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

[Cryptock]

The European Union made efforts to gradually weaken the Russian economy in various ways, one of which was a boycott of oil and gas, Nato voiced it for all countries to support this policy. although the European Union was affected by the boycott. there is a lot of propaganda in this conflict both countries do it. There are many interests that have happened in this I think, I can only feel and think how unfortunate it is for those who are victims, who do not know anything about the problem of the conflict but are affected by it.

I think if a country attacks another country - they should fight on their own. The other powerful countries should not push other countries to come in that conflict.
I have notice EU is dragging the other countries in that Russian and Ukrainian war and if they are not taking their dictation - they have to pay the prices.

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[lixer]

In total, in two days of fighting on July 6 and 7, 37 Russian tanks, 22 armored vehicles and 16 artillery systems were destroyed.
Russia is running out of steam in this war. Let's see what happens in a few more months.

He is going to deny that at all times, he is just a Russian troll, let him be. We all know that if Russia was doing so great, they would have just taken all those places they wanted to take, hell the war would have been over by now.

Why is it not over? Because, Russia failed to take over, and Ukraine is not attacking Russian mainland to take over neither, so that means we are dealing with a situation where Russia is failing. All those deaths, from both sides, all because, Putin wanted to prove the world that he is strong president. It’s such a pity that people would have to die, tens of thousands of them, just because of one man’s ego and nothing else.

[Sithara007]

I think if a country attacks another country - they should fight on their own. The other powerful countries should not push other countries to come in that conflict.
I have notice EU is dragging the other countries in that Russian and Ukrainian war and if they are not taking their dictation - they have to pay the prices.

Exactly. The EU citizens are suffering from their own stupid policies, which resulted in sky high inflation and gas shortages. And now they want countries that are located tens of thousands of kilometers away to follow the same policy. How stupid these people can be? Do they really believe that they are still living in the first half of 20th century, when they ruled over half of the world in different colonies? US/EU are declining economies, and their own stupid policies are accelerating that decline. And the most comical thing is that they want other countries to suffer the same fate.

[Cryptock]

Exactly. The EU citizens are suffering from their own stupid policies, which resulted in sky high inflation and gas shortages. And now they want countries that are located tens of thousands of kilometers away to follow the same policy. How stupid these people can be? Do they really believe that they are still living in the first half of 20th century, when they ruled over half of the world in different colonies? US/EU are declining economies, and their own stupid policies are accelerating that decline. And the most comical thing is that they want other countries to suffer the same fate.

Just read in on social media that till date .. USA initiated/ participated in 16 War,  6 Million killed, One Noble Prize and No sanction. On the other hand there are counties  which are weak have to pay for being weak and not having a string defense. 

[RealMalatesta]

The EU citizens are suffering from their own stupid policies, which resulted in sky high inflation and gas shortages. And now they want countries that are located tens of thousands of kilometers away to follow the same policy. How stupid these people can be? Do they really believe that they are still living in the first half of 20th century, when they ruled over half of the world in different colonies? US/EU are declining economies, and their own stupid policies are accelerating that decline. And the most comical thing is that they want other countries to suffer the same fate.

I am not really against it; yeah, if we do absolutely nothing about Russia attacking Ukraine, then we should not do anything about it if they decide to invade Finland, how about Estonia after that? How about if they decide to invade Latvia, Lithuania, after that? I mean where does it end? When do you say "that's enough Russia"?

You gotta start somewhere and at the start is great. They already have a puppet in Belarus, and they are de facto ruling Georgia as well, but if you let Ukraine too, which is basically in Europe already, then you are in a big trouble. This is why I get that, Russia attacking a European nation was the last draw for them and they are putting their foot down. Doesn't sound too silly to me, totally what anyone would do.

[YinShuiSiYuan]

Exactly. The EU citizens are suffering from their own stupid policies, which resulted in sky high inflation and gas shortages. And now they want countries that are located tens of thousands of kilometers away to follow the same policy. How stupid these people can be? Do they really believe that they are still living in the first half of 20th century, when they ruled over half of the world in different colonies? US/EU are declining economies, and their own stupid policies are accelerating that decline. And the most comical thing is that they want other countries to suffer the same fate.

US and EU don't have courage to foot on ukarine soil and fight with Russia rather they are using ukarine for proxy war. Why other countries should boycott Russian cheap oil and gas. Between there is no clear announcement from EU that there gas import from Russia has gone down to zero.

[pooya87]

I am not really against it; yeah, if we do absolutely nothing about Russia attacking Ukraine, then we should not do anything about it if they decide to invade Finland, how about Estonia after that? How about if they decide to invade Latvia, Lithuania, after that? I mean where does it end? When do you say "that's enough Russia"?

