Russia's economy is 'imploding' on export decline, economists claim

[Gyfts]

I'm curious on how long the West believes they should sanction Russia because the Euro is on the decline and is on par with USD at the moment.

The so called "economists" seem to be ignoring the other half of the sanctions which include hurting the economies of any countries who wish not to do any transactions with Russia. If the west doesn't want cheap oil in efforts to hurt the Russian economy, fine. But perhaps reevaluating how far they wish to tank their economies/currencies would be worthy of consideration.

[Sithara007]

I'm curious on how long the West believes they should sanction Russia because the Euro is on the decline and is on par with USD at the moment.

The so called "economists" seem to be ignoring the other half of the sanctions which include hurting the economies of any countries who wish not to do any transactions with Russia. If the west doesn't want cheap oil in efforts to hurt the Russian economy, fine. But perhaps reevaluating how far they wish to tank their economies/currencies would be worthy of consideration.

You need to remember that some of the warmongers have already lost their job. Boris Johnson of England has been kicked out of power. Another hawk, Emmanuel Macron of France lost his parliamentary majority. Mario Draghi of Italy is about to resign. I am wondering who is next. A large part of the European population is not comfortable with the idea of spending tens of billions of USD in the form of military aid to Ukraine, and that too when Russia is making slow and steady advances. That money should be better spent on combating inflation back home.

[Argoo]

I'm curious on how long the West believes they should sanction Russia because the Euro is on the decline and is on par with USD at the moment.

The so called "economists" seem to be ignoring the other half of the sanctions which include hurting the economies of any countries who wish not to do any transactions with Russia. If the west doesn't want cheap oil in efforts to hurt the Russian economy, fine. But perhaps reevaluating how far they wish to tank their economies/currencies would be worthy of consideration.

You need to remember that some of the warmongers have already lost their job. Boris Johnson of England has been kicked out of power. Another hawk, Emmanuel Macron of France lost his parliamentary majority. Mario Draghi of Italy is about to resign. I am wondering who is next. A large part of the European population is not comfortable with the idea of spending tens of billions of USD in the form of military aid to Ukraine, and that too when Russia is making slow and steady advances. That money should be better spent on combating inflation back home.

Indeed, there are certain difficulties in Europe now due to the maximum possible rejection of Russian oil and gas at this stage. But these difficulties are temporary until the suppliers of these energy carriers change and the ways of their delivery are established. But for Russia, these difficulties will only grow with time. Russia will no longer be able to build new pipelines to the other end of the planet because of its growing economic problems. In addition, the countries of Europe, even before the imposition of sanctions against Russia, took a course towards the gradual abandonment of oil, coal and gas in general and their gradual replacement with alternative energy. Therefore, in the long run, Russia will definitely lose.

As for the sanctions themselves, Europe has already understood that if you make concessions to the aggressor, then after a certain time their countries will also be subjected to Russian military strikes. And therefore, it is better to go to temporary difficulties and destroy Russia economically than to constantly be blackmailed by her.

[pooya87]

Here in India, the local currency (Indian Rupee or INR) has gone down by around 5% during the last 12 months against US Dollar. Other local currencies in the South Asian region (PKR, SLR.etc) have gone down even more, and it is not looking good for the medium term.

That's mostly about printing money in my opinion. We suffer from the same problem, the previous administration printed so much money that it still is causing inflation even though for the past 10 months the new administration hasn't printed anything.

You need to remember that some of the warmongers have already lost their job. Boris Johnson of England has been kicked out of power. Another hawk, Emmanuel Macron of France lost his parliamentary majority. Mario Draghi of Italy is about to resign. I am wondering who is next. A large part of the European population is not comfortable with the idea of spending tens of billions of USD in the form of military aid to Ukraine, and that too when Russia is making slow and steady advances. That money should be better spent on combating inflation back home.

There is definitely a very interesting domino effect we are witnessing these days where governments fall one after the other. I'm mostly wondering about who is going to replace Boris the hairdo since he is the victim of Brexit where they thought they could exit EU to avoid the damage to UK economy while EU got weaker, then come back as the saviors.

