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1501  Economy / Economics / Re: LMAO: India resells Russian oil to the European Union. on: June 22, 2022, 09:39:55 PM
By the way, the question is - what do you think - Maduro, in Venezuela, in the country with the largest oil deposits, is interested in where to sell oil? US and EU for dollars and Euros, or China for yuan? Or maybe .... for Russian rubles? Smiley Maduro is certainly an "interesting type", but he's not an idiot! Smiley That is why the ban on the sale of oil to normal world markets is lifted from Venezuela ...
You may be surprised, but in 2020, under pressure from US sanctions, Rosneft ceased operations in Venezuela and sold all its local assets to a company that is 100% owned by the Russian government. At that time, Russian companies controlled 70% of all oil produced in Venezuela.
1502  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: June 22, 2022, 03:51:24 AM
Lithuania has created a casus belli by restricting the transit of cargo to the Kaliningrad region. Russia will have to give an adequate response to this demarche.

In general, Russia needs the Baltic states so that the Kaliningrad region ceases to be an exclave. As well as the southern regions of Ukraine, which create a land corridor to the Crimea (and, logically, should be extended to Transnistria through control over the Nikolaev and Odessa regions). This can be considered an operation to restore the territorial integrity of Russia within the boundaries of its self-identity, as a territory with a predominance of the Russian-speaking population.
Lithuania didn't started Kaliningrad blockade like Russia is trying to show. They simply don't allow to transit sanctioned goods through railway of Lithuania, what is normal thing.
For Russia, this does not look normal, like a land blockade of its exclave.

Now you're saying that Russia needs these territories for their territorial integrity and self-identity, but didn't you said some time ago that Russia don't need other territories as they have enough their own land?
Exclaves are not a problem for Russia as long as good partnerships are maintained with neighboring states. Ukraine and the Baltic States are infected with Nazism and cultivate Russophobia - this exacerbates the issue of a land corridor to Kaliningrad and Crimea. I think this issue will be resolved.

And following your logic which you apply to Crimea and territory with Russian speaking majority, Kaliningrad isn't even Russian land, what Russia are doing there?
There are historical reasons why the Kaliningrad region is part of Russia, and they are quite reasonable. This is not a matter of logic, but a fait accompli.

Lithuania has created a casus belli by restricting the transit of cargo to the Kaliningrad region. Russia will have to give an adequate response to this demarche.

I agree, they should give Königsberg back to Germany. This would solve the transit problem.
Secretary of the Russian Security Council Patrushev flew to Kaliningrad yesterday for a scheduled off-site meeting of the Security Council, but the issue of surrendering Koenigsberg to Germany is unlikely to be on the agenda. From Kaliningrad, the whole of Europe is very conveniently shot through by Iskanders. Although it is all shot through from the Caspian Sea with Calibers, but nonetheless. Grin

Strong ruble is bad for export, which is all that Russia really has (oil/gas). It would be good for import but most imports are under sanctions.

This is part of the reason why ruble is rising - very few businesses in Russia need foreign currency anymore. And there are restrictions on moving it.

In Soviet Union the ruble was "equal" to about 1.5 USD. We (well, except Branko and be.open and a few other purveyors of Kremlinism) know how that ended.
But look how beautiful - we are now witnessing the energy suicide of Europe. In the Netherlands, three mothballed coal-fired thermal power plants have already been launched. In Germany, gas-intensive production is under threat of stopping and ceasing to exist. In the summer, there is no injection, but the consumption of gas from underground storage facilities. Russia will suffer some discomfort from Western sanctions, but what margin of safety does Europe have?

Unstoppable? More like a Ponzi scheme at interest rates between 11 and 20 lately. You see, once again you are looking only at the information that somehow proves you point. You can support the Rouble by raising the interest rates, but you will have to print a plenty to pay for that. But hey, by all means, sell whatever you have and buy Roubles. Are you doing it now? Ah... it feels different when is your money and not just a post uh?
You better follow the Ukrainian hryvnia, the key rate there is now 25%. Grin
1503  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: June 21, 2022, 01:51:25 PM
Actually, I think the alternative cannot be discovered by rushing.
But, in order to stop Russia's aggression, the countries must also reduce their dependence on Russia, otherwise, the world economy will go like shit.  

