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Author Topic: Sanctions left and right, Can the Russian economy survive?  (Read 992 times)
BuNga_cute
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March 09, 2022, 11:04:26 PM
 #61

The global economy is highly interconnected. Problems in the economy in one country affect others in one way or another. The troubles associated with the current geopolitical situation will be experienced by many countries in the world. For example, an increase in the price of hydrocarbons is already significantly noticeable.

No matter how many and diverse resources a country has, it is almost impossible to resist the whole world. If this senseless and harmful to citizens confrontation doesn't stop, then the economy in Russia will experience great difficulties. Don't forget also that until recently the world economy was stormy due to the pandemic. These problems overlap and worsen the consequences. The share of Russia in the world economy was already insignificant, but now it will decrease even more.


This is why it is going to be difficult for Russia to keep this war for a long period of time, the Russian citizens are getting nothing out of this invasion and instead they are also suffering greatly because of it, if the conflict extends itself and Russia cannot win there quickly then the damages to their economy could set them back by decades, so even if Russia can withstand the initial effects of the sanctions against them we do no know if it can withstand the long term effects that they have yet to experiment.

War will always have a bad effect, so Russia should stop its invasion to Ukraine. If it continues and is prolonged, the two countries will suffer,
especially civilians who do not know anything. Actually all problems can be solved in a good way, there is no need for war to occur. I always hope
that the problems of Russia and Ukraine can be resolved peacefully, the Russian government should really think about the impact of this war,
because in the end the victims will be Russian citizens themselves. Not only Russian citizens living in Russia, but Russian citizens living in western
countries, most of their business stops and this is certainly a big problem. If the war is not stopped soon I believe Russia will get more and more
pressure and criticism not only from western countries. In the long run the Russian economy could be threatened if the war continues, and this will
surely make Russian citizens suffer even more. However, the consequences of war are very great, war should be carried out only in a state of urgency,
if it can still be resolved peacefully, why not implement it.

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March 09, 2022, 11:19:28 PM
 #62

The global economy is highly interconnected. Problems in the economy in one country affect others in one way or another. The troubles associated with the current geopolitical situation will be experienced by many countries in the world. For example, an increase in the price of hydrocarbons is already significantly noticeable.

No matter how many and diverse resources a country has, it is almost impossible to resist the whole world. If this senseless and harmful to citizens confrontation doesn't stop, then the economy in Russia will experience great difficulties. Don't forget also that until recently the world economy was stormy due to the pandemic. These problems overlap and worsen the consequences. The share of Russia in the world economy was already insignificant, but now it will decrease even more.


This is why it is going to be difficult for Russia to keep this war for a long period of time, the Russian citizens are getting nothing out of this invasion and instead they are also suffering greatly because of it, if the conflict extends itself and Russia cannot win there quickly then the damages to their economy could set them back by decades, so even if Russia can withstand the initial effects of the sanctions against them we do no know if it can withstand the long term effects that they have yet to experiment.

War will always have a bad effect, so Russia should stop its invasion to Ukraine. If it continues and is prolonged, the two countries will suffer,
especially civilians who do not know anything. Actually all problems can be solved in a good way, there is no need for war to occur. I always hope
that the problems of Russia and Ukraine can be resolved peacefully, the Russian government should really think about the impact of this war,
because in the end the victims will be Russian citizens themselves. Not only Russian citizens living in Russia, but Russian citizens living in western
countries, most of their business stops and this is certainly a big problem. If the war is not stopped soon I believe Russia will get more and more
pressure and criticism not only from western countries. In the long run the Russian economy could be threatened if the war continues, and this will
surely make Russian citizens suffer even more. However, the consequences of war are very great, war should be carried out only in a state of urgency,
if it can still be resolved peacefully, why not implement it.
It not only damages both countries but also affects the global economy. Everyone is going through a period of high inflation when the price of oil, the price of essential commodities has skyrocketed due to the effects of the war.
The two countries should end this war as soon as possible.
Russia is a great power, if it gets deeply involved in this war, Russia will be the one to bear the heaviest losses.