[Sithara007]

There is definitely a very interesting domino effect we are witnessing these days where governments fall one after the other. I'm mostly wondering about who is going to replace Boris the hairdo since he is the victim of Brexit where they thought they could exit EU to avoid the damage to UK economy while EU got weaker, then come back as the saviors.

Boris was very vocal in his support to Ukraine and at the same time ignored problems at home. At this point, there are three frontrunners. The one who got the maximum number of votes till now is Rishi Sunak. But is UK ready for an Asian, non-Christian Prime Minister? I don't think so. Others in contention are Penny Mordaunt and Liz Truss. But I don't expect a sharp deviation in the foreign policy. But all this is just a beginning. I won't be surprised if there are further regime changes in the European Union.

[Cryptock]

There is definitely a very interesting domino effect we are witnessing these days where governments fall one after the other. I'm mostly wondering about who is going to replace Boris the hairdo since he is the victim of Brexit where they thought they could exit EU to avoid the damage to UK economy while EU got weaker, then come back as the saviors.

Boris was very vocal in his support to Ukraine and at the same time ignored problems at home. At this point, there are three frontrunners. The one who got the maximum number of votes till now is Rishi Sunak. But is UK ready for an Asian, non-Christian Prime Minister? I don't think so. Others in contention are Penny Mordaunt and Liz Truss. But I don't expect a sharp deviation in the foreign policy. But all this is just a beginning. I won't be surprised if there are further regime changes in the European Union.

This Ukraine and Russia has done a terrible disaster in the world. The oil and gas prices. The destruction - the sanctions and the world involvement and then comes the regime change. 1 - Sri Lanka, 2: Pakistan and now 3: England. One the other hand ukraine had got  the donation from all over.

[Rikafip]

As for the sanctions themselves, Europe has already understood that if you make concessions to the aggressor, then after a certain time their countries will also be subjected to Russian military strikes. And therefore, it is better to go to temporary difficulties and destroy Russia economically than to constantly be blackmailed by her.

Its naive to think that these sanctions will work and that Russia will stop the invasion. You don't think that they didn't run this scenario and didn't think that this will happen if they attack Ukraine? Of course they knew and yet they just didn't care, knowing that they don't have to fear the people.

Keep in mind that they have dictator in charge who can't be removed via elections, so no matter how poor and unhappy Russians get, they won't be able to do much about it. On top of that, Russians (as eastern Europe people in general) are used to hardships and will endure this easier than EU citizens.

[DrBeer]

I don't get the notion that Russia has been under sanctions for many years, therefore they can handle these sanctions. First of all, 8 years is not "many" years, especially if you take into consideration how slow economic sanctions take to full force. Second, the new sanctions are nothing like the ones before so it's not really coparable.


And just to add, I don't think any serious analyst was saying that tge sanctions won't hurt Europe as well, we all knew that, I don't get why we need to point out every week that the sanctions are also and issue for Europe. Duh.

Well, why are you as if not from this planet?!
Real sanctions have been introduced against Russia since March 2022. Total - only 4 months ago!
The oil embargo has not yet been introduced (starts to work from December 2022). Those. in fact, sanctions have only been introduced! If you think that sanctions act on the economy as quickly as cyanide, then no. Sanctions are much worse. It's like scorpion venom. It acts slowly but destructively. At first, everything is fine, "don't make our Iskanders laugh", it's fun, everyone laughs. Then it starts to freeze a little, a slight trembling appears... And for some reason you can't laugh... Then the budgets for social programs suddenly disappear, and the funds in the accounts of citizens begin to be blocked.... Everything starts to rise in price. And many imported goods - just disappear. Companies are closing, unemployment is rising... The economy is paralyzed - because. fees and taxes are drastically reduced. The economy begins to devour itself... Then there is a complete and irreversible degradation of the financial system. In an animal that has been bitten by a scorpion, this corresponds to paralysis, when the animal is still alive, but can no longer do anything, and simply watches how the scorpion begins to eat it alive. The fate of Russia will also end in the same way

I advise you not to take hard drugs during daylight hours.