I think, at this moment renewable energy seems to be the only way. Although it is expensive and difficult. But if you can use it properly, your dependence on Russia will decrease and Russia will also suffer because it will not be able to supply oil and gas.

Duke!
Meanwhile, Europe is drawing up emergency plans to switch back to coal after Russia cuts natural-gas supplies. Grin
1504  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: June 21, 2022, 11:27:20 AM
"On Lithuania" - is Russia really that much interested in those Baltic states? Seems that these three small countries has nothing interesting, no resources, no strategic valuable territory, technology. They only resource they have is people.
Lithuania has created a casus belli by restricting the transit of cargo to the Kaliningrad region. Russia will have to give an adequate response to this demarche.

In general, Russia needs the Baltic states so that the Kaliningrad region ceases to be an exclave. As well as the southern regions of Ukraine, which create a land corridor to the Crimea (and, logically, should be extended to Transnistria through control over the Nikolaev and Odessa regions). This can be considered an operation to restore the territorial integrity of Russia within the boundaries of its self-identity, as a territory with a predominance of the Russian-speaking population.
1505  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: June 21, 2022, 08:14:30 AM

The Kaliningrad thing is interesting for sure.  I've had (for years) a spider-sense that this (and the entrance through Turkish controlled territory to the Black Sea) were major potential flash-points.

Interference of any sort by Lithuania seems to be a bald-faced abandonment of the agreements which Russia made when Lithuania joined NATO.
It seems that the topic of Ukraine has already pretty tired everyone, and now all the attention of the politically active world community is riveted to the Suwalki Gap.
1506  Economy / Economics / Re: Russian Ruble Surpasses Brazil’s Real as Year’s Best-Performing Currency on: June 21, 2022, 07:50:11 AM
You are right, it is risky. But right now, Russia has an amazing window of opportunity to realize this. And it did not open on its own, Putin opened it with his pre-emptive invasion of Ukraine, which triggered Western economic sanctions and a mass exodus of Western companies from Russia, which themselves voluntarily freed the huge Russian market from their presence, creating favorable conditions for a large-scale transformation of Russia. I am not a big fan of Putin, but I truly admire the beauty of his strategy and the scope of his ambitions. It would have been much easier and safer to wait for Ukraine's invasion of the Donbass - and Russia would still have won, albeit with much greater human losses, but there would not have been this condemning pressure from the West on Russia, thanks to which Russia had a real chance for a painful transformation from another one country of the third world into the unifying power of the locomotive of the largest continent (which, by right of its birth and geographical location, it is). Let's see, Putin's speech yesterday at the economic forum in St. Petersburg gives a chance to hope that Russia will choose not the easy path of its development, but the right one.

I never expected the Russian economy to be this resilient. As of now, Russia is the most sanctioned country in the world. When the first set of sanctions were introduced, media channels such as CNN and BBC were predicting a complete economic meltdown in a matter of weeks, if not days. The initial indications were in that direction. The Russian Ruble exchange rate plummeted from around 70 to 140, and the stock markets collapsed completely. But then some miracle happened, and in the next few months all these loses were reversed. I regularly check the Western media, and they still publish all sort of scare stories about the Russian economy. But no one can deny the fact that the government did an amazing job to avert an economic meltdown.
Meanwhile, the Deputy Chairman of the Central Bank of Russia recently confirmed the abandonment of targeting the ruble exchange rate and the concentration on inflation targeting.
Quote
Any ideas related to course targeting, if implemented, will inevitably lead to a decrease in the effectiveness and loss of sovereignty of the economic policy being pursued.
Quote
If we bring our monetary policy so that our currency has some fixed or slightly fluctuating nominal rate against currencies where inflation is 8-10%, then our inflation will be the same. This is exactly the option that is unacceptable for us.
This confirms my assumption that Russia will try to take advantage of the window of opportunity that has opened for a systemic restructuring of its own economy, even if this promises to give up short-term profits due to current market conditions. Today, the ruble has strengthened to the level of 2015, less than 55 rubles per dollar.
1507  Economy / Economics / Re: LMAO: India resells Russian oil to the European Union. on: June 20, 2022, 06:19:56 PM
PS I don't blame India for anything. I can only express my personal opinion about the moral side of this or that act, to which I have every right. Like India, make decisions and explain your attitude to the problem. I just said that such a position could someday play a cruel joke on India. A passive or neutral position is, for example, when a bully beats a girl, and you are a healthy man, walk by and say - that's their business, I'm not alone, and give the bully a stone in his hand, because it turns out that the bully is your business partner. It's just that India is setting a very bad precedent. And when trouble happens to India, everyone will say - yes, this is a completely different problem, and why we will strain and suffer because of India or its problems. Although I sincerely wish that everything is fine in India and that there are no misfortunes, since I have a different attitude to other people's problems and tragedies ...
Let me remind you that Ukraine from the beginning of the operation and still carries out the transit of Russian gas through its territory to Europe and receives money from Gazprom for this. Don't you think it's too hypocritical to blame others for what you do yourself?
I did not know this, that sounds like a very weird situation. I mean what you are saying is that Russia gets rich from gas sales, and Ukraine is helping them get those sales and earn some profit from their profit as well, and at the same time Russia is sending missiles to them and bombing their nations?