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Rainbot
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March 10, 2022, 11:28:17 AM
 #63

-snip
It not only damages both countries but also affects the global economy. Everyone is going through a period of high inflation when the price of oil, the price of essential commodities has skyrocketed due to the effects of the war.
The two countries should end this war as soon as possible.
Russia is a great power, if it gets deeply involved in this war, Russia will be the one to bear the heaviest losses.
Russia might be smiling now knowing that the effect is widespread and doesn't only happen to them. Instead of feeling down or feeling pressured, they are going to feel calm while others can't help but feel the opposite thing. They are blaming Russia now for the effects that they feel.

Pretty sure Ukraine wants to this war now badly, the more that we wish but the decision was all up to Russia. Their mindset is different from us or to Ukrainians. Until now there is still news about the war, they keep updating if what are Russia's latest actions against Ukraine. Are there any countries before which economies have not survived? I guess there aren't any yet. Russia can for sure survive this too.

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March 10, 2022, 06:48:09 PM
 #64

-snip
It not only damages both countries but also affects the global economy. Everyone is going through a period of high inflation when the price of oil, the price of essential commodities has skyrocketed due to the effects of the war.
The two countries should end this war as soon as possible.
Russia is a great power, if it gets deeply involved in this war, Russia will be the one to bear the heaviest losses.
Russia might be smiling now knowing that the effect is widespread and doesn't only happen to them. Instead of feeling down or feeling pressured, they are going to feel calm while others can't help but feel the opposite thing. They are blaming Russia now for the effects that they feel.

Pretty sure Ukraine wants to this war now badly, the more that we wish but the decision was all up to Russia. Their mindset is different from us or to Ukrainians. Until now there is still news about the war, they keep updating if what are Russia's latest actions against Ukraine. Are there any countries before which economies have not survived? I guess there aren't any yet. Russia can for sure survive this too.
Putin has been preparing this war for long so i think the Russian economy can still survive which is considered the 11th biggest economy in the world. But it would be a very complicated economy for sure. With all the unprecedented international sanctions against Russia, clearly its economy right now is not doing good. But if Putin will chose not to end this war, its always expected that there will be extension of international sanctions against Russia and the people will definitely experience the hardest part as these sanctions will cut off all their necessities and everything essentials in life.

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March 11, 2022, 06:20:09 PM
 #65

Putin has been preparing this war for long so i think the Russian economy can still survive which is considered the 11th biggest economy in the world. But it would be a very complicated economy for sure. With all the unprecedented international sanctions against Russia, clearly its economy right now is not doing good. But if Putin will chose not to end this war, its always expected that there will be extension of international sanctions against Russia and the people will definitely experience the hardest part as these sanctions will cut off all their necessities and everything essentials in life.

I think the Russian economy can still survive since Russia is a natural producer of gas and oil. It can sell those resources to its allies in order to become self-sustainable. I guess Russia will create its own payment system that would be an alternative to SWIFT in order to become immune from sanctions in the future. That, combined with the use of cryptocurrencies, should make the Russian economy rise from the ground up.

With China by its side, you can bet the Russian economy won't be like this for long. Putin knows this, that's why he hasn't stopped the war with Ukraine. Unless the West and the EU impose sanctions on Russia's allies, things will only get worse. Who knows what will happen with Russia by the end of the year? Just my thoughts Grin

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March 11, 2022, 09:16:28 PM
 #66

Putin has been preparing this war for long so i think the Russian economy can still survive which is considered the 11th biggest economy in the world. But it would be a very complicated economy for sure. With all the unprecedented international sanctions against Russia, clearly its economy right now is not doing good. But if Putin will chose not to end this war, its always expected that there will be extension of international sanctions against Russia and the people will definitely experience the hardest part as these sanctions will cut off all their necessities and everything essentials in life.

I think the Russian economy can still survive since Russia is a natural producer of gas and oil. It can sell those resources to its allies in order to become self-sustainable. I guess Russia will create its own payment system that would be an alternative to SWIFT in order to become immune from sanctions in the future. That, combined with the use of cryptocurrencies, should make the Russian economy rise from the ground up.