Western sanctions are not able to cause serious damage to Russia, because Russia has taken care of its food and energy security, as well as the independence of its financial system.

Yes Yes Yes ! All right! I agree ! Relax, we believe you. And the dollar will collapse and envy the ruble, and the United States will once again be destroyed by mighty Russia! And defeat the junta! And Russia is a great country! And the army of Russia is "analo shitty"! And NATO is in shock, and the Bulgarians are delighted
And... and ask the nurse to give you haloperidol, you don't have to worry so much. Take care of yourself, while studying the cuisine of the new Russia - bark soup, and compote from the same water

[Sithara007]

This Ukraine and Russia has done a terrible disaster in the world. The oil and gas prices. The destruction - the sanctions and the world involvement and then comes the regime change. 1 - Sri Lanka, 2: Pakistan and now 3: England. One the other hand ukraine had got  the donation from all over.

Things started to move in the wrong direction much earlier. Crude started moving northwards by the end of 2020, when Biden was elected as the president of the United States. He immediately banned fracking in federal lands and cancelled the Keystone XL pipeline. Even before Russia invaded Ukraine, crude oil was trading at $90-$100 per barrel range. And now it is trading at a slightly higher level, at $100-$120 per barrel. Now Biden is on a trip to Saudi Arabia, to beg the Arab Sheikhs to increase their oil output. Midterms are looming and it is going to be a disaster for Biden and his party.

[og kush420]

This Ukraine and Russia has done a terrible disaster in the world. The oil and gas prices. The destruction - the sanctions and the world involvement and then comes the regime change. 1 - Sri Lanka, 2: Pakistan and now 3: England. One the other hand ukraine had got  the donation from all over.

Things started to move in the wrong direction much earlier. Crude started moving northwards by the end of 2020, when Biden was elected as the president of the United States. He immediately banned fracking in federal lands and cancelled the Keystone XL pipeline. Even before Russia invaded Ukraine, crude oil was trading at $90-$100 per barrel range. And now it is trading at a slightly higher level, at $100-$120 per barrel. Now Biden is on a trip to Saudi Arabia, to beg the Arab Sheikhs to increase their oil output. Midterms are looming and it is going to be a disaster for Biden and his party.

I believe Trump was a better president than Biden. While everyone was cursing Trump - I saw a progressive change in America.
But since the Biden has taken over - and how they have ended Afghan war was a terrible disaster. This too had a serious impact on the world. And then This Ukraine war .. Gosh!

[DrBeer]

As for the sanctions themselves, Europe has already understood that if you make concessions to the aggressor, then after a certain time their countries will also be subjected to Russian military strikes. And therefore, it is better to go to temporary difficulties and destroy Russia economically than to constantly be blackmailed by her.

Its naive to think that these sanctions will work and that Russia will stop the invasion. You don't think that they didn't run this scenario and didn't think that this will happen if they attack Ukraine? Of course they knew and yet they just didn't care, knowing that they don't have to fear the people.

Keep in mind that they have dictator in charge who can't be removed via elections, so no matter how poor and unhappy Russians get, they won't be able to do much about it. On top of that, Russians (as eastern Europe people in general) are used to hardships and will endure this easier than EU citizens.

What you are wrong about is the assumption that Russia knew that there would be such sanctions! Russia's plans for Ukraine were simply fabulous - to take all of Ukraine in 4-6 weeks (these are the deadlines for suppressing the remaining centers of resistance), the belief that most Ukrainians want to return to the "alliance with Russia", the belief that in Russia "the second most powerful army in the world", and most importantly, that Germany and France, led by Kremlin liners, will not allow any significant sanctions against Russia to be pushed through! But everything went wrong. And the Russian army turned out to be fake, and Merkel and Macron turned out to be, of course, "friends of Russia", but they were afraid not to support 6 packages of sanctions, and most importantly, the Ukrainians for some reason did not want to give up and again fall under "friendship with Russia". Most of Russia's problems are connected with huge corruption at the top level of power, total lies, even to their "leader". It was the law enforcement agencies who wrote reports to him that Ukraine did not have weapons and an army, that the Russian army was one of the strongest in the world, and that subversive work on the territory of Ukraine led to the fact that Putin in Ukraine was simply ready to meet with flowers from east to west of Ukraine . Lied

