Russia’s economy is doomed

[AndreasHG]

A tumbling Ruble and a galloping inflation signal the state of difficulty in which the Russian 'war economy' finds itself. An article published on the New Statesman describes the difficulties that Putin is facing and the reasons why Trump himself could give him the final blow.

 

But the real reason for the current difficulties lies in choices made well before the invasion of Ukraine. 'Putin’s presidency has been little different from the Soviet era, in that he has made Russia a military giant but an economic dwarf. His gangster state has never been able to diversify; while the world buys Chinese cars and American software, the only thing we buy from Russia is oil, and the gradual turning away from hydrocarbons will eventually expose this as an appalling waste of a country’s potential.'

'Russia’s formidable levels of education and scientific prowess have been wasted, because under the Putin regime a lack of property rights and the rule of law drive its innovators and entrepreneurs abroad.'

 

Russia’s economy is doomed - New Statesman

 

Edited Friday at 06:39 PM by AndreasHG

[thaibeachlovers]

1 hour ago, AndreasHG said:

An article published on the New Statesman

Not an unbiased source then

[Jingthing]

Suggest watching the Inside Russia youtube channel.

There exiled Russian Konstantin (expert in economics and energy industry) has been predicting Russia's economic melt down for years now.

 

 

Edited Friday at 08:50 PM by Jingthing

[Yagoda]

They have been a third world country since the leftist criminals destroyed any chance of Russia coming the type of economic Powerhouse that it could have been under capitalism and they remain a third world country even though capitalism was given a shot.

 

Militarily they have nukes. They have not much else, they can't even beat the pathetic ukrainians, and the only reason they even beat the Germans in World War II was German stupidity. Their tactics are primitive, their soldiers are unsophisticated peasant morons led by political suck ups and their equipment doesn't work.

 

 

[Yagoda]

37 minutes ago, thaibeachlovers said:

Not an unbiased source then

I'm glad you recognize the leftist Press never tells the truth

[VBer]

6 hours ago, AndreasHG said:

 the only thing we buy from Russia is oil

Number 1 in the world in wheat export

https://www.tradeimex.in/blogs/top-10-wheat-exporters-in-2023#:~:text=The largest wheat exporter in,and Canada (%248.84 billion).&text=With approximately 51 million metric,leading wheat exporter in 2023.

 

Number 1 in the world in nuclear reactors export

https://wits.worldbank.org/trade/comtrade/en/country/ALL/year/2021/tradeflow/Exports/partner/WLD/product/840110#:~:text=In 2021%2C Top exporters of,100.61K %2C 2%2C769 Kg).

 

Number 1 in the world in fertilizers export

https://www.statista.com/statistics/1278057/export-value-fertilizers-worldwide-by-country/

 

 

 

[Yagoda]

46 minutes ago, VBer said:

 

Number 1 in the world in wheat export

https://www.tradeimex.in/blogs/top-10-wheat-exporters-in-2023#:~:text=The largest wheat exporter in,and Canada (%248.84 billion).&text=With approximately 51 million metric,leading wheat exporter in 2023.

 

Number 1 in the world in nuclear reactors export

https://wits.worldbank.org/trade/comtrade/en/country/ALL/year/2021/tradeflow/Exports/partner/WLD/product/840110#:~:text=In 2021%2C Top exporters of,100.61K %2C 2%2C769 Kg).

 

Number 1 in the world in fertilizers export

https://www.statista.com/statistics/1278057/export-value-fertilizers-worldwide-by-country/

 

 

 

Before I respond, maybe I'll give you a chance to think about your stats. I'll be back later LOL.

[AndreasHG]

 

4 hours ago, VBer said:

Number 1 in the world in wheat export

 

Wheat: $5.88 billion and 1,21% of Russian 2022 Exports (source: Russia (RUS) Exports, Imports, and Trade Partners | The Observatory of Economic Complexity)

 

4 hours ago, VBer said:

Number 1 in the world in nuclear reactors export

 

Nuclear reactors: laughable, only $12.8 million in 2021, the value is so small to be included in an "others" category (source: Russia (RUS) Exports, Imports, and Trade Partners | The Observatory of Economic Complexity).

