celebnetworth/politician/president/vladimir-putin-net-worth/

25 posted on 03/24/2014 12:54:36 PM PDT by elhombrelibre (Against Obama. Against Putin. Pro-freedom.)
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To: elhombrelibre
Ukraine billionaire sought by US has key to ‘Putin gas cash’
“The point is to deepen the fractures within the Russian elite. The idea is to weaken Putin so he can be contained.”
26 posted on 03/24/2014 1:18:31 PM PDT by Berlin_Freeper
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To: Berlin_Freeper

Finally a thread for all the Freepers who think Russia is a superpower and a major threat to Amerika.


27 posted on 03/24/2014 2:13:36 PM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Berlin_Freeper

Why would Putin and his cronies care about the Russian economy? It’s working for them. Look at any Democrat-run city in America.


28 posted on 03/24/2014 5:49:16 PM PDT by 1010RD (First, Do No Harm)
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