With China by its side, you can bet the Russian economy won't be like this for long. Putin knows this, that's why he hasn't stopped the war with Ukraine. Unless the West and the EU impose sanctions on Russia's allies, things will only get worse. Who knows what will happen with Russia by the end of the year? Just my thoughts Grin
True. With China that is still supporting Russia, it can never fall into its worst condition. At the end of the day, these sanctions will never create negative impact on their country because Putin has already anticipated it before he started this war. But even so, the fact that all Russians have been hard for them to live a normal life like before, then these sanctions will always be detrimental for them. Putin may not admit it but now all his power and connections have become irrelevant and are slowly dying because of the aggression that he started.
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March 11, 2022, 10:00:20 PM
 #67

Putin has been preparing this war for long so i think the Russian economy can still survive which is considered the 11th biggest economy in the world. But it would be a very complicated economy for sure. With all the unprecedented international sanctions against Russia, clearly its economy right now is not doing good. But if Putin will chose not to end this war, its always expected that there will be extension of international sanctions against Russia and the people will definitely experience the hardest part as these sanctions will cut off all their necessities and everything essentials in life.

I think the Russian economy can still survive since Russia is a natural producer of gas and oil. It can sell those resources to its allies in order to become self-sustainable. I guess Russia will create its own payment system that would be an alternative to SWIFT in order to become immune from sanctions in the future. That, combined with the use of cryptocurrencies, should make the Russian economy rise from the ground up.

With China by its side, you can bet the Russian economy won't be like this for long. Putin knows this, that's why he hasn't stopped the war with Ukraine. Unless the West and the EU impose sanctions on Russia's allies, things will only get worse. Who knows what will happen with Russia by the end of the year? Just my thoughts Grin
True. With China that is still supporting Russia, it can never fall into its worst condition. At the end of the day, these sanctions will never create negative impact on their country because Putin has already anticipated it before he started this war. But even so, the fact that all Russians have been hard for them to live a normal life like before, then these sanctions will always be detrimental for them. Putin may not admit it but now all his power and connections have become irrelevant and are slowly dying because of the aggression that he started.

The negative impact will always be there after this war. But with the help of China on the other side, they can slowly regain whatever is left on their country. It would be very hard if they will do it all alone. But because China, another superpower, is not joining these sanctions, they have hope to recover. But it would be long and slow just like in Ukraine. Up until now, we don't know what will be the aftermath of this war. Will this be over soon or will extend up until there's no more left on Ukraine? This is hard to believe that this war is happening in this 21st century, but some really did predict that Putin will resort to this war.
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March 11, 2022, 10:13:14 PM
 #68

Honestly, we can't underestimate the capability of Russia. They have good economic resources that could help them recover fast and even if the war stays longer, they are still able to provide a good living to their people. Putin is a smart person nor does he thinks this put their country to fall as for sure he never allows it.

https://geohistory.today/resource-extraction-export-russia/
With all of these resources, Russia will surely survive even sanctions take effect. 

R


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March 11, 2022, 10:46:40 PM
 #69

You think that Russia started the war all of a sudden without thinking. He has been preparing himself for this for years. He was aware of all the consequences he would face. So he already has all the alternative needed right on his hands. He has China with him, which is going to be a huge backup for him. Like, when Master and Visa decided to stop providing them services, Putin has already started to work with Unipay, a Chinese owned payment processor. Yes, Russia will survive the economy in the long run. And if they decide to use crypto currencies, it will be more easy for them to survive.

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March 11, 2022, 10:57:21 PM
 #70

Honestly, we can't underestimate the capability of Russia. They have good economic resources that could help them recover fast and even if the war stays longer, they are still able to provide a good living to their people. Putin is a smart person nor does he thinks this put their country to fall as for sure he never allows it.

https://geohistory.today/resource-extraction-export-russia/
With all of these resources, Russia will surely survive even sanctions take effect. 

The analysts don't agree with you. Some say Russia has only 6 months left, others that it's going to be 10 months, but all are agreeing that Russia will have to stop the war this year or go bankrupt.