How does that work? Like if you give me enough money I will ignore the bombs you are sending my way? Or like if my profits are up then I do not care if my workers died from a Russian soldiers gun? I do not know the logic behind this, I do not have any data to go on with, all I know is what you said, I do not know if what you said is true or not neither, but I really hope it is not true.
Well, now you know. A gas pipeline passes through Ukraine and Russian Gazprom pays Ukrainian Naftogaz for the transit of Russian gas from Russia to Europe at a rate of 41.7 million cubic meters of natural gas per day through the Sudzha gas metering station.
1508  Economy / Economics / Re: Russian Ruble Surpasses Brazil’s Real as Year’s Best-Performing Currency on: June 18, 2022, 01:27:48 PM
Right now, Russia is at a very interesting historical crossroads. Figuratively speaking, she needs to make a very difficult choice between two different paths of development, one of which is "easy" and the other is "right". The "easy" way is to continue to be a raw materials appendage and a gas station country, reorienting logistics routes from West to East. The "right" way is to block all the ways of capital outflow from the country to focus on internal development. Of course, this division is figurative, these two paths are largely intertwined and one does not exclude the other, it is more a matter of prioritization. But in many ways, it is the internal policy of the regulator in relation to the ruble exchange rate that will be a reliable indicator of which path Russia has chosen as its main priority.

Well.. I understand your viewpoint. But there are risks associated with the "right" option. Exporting raw materials and energy products is less risky, because there is growing demand across the globe and the prices doesn't vary from country to country. But using these materials to set up manufacturing units and then to export the finished products requires a lot of technological advancement as well as heavy investment. For example, both Germany and Japan use Russian gas to power the manufacturing units that produce automobiles and heavy engineering equipment. For Russia to manufacture these products at home is not easy. To build up the brand name and reputation alone, it will take many decades.
You are right, it is risky. But right now, Russia has an amazing window of opportunity to realize this. And it did not open on its own, Putin opened it with his pre-emptive invasion of Ukraine, which triggered Western economic sanctions and a mass exodus of Western companies from Russia, which themselves voluntarily freed the huge Russian market from their presence, creating favorable conditions for a large-scale transformation of Russia. I am not a big fan of Putin, but I truly admire the beauty of his strategy and the scope of his ambitions. It would have been much easier and safer to wait for Ukraine's invasion of the Donbass - and Russia would still have won, albeit with much greater human losses, but there would not have been this condemning pressure from the West on Russia, thanks to which Russia had a real chance for a painful transformation from another one country of the third world into the unifying power of the locomotive of the largest continent (which, by right of its birth and geographical location, it is). Let's see, Putin's speech yesterday at the economic forum in St. Petersburg gives a chance to hope that Russia will choose not the easy path of its development, but the right one.
1509  Economy / Economics / Re: Who will Replace Russian Gas Supplies to Europe? on: June 18, 2022, 08:23:37 AM
Should Germany should actually start a new Nuclear energy program to meet their energy needs? I'm a mere pleb, I don't know. The obvious answer, yes. I believe the United Kingdom has already started.