Well nobody did anything when US and its allies that included Ukraine attacked Iraq and killed innocent people there. It didn't stop there either, they invaded Afghanistan and it didn't stop there either....
Where does it end? It will never end but it can end for weaker countries when they learn the importance of independence and then learn the meaning of resistance. How do you think the cavemen in Afghanistan won the war against the most expensive military in the world? Other countries are also being liberated as we speak.

[RealMalatesta]

US and EU don't have courage to foot on ukarine soil and fight with Russia rather they are using ukarine for proxy war. Why other countries should boycott Russian cheap oil and gas. Between there is no clear announcement from EU that there gas import from Russia has gone down to zero.

It's basically all about the nuclear war threat. I mean could EU and USA go into Ukraine and beat Russia out of there if we are talking about just the regular soldiers and tanks type of war? Of course they can, it would be simple like taking candy out of a child. Hell USA alone could, the USA airforce has the biggest air power in all of the world, you know who has the second highest? USA navy. They are that huge, and they have bigger military spending then like 20+ next biggest combined.

So, no matter whatever nationalistic bs anyone talks about, USA army (I am not even American and dislike USA government as well) would win against anyone, probably against all of Europe if it had to, let alone just Russia. But nuclear weapons? That threat is a very real one, and can destroy the earth very easily with a single button.

[be.open]

US and EU don't have courage to foot on ukarine soil and fight with Russia rather they are using ukarine for proxy war. Why other countries should boycott Russian cheap oil and gas. Between there is no clear announcement from EU that there gas import from Russia has gone down to zero.

It's basically all about the nuclear war threat. I mean could EU and USA go into Ukraine and beat Russia out of there if we are talking about just the regular soldiers and tanks type of war? Of course they can, it would be simple like taking candy out of a child. Hell USA alone could, the USA airforce has the biggest air power in all of the world, you know who has the second highest? USA navy. They are that huge, and they have bigger military spending then like 20+ next biggest combined.

So, no matter whatever nationalistic bs anyone talks about, USA army (I am not even American and dislike USA government as well) would win against anyone, probably against all of Europe if it had to, let alone just Russia. But nuclear weapons? That threat is a very real one, and can destroy the earth very easily with a single button.

The recent US defeat in Afghanistan was extremely humiliating and severely damaged US military morale and self-confidence. Prior to this, the United States also did not particularly work out in Syria. An Iranian missile attack on military bases in Iraq in the immediate vicinity of the US consulate in early 2020 also had to be swallowed up and left without an adequate response. The US Army is in its worst state since the collapse of the USSR in 1991, when it celebrated victory in the Cold War and visibly relaxed. At the same time, the United States curtailed the development of new types of promising nuclear weapons, considering that it was enough to maintain the achieved level and everything would be fine - because the United States had already proved to everyone that they were the toughest guys in the world. But without live nuclear testing, how can you be sure that your nuclear weapons are still operational 30 years later? The report on the combat readiness of the nuclear arsenal is now being formed by a group of experts appointed by the US State Department, and who are therefore biased and obviously not objective. What if I told you that the US is now at its lowest combat capability in its history? How will you refute this statement of mine, except for the unfounded expert theses that you heard in the show on TV?

[Sithara007]

US and EU don't have courage to foot on ukarine soil and fight with Russia rather they are using ukarine for proxy war. Why other countries should boycott Russian cheap oil and gas. Between there is no clear announcement from EU that there gas import from Russia has gone down to zero.

I checked news from mainstream media and there is a lot of hue and cry claiming that India imported $5 billion worth of oil, gas and coal from Russia ever since the war started. I was quite perplexed when I read the entire article. The same article says that the EU imported $65 billion worth of hydrocarbons from Russia during the same period. And the ones who imported $65 billion worth of stuff are now blaming the guy who imported $5 billion. Can these people get anymore shameless? We Indians are not fools. If the EU has any problem with our imports, they can go and f**k themselves.

[WatChe]

I checked news from mainstream media and there is a lot of hue and cry claiming that India imported $5 billion worth of oil, gas and coal from Russia ever since the war started. I was quite perplexed when I read the entire article. The same article says that the EU imported $65 billion worth of hydrocarbons from Russia during the same period. And the ones who imported $65 billion worth of stuff are now blaming the guy who imported $5 billion. Can these people get anymore shameless? We Indians are not fools. If the EU has any problem with our imports, they can go and f**k themselves.

"Subramaniam Jaishankar on Friday slammed Europe for being "silent on many issues" and asked it to grow out of a 'our problem is world's problem' mindset" source

I am not an Indian but believe me these white peoples who try to be champions of human rights and freedom are source of majority of worlds problem. I 100% agree with what indian foreign minister saying. They don't have courage to go and fight with Russia nor they can boycott Russian gas but they want rest of the world to boycott Russia oil and gas, its nothing but hypocrisy. Now what's more interesting is direct threat from Putin. I am sure EU will reply to this threat by asking rest of the world to boycott Russian products.