It's probably going to be too long for Ukraine anyway because I doubt they can keep fighting if Russia dedicates everything to war for the next 6 months. At the same time these two are destroying each other because after another 6 months of fighting Ukraine will be a graveyard full of bodies from both sides and Russia will be out of every possible group and event. No sports, no music, no food in stores, even China won't have anything to do with them if they keep killing for many months.

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March 11, 2022, 11:42:31 PM
 #71

With the Russian invasion of Ukraine, almost all sectors & big businesses in Russia have been hit with huge Sanctions against them both from the United States, the United Kingdom and other internationally related bodies. Sanctions have hit the Russian central bank, other small russian banks, big business and companies in Russia from airlines to manufacturing have been affected as well and many assets private and government owned has been frozen.

-Do you think Russia can survive, and how can they survive the harsh economic realities that they are about to experience? Are the sanctions sufficient to push Putin into a decision to stop the invasion?

They can somehow survive but the economic impacts would have significant damage to the Russian economy to the point that it might drive inflation worse.

Unfortunately, this bloody and unnecessary war has brought Russian citizens as the collateral to Putin's decision as a tyrant. The effects would be felt and its citizens would have to suffer from such decision. In order to at least mitigate the damage, the government must look for alternatives to its allies (looking at you China) in order to provide various options to encourage spending. Inflation might be exploding at their country which would also drive their citizens to leave their country.

R


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March 13, 2022, 07:00:38 PM
 #72

I think that the only way out of the sanctions is an economic aid from a country or countries allied to Russia, and the most optioned is in the first place China, which is evident that they fully support Russia, on the other hand it can be supported by the Middle East through Arabia, which is a very prosperous and rich country, apart from having its ally from South America through Venezuela, which will not give it economically but if it can give it gold and precious metals that Maduro will not hesitate to send to Putin when he asks, I think these are the outlets he has.

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March 13, 2022, 07:13:38 PM
 #73

With the Russian invasion of Ukraine, almost all sectors & big businesses in Russia have been hit with huge Sanctions against them both from the United States, the United Kingdom and other internationally related bodies. Sanctions have hit the Russian central bank, other small russian banks, big business and companies in Russia from airlines to manufacturing have been affected as well and many assets private and government owned has been frozen.

-Do you think Russia can survive, and how can they survive the harsh economic realities that they are about to experience? Are the sanctions sufficient to push Putin into a decision to stop the invasion?
Truth is no economy can survive in solace these days, even the countries that are putting up these sanctions are also really hurting their economy due to these sanctions and actually have to find viable substitutes sources of the resources that Russia used to Provide to them. I think it's just a matter of a few weeks before people of Russia especially the riches of Russia begin to put pressure on Putin to retrace back it's forces from Ukraine. No one wants to lose money in the long run, for government, it's not a big deal they can put the bill on the people but for billionaires, it's their hard-earned money they won't let Putin
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March 16, 2022, 06:00:02 PM
 #74

You think that Russia started the war all of a sudden without thinking. He has been preparing himself for this for years. He was aware of all the consequences he would face. So he already has all the alternative needed right on his hands. He has China with him, which is going to be a huge backup for him. Like, when Master and Visa decided to stop providing them services, Putin has already started to work with Unipay, a Chinese owned payment processor. Yes, Russia will survive the economy in the long run. And if they decide to use crypto currencies, it will be more easy for them to survive.

It's probable Putin planned everything before deciding to invade Ukraine. After all, he's a very smart person. The Ruble may be going down now, but it could recover as China comes to the rescue. And don't let me get started with the adoption of cryptocurrencies by the Russian government. With all of the natural resources Russia has at its disposal, it's easy enough to become self-sustainable.

Nonetheless, sanctions are just sanctions. Only a direct war between Russia and other countries will put an end to Putin's ambitions to conquer Ukraine. But the world is afraid of doing so, since Russia is a nuclear superpower. We'll see how everything will play out in the long run with Putin willing to revive the Soviet Union. Just my thoughts Grin

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March 16, 2022, 06:29:22 PM
 #75

It's probable Putin planned everything before deciding to invade Ukraine. After all, he's a very smart person. The Ruble may be going down now, but it could recover as China comes to the rescue. And don't let me get started with the adoption of cryptocurrencies by the Russian government. With all of the natural resources Russia has at its disposal, it's easy enough to become self-sustainable.