One of the problems with nuclear power is that everything is very slow there, it will take years, if not decades, to fully resume the European nuclear program. Another problem is with the source of enriched uranium supplies, which is approximately 40% controlled by Russia. There are also difficulties with unenriched uranium, it simply does not exist in Europe, and Africa does not seem to have the necessary enthusiasm to be a cash cow for its former colonialists.


 Shocked

Germany might have believed too much in its Renewable Energy program, that they might have thought they were not coming back to Nuclear Energy. Plus can Uranium be stored? Or can Russia use their Uranium exports to punish Europe/the U.S. again?
It's strange that this is surprising to you. Russia is a very strong player in the energy market, and in many aspects (including uranium enrichment). And of course, in the context of sanctions and the actual economic war between the West and Russia, Russia will use all its weighty arguments to secure victory or at least an advantage. The United States also cannot do without the supply of enriched uranium from Russia, it provides approximately 20% of all electricity generation at nuclear power plants in the United States.


Shower thought. Black Swan = World War III?

I believe if Germany and the restof Europe is pushed enough, they might strike back and use Ukraine as the entry.
Germany now does not have a combat-ready army capable of resisting Russia. No one in NATO, including the United States, has a combat-ready army capable of resisting Russia (which is why NATO is so diligently distancing itself from direct participation in the conflict in Ukraine). Don't be fooled, most European armies are decorative, like the Vatican Guards.

update:
Quote
The scheduled annual maintenance of the Turkish Stream will take place from 21 to 28 June.

Gas transportation along both strings of the Turkish Stream gas pipeline will be temporarily suspended from 21 to 28 June 2022 due to scheduled preventive maintenance.

The suspension of gas transportation was agreed upon by all interested parties in advance.
1510  Economy / Economics / Re: Russian Ruble Surpasses Brazil’s Real as Year’s Best-Performing Currency on: June 18, 2022, 08:06:02 AM
The US dollar is experiencing problems with inflation, that is, it is getting cheaper. The world's leading currencies, such as the euro, pound and yen, are depreciating against the dollar, that is, they are depreciating even more. It seems that the world economy can now be characterized by the words recession and stagflation. Russia is watching the ongoing processes, but does not seek to fall into this abyss along with everyone else, so the Central Bank of Russia does not make efforts to devalue the ruble, even if it is unprofitable for exporters. It is more important to maintain the stability of the domestic market and prevent devaluation shocks for the population. Russia has a huge margin of safety due to the National Welfare Fund and many years of living with a budget surplus. Let the dollar fall - the ruble will not fall even faster, but rather will strengthen, I expect a return to the level before 2014, when the dollar was worth 30-35 rubles.

Don't know if I can agree to this. In case the national currency gets devalued, then I believe that it is still manageable. Imports will get reduced, since they become more expensive, but for the exporters it will be beneficial. EMIs will go up and that will cause trouble for those who have taken the bank loans. citizens will be happy, as they get more returns from their term deposits. On the other hand, if the exchange rate gets strengthened, it will destroy the exporters. A lot of people may lose job. Farmers will be hit hard, as they need to sell their produce at a loss (especially wheat, sunflower oil.etc). On top of all this, the trade deficit will widen.
Right now, Russia is at a very interesting historical crossroads. Figuratively speaking, she needs to make a very difficult choice between two different paths of development, one of which is "easy" and the other is "right". The "easy" way is to continue to be a raw materials appendage and a gas station country, reorienting logistics routes from West to East. The "right" way is to block all the ways of capital outflow from the country to focus on internal development. Of course, this division is figurative, these two paths are largely intertwined and one does not exclude the other, it is more a matter of prioritization. But in many ways, it is the internal policy of the regulator in relation to the ruble exchange rate that will be a reliable indicator of which path Russia has chosen as its main priority.
1511  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: June 18, 2022, 06:47:38 AM
Donetsk is randomly fired on residential areas from Avdiivka in order to provoke Russia to storm it, which will entail many human casualties, which Russian generals want to avoid in every possible way, because there are very powerful fortified areas of the Armed Forces of Ukraine. I think Avdeevka has a chance to repeat the fate of Azovstal and become the second object in Ukraine that will have to be bombed with heavy high-explosive bombs.
What's the point for Ukraine would be to provoke Russia to attack Avdiivka? I really can't understand such logic.
The logic is very simple - Ukraine now really needs some kind of significant military victory over Russia, so that the flow of military aid from the West will increase significantly and not dry up at all. And for this, to provoke Russia into a suicidal assault on the powerful fortified areas in Avdiivka is a good enough idea. Yesterday, at an economic forum in St. Petersburg, Putin said that a direct assault on Avdiivka is not expedient (in other words, Russia cannot afford it now).