"Does the West want to defeat Russia on the battlefield? So try it, "Putin

[pooya87]

I mean could EU and USA go into Ukraine and beat Russia out of there if we are talking about just the regular soldiers and tanks type of war? Of course they can, it would be simple like taking candy out of a child. Hell USA alone could, the USA airforce has the biggest air power in all of the world, you know who has the second highest? USA navy.

Nobody is the winner of a nuclear war and as long as two conventional militaries face each other the result would be impossible to predict. But the thing is, if US got directly involved they won't be fighting Russia alone. Let's just say the same unconventional warfare Ukraine uses to slow down Russian forces will be used against US but by the real inventors of those strategies so it won't be to "slow down" US

They are that huge, and they have bigger military spending then like 20+ next biggest combined.

It doesn't matter how much money you spend, what matters is what you spend it on. For example if you spend $220 million to build what is supposed to be the most advanced stealth aircraft but it is easily shot down with a single missile that is not worth more than a $1000 that means you have thrown away your money.
Or if you have spent $100 billion building a massive nuclear submarine that can't detect a swarm of dirt cheap stealth UUV (Unmanned Underwater Vehicles) that are going to sink it easily... then you should have spent that money on the millions of homeless in your country instead of that submarine.

[DrBeer]

I see - Russian propaganda worked fiercely in India too Hmm ... I didn’t think that everything was so bad ... But how unexpected and bright it would be, then, a little later, an epiphany. It will come to the Indian, and the Kazakh, and the Spaniard and the Greek, and the Congolese and the Chilean - nationality does not affect the perception of reality or the choice of propaganda lies. An alternative reality invented by propagandists always collapses, and the odor and sediment on the soul remains for life ...

I read BBC News regularly and most of the mainstream media in India have taken a neutral stance on this conflict. Therefore I don't understand why you are claiming that Russian propaganda is working in India. Russia is not asking India to do anything. We, in India have our own preferences and we always do what is beneficial for us. But that doesn't mean that we will do something unethical or immoral. If you are talking about increasing imports, it was initiated by the Indian government (there was no pressure from Russia, and Rosneft even told some of the Indian companies that they don't have any more spare capacity to export crude oil to India).

You can read anything. But your inner state is not described by these media, but by your statements. About some ephemeral Lugansk and Donetsk republics. About some kind of salvation by Russia of someone on the territory of Ukraine. About your, if not pro-Russian (or rather pro-terrorist) position, then a completely loyal attitude towards it. Support for the country of a terrorist and the unacceptability of sanctions against it ... So hiding behind the media is not a very logical thing. But in the end, you say - and then a thick layer of any media exposes YOUR thoughts

[TheNineClub]

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.

[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

[WatChe]

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.

Can't say what sanctions on Russia has done bad to him but euro has fallen to its 20 years low against dollar and prime reason for that fall is rising energy prices in Europe. Euro hits US dollar parity for first time in 20 years. USA currency is going at its two decades high against many currencies.
Nord Stream 1, was closed for 10 days annual maintenance and its not likely that gas supply will resume on 21 July 2022.
Both Russia and EU are on same level, one wanna sell and other desperately wanna buy it.
USA to me is the biggest beneficiary of this conflict. All parties must sit and think how to resolve this issue.

[be.open]

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.

[swogerino]

I am not sure this prediction of -30% by the end of the year is legit, to be honest, but it's good if it is. That being said, if exports are up by so much, why is the prediction so negative?
I think that the Western countries want to show and prove that their sanctions are serious and are working, while Ukraine is pressuring them for imposing much more because the idea is to help stop the war, and if Russia keeps going with the war, it means the current sanctions aren't enough. Also, while initially it looked like Russian economy was exploding, they managed to stabilize the ruble and 4 months into the war they can still afford it, although the consumer prices did grow significantly for Russians, so it's not like sanctions didn't do anything.

Exactly.The prices will grow even further,for the ruble they managed to stabilize it for that amount of months but lately,specifically in these last 3 weeks the dollar has exploded against every currency,it is now on par level with the EUR for the first time in 20 years and of course this has caused the ruble to fall down another 20% against the dollar.The grain exports clearly has resumed from Russia now with the new harvest but their main buyers are Egypt,Iran,Turkey,Jordan for the majority of their export and rarely we see any European country buying grain from Russia except very few forced ones.The sanctions are working,the long range weapons also in Ukraine as they are destroying a lot of depot with ammunition in the occupied territories so everything is working against Russia so far,Russia has achieved absolutely nothing positive,has only collected negatives after negatives from this war so far.

[pooya87]

specifically in these last 3 weeks the dollar has exploded against every currency

Both bold parts are wrong.
USD is dumping very hard itself, which you can clearly see if you compare it with price of goods in US (gas, diesel, groceries, rent,... are all soaring fast).

The only major thing that happened recently was EUR and GBP dumping fast (about 5%) which brought their exchange rate down against US dollar faster.


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

[Sithara007]

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.