Nonetheless, sanctions are just sanctions. Only a direct war between Russia and other countries will put an end to Putin's ambitions to conquer Ukraine. But the world is afraid of doing so, since Russia is a nuclear superpower. We'll see how everything will play out in the long run with Putin willing to revive the Soviet Union. Just my thoughts Grin
If attack Ukraine without proper preparation and planning, Russia will only do what is called suicide.  Don't forget that Russia has a friendly country that is China.  putin and his government must have a perfect plan and also strong support how to survive international sanctions when carrying out an invasion, hearing you mention the soviet union i wonder if that is putin's main goal!

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March 16, 2022, 06:32:40 PM
 #76

It's hard to know how effective sanctions are going to be. Of course the media is telling Russia is going to suffer a lot economically, they are doomed and there are no chances for them, but I keep in mind the media is trying to raise the morale of the world against Russia in order to weak Putin, what would make potential allies keep distance from him.

But the truth is that Putin also has his own methods. Russia supplies gas and fertilizers in large scale to foreigner nations. Without this supply, the whole world will also perish if nothing is done fast to replace russian supplies. Both sides are being prejudiced economically by the war and I have the impression Russia isn't totally isolated or in a terrible position like the media is saying.

It's crazy how weak leadership in USA and Europe along the past two decades in special have accommodate themselves in a so dependent position from Russia for basics needs. USA could have never allowed Russia to supply fertilizers in large scale like that to the world! They literally fed the beast.

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March 16, 2022, 06:42:52 PM
 #77


-Do you think Russia can survive, and how can they survive the harsh economic realities that they are about to experience? Are the sanctions sufficient to push Putin into a decision to stop the invasion?

If there is an economic sanctions that could stop Russian to invade Ukraine, they shouldn't have initiate the war.
Putin knew his country's economic capabilities and he knew who will stand by their side in situations like this.
So, I guess no economic sanctions can stop Russia from ruining Ukraine and yes they surely can survive it. Though people from Russia may suffer with their international relation in terms of businesses.

R


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March 16, 2022, 06:49:38 PM
 #78

This military operation has a definite purpose. Until this goal is achieved, Russia will not stop its actions. In that case, none of this makes sense. Therefore, I believe that it is necessary to wait for an agreement between the presidents of Russia and Ukraine. Only at the negotiating table can a common solution be found and end this war.

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March 16, 2022, 07:01:57 PM
 #79


If there is an economic sanctions that could stop Russian to invade Ukraine, they shouldn't have initiate the war.
Putin knew his country's economic capabilities and he knew who will stand by their side in situations like this.
So, I guess no economic sanctions can stop Russia from ruining Ukraine and yes they surely can survive it. Though people from Russia may suffer with their international relation in terms of businesses.

If Russia was ready then why is it limiting bank withdrawals and blocking people from exchanging rubles to foreign currencies? Why is it out of fiat money? I don't think they are ready and I don't think they can take the sanctions for a long time. Putin knew what he was doing but he underestimated Ukraine. He thought he'd get sanctioned but Ukraine will surrender by the time these sanctions can hurt Russia and then Russia will withdraw, taking Crimea and Donbas with it and the sanctions will begin to ease up.

If the war drags on for another month there won't be much economy left in Putinland.

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March 16, 2022, 09:53:04 PM
 #80

The cost of wars is very high and for Russia it will be even higher. The country has not diversified its economy, the sanctions will keep the nation isolated from economic partners. The panorama is very sad, conflicts of this nature leave traces and poverty.
We have seen in the news that there were Russian citizens who did not want this war, I think that nobody wants the war, only a few who believe that things are solved by force.
In the end, all that remains is to rebuild and it will take time, what was lost in an instant will take decades to be rebuilt.

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