Now, in response, explain what logic Russia has to shell the residential areas of Donetsk, when the DPR is an ally of Russia in this operation and the main goal of Russia is to protect the Donbass?
1512  Other / Politics & Society / Re: Biden resorts to negotiations with Putin on: June 17, 2022, 09:21:31 PM
The general concensus among political experts is that this conflit can not be won, the end can only be negotiated. But at this point it's hard to see what agreement would satisfy both parties. Hell, even Puttin wanted a negotiation, but he wanted it from a higher plain of power by taking Kyev and forcing the government to negotiate. I think Ukrain will have to give more than they want to. But what? I am guessing at least Crimea.
Crimea became part of Russia in 2014 and this is not a subject for negotiations with Ukraine. Kherson and Zaporozhye regions are no longer a subject for negotiations with Ukraine. Odessa and Nikolaev regions are not yet under the control of Russia, but definitely in the sphere of its interests. Ukraine's problem is that it will not be able to pay off only these areas so that Russia stops its military operation. Because the goals of the operation declared by Putin include the whole of Ukraine (and it’s good if they are limited only to it). And it is unlikely that Ukraine is ready to give up all of its territory in exchange for a cessation of hostilities with Russia, so I do not see any prospects for peace negotiations now, at least with Zelensky. And what is Biden ready to offer Putin in exchange for ending the military operation in Ukraine?.
1513  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: June 17, 2022, 08:25:04 PM
Another russian "caмoтoп" (selfdrown can) was hit by ukrainian ASM "Harpoon"
A typical Ukrainian peremoga, is the Vasily Bekh rescue tugboat with a civilian crew.

.. but I wouldn't deny possibility that some of it may be taken in control of occupants and now used for such false flag attacks.
Donetsk is randomly fired on residential areas from Avdiivka in order to provoke Russia to storm it, which will entail many human casualties, which Russian generals want to avoid in every possible way, because there are very powerful fortified areas of the Armed Forces of Ukraine. I think Avdeevka has a chance to repeat the fate of Azovstal and become the second object in Ukraine that will have to be bombed with heavy high-explosive bombs.
1514  Economy / Economics / Re: LMAO: India resells Russian oil to the European Union. on: June 17, 2022, 10:57:53 AM
PS I don't blame India for anything. I can only express my personal opinion about the moral side of this or that act, to which I have every right. Like India, make decisions and explain your attitude to the problem. I just said that such a position could someday play a cruel joke on India. A passive or neutral position is, for example, when a bully beats a girl, and you are a healthy man, walk by and say - that's their business, I'm not alone, and give the bully a stone in his hand, because it turns out that the bully is your business partner. It's just that India is setting a very bad precedent. And when trouble happens to India, everyone will say - yes, this is a completely different problem, and why we will strain and suffer because of India or its problems. Although I sincerely wish that everything is fine in India and that there are no misfortunes, since I have a different attitude to other people's problems and tragedies ...
Let me remind you that Ukraine from the beginning of the operation and still carries out the transit of Russian gas through its territory to Europe and receives money from Gazprom for this. Don't you think it's too hypocritical to blame others for what you do yourself?
1515  Economy / Economics / Re: Who will Replace Russian Gas Supplies to Europe? on: June 17, 2022, 05:51:47 AM
Should Germany should actually start a new Nuclear energy program to meet their energy needs? I'm a mere pleb, I don't know. The obvious answer, yes. I believe the United Kingdom has already started.
One of the problems with nuclear power is that everything is very slow there, it will take years, if not decades, to fully resume the European nuclear program. Another problem is with the source of enriched uranium supplies, which is approximately 40% controlled by Russia. There are also difficulties with unenriched uranium, it simply does not exist in Europe, and Africa does not seem to have the necessary enthusiasm to be a cash cow for its former colonialists. Another problem is the dramatic drop in the level of competence of European engineers in nuclear power. France's attempt to build a nuclear power plant in Finland in the early 2000s ended in complete failure, exceeding the original budget by three times. In general, there are a number of serious difficulties for Europe in this direction. And given that the most powerful Zaporozhye NPP in Europe actually left the European energy system and moved into the Russian energy system, there are already difficulties with load balancing in Europe, because windmills and solar panels are an unstable source of electricity, energy generation at night and in the absence of wind (or on the contrary, if the wind is too strong), it can drop to zero on them.