[Rikafip]

What you are wrong about is the assumption that Russia knew that there would be such sanctions! Russia's plans for Ukraine were simply fabulous - to take all of Ukraine in 4-6 weeks

I didn't say that they 100% knew that will be the reaction, but that they ran that scenario for sure and were aware that might be one of the possibilities. I agree with the 2nd part of the post though, they underestimated Ukraine (not just them, I remember western analytics saying  Kiev will fall in a few days as well) and expected to finish much faster and probably install puppet government that will do as told.

Those who think sanctions make sense and will work might take a look at North Korea and Cuba, with the big difference that this time we will get screwed in the process as well.

[Cryptock]

What you are wrong about is the assumption that Russia knew that there would be such sanctions! Russia's plans for Ukraine were simply fabulous - to take all of Ukraine in 4-6 weeks

I didn't say that they 100% knew that will be the reaction, but that they ran that scenario for sure and were aware that might be one of the possibilities. I agree with the 2nd part of the post though, they underestimated Ukraine (not just them, I remember western analytics saying  Kiev will fall in a few days as well) and expected to finish much faster and probably install puppet government that will do as told.

Those who think sanctions make sense and will work might take a look at North Korea and Cuba, with the big difference that this time we will get screwed in the process as well.

I don't know if Russia plan was fabulous or not - but I know inflation is too fabulous for us to survive.
People are dying of COVID and war and now this inflation war- way too fabulous than both the mentioned before.

[DrBeer]

This Ukraine and Russia has done a terrible disaster in the world. The oil and gas prices. The destruction - the sanctions and the world involvement and then comes the regime change. 1 - Sri Lanka, 2: Pakistan and now 3: England. One the other hand ukraine had got the donation from all over.

According to your logic, France, Poland, Hungary, Belgium and many other victims of the aggression of Nazi Germany and the communist ghouls of the USSR are to blame for the destruction in the Second World War. The option that the aggressor who attacked Europe is guilty of the results of aggression does not occur to you, do I understand correctly? Those. if a killer attacks you, you will be to blame for the fact that you will have injuries, abrasions, etc. ? Amazing logic!

I don't know if Russia plan was fabulous or not - but I know inflation is too fabulous for us to survive.
People are dying of COVID and war and now this inflation war- way too fabulous than both the mentioned before.

Tell me - do you know the concept of "causal relationships"? Is it when some event has a previous cause?
For example, it's not the hot water that's to blame for burning your hand, but the fact that you put your hand in a pot of boiling water. Think about what caused inflation and problems, for example, with the German industry?

[Cryptock]

Other major currencies like CNY, RUB, JPY, WON,... still have more or less the same exchange rate against USD.

Here in India, the local currency (Indian Rupee or INR) has gone down by around 5% during the last 12 months against US Dollar. Other local currencies in the South Asian region (PKR, SLR.etc) have gone down even more, and it is not looking good for the medium term. Trade deficit is increasing due to the soaring price of crude oil. I don't know how the Chinese are managing to keep their currency strong, but in India the weakening local currency is making inflation much worse than it should have been.

India is in still better shape than Pakistan - In Pakistan the interest rate has gone up-to 33% The highest in the history and that too they have gone through regime change.. . The neighboring country has faced so much turmoil during the past few months.

[Erdogan]

I think the government of Russia did not imagine that Ukraine would put up such strong resistance and the war would last much shorter. Russia is not prepared for such a long period of being under sanctions from all over the world. I think it is not really the export / import of food, gas or oil that will be the most important factor that will hurt Russia the most. In my opinion, Russia will feel the biggest problems due to the lack of supply of new technologies and updates / upgrades of the old one. Many IT specialists have left and are going to western countries, and Russia will eventually be left with a very big technological problem and a huge shortage of specialists.

[og kush420]

I think the government of Russia did not imagine that Ukraine would put up such strong resistance and the war would last much shorter. Russia is not prepared for such a long period of being under sanctions from all over the world. I think it is not really the export / import of food, gas or oil that will be the most important factor that will hurt Russia the most. In my opinion, Russia will feel the biggest problems due to the lack of supply of new technologies and updates / upgrades of the old one. Many IT specialists have left and are going to western countries, and Russia will eventually be left with a very big technological problem and a huge shortage of specialists.

..Russia has done enough damage to the world. Already when the world started reviving from COVID then they brought to us this unwelcoming war.
And on the other side the whole European union came screaming - sanction sections - support Ukraine - and in this war many countries have been terribly affected see Sri Lanka and Pakistan which remained neutral

[Sithara007]

..Russia has done enough damage to the world. Already when the world started reviving from COVID then they brought to us this unwelcoming war.
And on the other side the whole European union came screaming - sanction sections - support Ukraine - and in this war many countries have been terribly affected see Sri Lanka and Pakistan which remained neutral

The war actually started in 2014, when NATO and CIA overthrew the democratically elected government of Yanukovych. Then again in 2022, opposition parties from the Russian-speaking regions of Ukraine were banned and their leaders were arrested. The only way for Ukraine to survive was to decentralize power and give more rights to the Eastern Ukrainians. The Kiev regime on the other hand was hell bent on imposing their language and policies on the Easterners. And as we are witnessing, it didn't worked well for them.

[DrBeer]

..Russia has done enough damage to the world. Already when the world started reviving from COVID then they brought to us this unwelcoming war.
And on the other side the whole European union came screaming - sanction sections - support Ukraine - and in this war many countries have been terribly affected see Sri Lanka and Pakistan which remained neutral

The war actually started in 2014, when NATO and CIA overthrew the democratically elected government of Yanukovych. Then again in 2022, opposition parties from the Russian-speaking regions of Ukraine were banned and their leaders were arrested. The only way for Ukraine to survive was to decentralize power and give more rights to the Eastern Ukrainians. The Kiev regime on the other hand was hell bent on imposing their language and policies on the Easterners. And as we are witnessing, it didn't worked well for them.

In India, it is also a tradition, like in Russia - in any case, squealing "the United States is to blame for everything"? ))

Let's check ? Right here, tell everyone, including me, a participant in the Maidan, how the United States and the Pentagon, and the CIA, and the FBI and biological laboratories, and divisions of African-American gays, overthrew the unfortunate, kind and pro-Ukrainian, law-abiding, not stealing, V.F. Yanukovych?
At the same time, please do not forget to tell me why, in November-December 2013, unrest began in Kiva, where I live?
I'm sure it will be great to hear from you!

PS At the same time, I confirm - Yanukovych was elected, was really open democratic elections!
PS I wonder - under what brand in India they play 24 * 7 channel Russia Today ?! now I am absolutely sure of this, and you are the best proof of that, dear Sithara007!

[og kush420]

Let's check ? Right here, tell everyone, including me, a participant in the Maidan, how the United States and the Pentagon, and the CIA, and the FBI and biological laboratories, and divisions of African-American gays, overthrew the unfortunate, kind and pro-Ukrainian, law-abiding, not stealing, V.F. Yanukovych?
At the same time, please do not forget to tell me why, in November-December 2013, unrest began in Kiva, where I live?
I'm sure it will be great to hear from you!

PS At the same time, I confirm - Yanukovych was elected, was really open democratic elections!
PS I wonder - under what brand in India they play 24 * 7 channel Russia Today ?! now I am absolutely sure of this, and you are the best proof of that, dear Sithara007!

The whole world is doing a great role in destroying the world.
The war and inflation has made the survival very difficult and also there is no stopping.Millions of the people died and still there is no stopping.