I don’t know what is in the head of European politicians who are overly enthusiastic about the green agenda, but there is a suspicion, turning into confidence, that there is burnt porridge.
1516  Economy / Economics / Re: Russian Ruble Surpasses Brazil’s Real as Year’s Best-Performing Currency on: June 17, 2022, 04:30:30 AM
For the last two weeks or so, the Ruble has remained at levels of 55-60 against the USD. And this is not beneficial for the Russians at all. Now a large part of the hydrocarbon trade has moved to RUR and the increased strength of the national currency means that the Russian government will be receiving less Rubles from the export duty and mineral extraction tax (MET). That said, I don't understand why the finance ministry is not taking steps to devalue the Ruble. Doing so is much easier, when compared to strengthening the currency. As of now, everyone is losing out, including the wheat farmers, coal miners and oil companies. 
The US dollar is experiencing problems with inflation, that is, it is getting cheaper. The world's leading currencies, such as the euro, pound and yen, are depreciating against the dollar, that is, they are depreciating even more. It seems that the world economy can now be characterized by the words recession and stagflation. Russia is watching the ongoing processes, but does not seek to fall into this abyss along with everyone else, so the Central Bank of Russia does not make efforts to devalue the ruble, even if it is unprofitable for exporters. It is more important to maintain the stability of the domestic market and prevent devaluation shocks for the population. Russia has a huge margin of safety due to the National Welfare Fund and many years of living with a budget surplus. Let the dollar fall - the ruble will not fall even faster, but rather will strengthen, I expect a return to the level before 2014, when the dollar was worth 30-35 rubles.
1517  Economy / Economics / Re: Who will Replace Russian Gas Supplies to Europe? on: June 17, 2022, 03:24:23 AM
BTW, from what I heard the reason for the latest supply cut is not political. One of the pumping stations for Nord Stream 1 had to be shut down, since Siemens refused to repair it (they can't, as a result of the sanctions). So this particular section had to be shut down and it directly impacted the overall capacity of the pipeline.
The Siemens turbine was taken to Canada for repairs and cannot be brought back due to sanctions. Gazprom stopped another turbine "due to the impossibility of safe operation." As a result, in two days, the volume of gas through Nord Stream fell from 170 to 67 million tons per day, and the price of gas in Europe increased by 40%.

ps Canada reports talks with Germany on Siemens-made Nord Stream 1 equipment
1518  Economy / Economics / Re: Who will Replace Russian Gas Supplies to Europe? on: June 16, 2022, 06:47:07 PM
There is nothing irreplaceable in this world. It would be desirable to look for other options.
Well, walk around the market, look for other options. It looks like Nord Stream will close completely soon and gas in Europe will rise in price even more, if +40% to the price in a couple of days seems not enough for you. Surely, for such a good price, there are other gas suppliers to Europe, except for Russia. Grin
1519  Economy / Economics / Re: Russian Ruble Surpasses Brazil’s Real as Year’s Best-Performing Currency on: June 16, 2022, 04:06:32 PM
I will be extremely brief - if what you NOW call "good", then I'm even scared to imagine what happened to you and your country before today's period Huh
Now it becomes absolutely clear why you do not trust the Russian banking system ("I do not keep large savings in a bank deposit.")
I do not trust the banking system, not because it is Russian, but because it is a banking system. That's why I'm here.

"during the sanctions of 2014 after the annexation of Crimea, it was much worse" but this is generally interesting! Smiley I.e. actually absent sanctions gave a very negative result, and total sanctions - you only feel better? Excuse me - you are either lying or delusional ... Although stop .. There is another option - you just never saw what it is to live well Smiley
I don’t want to offend you, honestly, no offense, it’s just that this phrase is absolutely open illogicality or lies.
The sanctions of 2014 immediately halved the exchange rate of the ruble against the dollar and, accordingly, many goods also doubled in price, and the ruble exchange rate never returned back then, unlike the events of this spring. Therefore, every Russian painfully felt the sanctions of 2014 on his pocket. Now the ruble exchange rate has again fallen by half at first, but then quickly recovered to its original level and even better, so the impact of sanctions is much less noticeable.

Maybe in response you will share your impressions of how to live in a bankrupt country with an economy paralyzed by military operations, with a halved GDP, devaluation of the hryvnia and a key rate of 25%, which makes any commercial activity impossible except for short-term speculation? What is it like to be completely dependent on subsidies and handouts from the West?
1520  Economy / Economics / Re: Russian Ruble Surpasses Brazil’s Real as Year’s Best-Performing Currency on: June 16, 2022, 09:57:37 AM
And tell me, do you seriously think that by repeating propaganda slogans, denying the real picture of global changes, everything will be fine in your country? No, it will not ! There is an ancient saying - no matter how much you say halva, it will not become sweet in your mouth. So are you, cyclically repeating propaganda slogans, I hope that you will not be touched by the total problems approaching Russia. But I’ll give you credit, at least you don’t just copy-paste “from manuals”, you translate these slogans into your own words, and even dilute them with additional information. True, from the same propaganda sources, but believe me, against the background of 99% of primitive repeaters of the "spells" of Putin's nonsense, you look much better! Yes, and thank you - each of your answers (unless, of course, you pretend that you didn’t notice the question for which there are no blanks in the training manuals), this is a reason to smile, I really like it, it’s very cool Smiley
I seriously think that everything is fine in Russia even now. You can always do something better, but this is not a reason to indiscriminately deny existing achievements. Thanks for the kind words.

Speaking of sanctions, let me once again remind you of the question - if everything is so fine, why in Russia, at every opportunity, are they trying to persuade the West to lift sanctions? A conspiracy of the Kremlin's enemies of Russia? Smiley
The world has been inspired by the ideas of globalization for quite a long time, and as a result, the world economy turned out to be saturated with interdependencies, many of which are hidden and not obvious, and their influence is fully manifested only at the moment of rupture of ties. In general, Russia is doing well, with little debt, a chronic budget surplus, food security, an abundance of energy resources and a colossal surplus of raw materials - all this allows us to look to the future with confidence. The West underestimated the influence of Russia on the world economy, if you look at the extractive industries and subtract all sorts of inedible futures and services, you will get Russia's share in the world economy not 1.5%, but at least 6.5% (or even all 10%). And if Western sanctions threaten Russia with the speed of sustainable development, they put the West itself on the brink of existence. I will illustrate the idea with a fresh example. The other day, Canada refused to return a Siemens turbine to Gazprom from repair due to sanctions, and Gazprom had to reduce gas transmission through Nord Stream by two thirds, which caused the price of gas to rise by 25%. It turns out that the sanctions were imposed against Russia, and it is Europe that suffers from them first of all. Moreover, the United States introduces sanctions against Russia very selectively and often cancels it if it becomes unprofitable for it. I think that Biden and Putin agreed during the meeting last year how to divide Europe. Europe in this story is definitely a trophy and a victim, it pays for everything.

And another question - since everything is so beautiful, what are the reasons for these two facts:
- the recently adopted law, which allows Putin to single-handedly manage the deposits of the population, at his own discretion, including freezing "and other measures." What does the seizure "for the good of the motherland" mean, though it is not openly spoken about, but other measures are hidden behind the phrase ""? By the way, do you have savings that are in banks? Smiley
Difficult to answer, I don't know what kind of law you mean, please clarify. I don't keep large savings in a bank deposit.

- 80% of Russians started saving in the spring of 2022. Most of the respondents said that they are trying to save on everything (44%), some even on food, follows from a survey by the Zarplata.ru service. The main reason for savings 61% of respondents named the increase in prices. But you obviously don’t fall into these 80% of losers, did I guess correctly? Smiley
My financial situation has known better times than today. But I take this calmly, during the sanctions in 2014 after the annexation of Crimea, it was much worse, during the crypto winter in 2018-19, perhaps, too. I do not make of consumption a religion or a cult.
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