 

4 hours ago, VBer said:

Number 1 in the world in fertilizers export

 

Nitrogen fertilizers and Potassium fertilizers: $11.20 billion and 2.30% of Russian 2022 Exports (source: Russia (RUS) Exports, Imports, and Trade Partners | The Observatory of Economic Complexity)

 

Below is the treemap of Russia's exports. Energy raw materials dominate the map, followed by refined and semi-refined metals (light brown area) and by precious metals (purple area). The interactive tremap is accessible at the links posted above. 

 

Let's be honest: Russia is a Petrostate. And the push towards renewable energy will take it back to the Stone Age. That's why Putin is so agitated...

 

Edited yesterday at 05:16 AM by AndreasHG

[Albo]

10 hours ago, AndreasHG said:

A tumbling Ruble and a galloping inflation signal the state of difficulty in which the Russian 'war economy' finds itself. An article published on the New Statesman describes the difficulties that Putin is facing and the reasons why Trump himself could give him the final blow.

 

But the real reason for the current difficulties lies in choices made well before the invasion of Ukraine. 'Putin’s presidency has been little different from the Soviet era, in that he has made Russia a military giant but an economic dwarf. His gangster state has never been able to diversify; while the world buys Chinese cars and American software, the only thing we buy from Russia is oil, and the gradual turning away from hydrocarbons will eventually expose this as an appalling waste of a country’s potential.'

'Russia’s formidable levels of education and scientific prowess have been wasted, because under the Putin regime a lack of property rights and the rule of law drive its innovators and entrepreneurs abroad.'

 

Russia’s economy is doomed - New Statesman

 

 

Last gasp propaganda.

 

Because western economies are pumping out 5% growth lol 😂😂

 

Up until this currency downturn the Russian economy was doing fine. Arguably better than many western nations despite the hate and the sanctions.

 

Do you get paid to post this sort of rubbish?

[Albo]

Ukraine is doomed. Should have never listened to Biden.

 

Absolutely unwinnable and always was

[AndreasHG]

9 hours ago, thaibeachlovers said:

Not an unbiased source then

 

Thank you for the comment posted from Saint Petersburg.

Here some data on the Russian "Rubble" from an objective source: -16.64% in 12 months on the US$. No more sales of 'Rubbles' by the Russian Central Bank till the end of the year and key interest rate at 21% to support an otherwise plunging currency.

[VBer]

Great work, you have made correction by yourself. From this

 

11 hours ago, AndreasHG said:

the only thing we buy from Russia is oil

 

it turned to this

 

1 hour ago, AndreasHG said:

Below is the treemap of Russia's exports

And became clear that oil is not the only resource world is buying from Russia.

[AndreasHG]

1 hour ago, Albo said:

Do you get paid to post this sort of rubbish?

 

No I don't. But I am sure you do. Either this or you are deeply disturbed psychiatric subject.

 

Because nobody in his right mind would defend the indefensible: Putin's criminal regime. A man whose only merit is to have caused the death of the greatest number of Russians in the 21st century so far.

He killed Russians with Polonium, with Novichok, in the darkness of jail cells, and now in mass massacres on the fields of Ukraine.

He will be remembered because of the carnage he caused. Like so many Russians tyrants before him, the many great czars, Lenin, Stalin, whose greatness is measured by the size of the mountain of Russian corpses they left behind.

That's, in a nutshell, the core of the millenary story of Russia, and the reason why your neighbors run away from you.

 

Edited yesterday at 06:46 AM by AndreasHG

[AndreasHG]

9 hours ago, Jingthing said:

Suggest watching the Inside Russia youtube channel.

Thank you. Interesting video indeed...

[Albo]

20 minutes ago, AndreasHG said:

 

No I don't. But I am sure you do. Either this or you are deeply disturbed psychiatric subject.

 

Because nobody in his right mind would defend the indefensible: Putin's criminal regime. A man whose only merit is to have caused the death of the greatest number of Russians in the 21st century so far.

He killed Russians with Polonium, with Novichok, in the darkness of jail cells, and now in mass massacres on the fields of Ukraine.

He will be remembered because of the carnage he caused. Like so many Russians tyrants before him, the many great czars, Lenin, Stalin, whose greatness is measured by the size of the mountain of Russian corpses they left behind.

That's, in a nutshell, the core of the millenary story of Russia, and the reason why your neighbors run away from you.

 

 

Lol.

 

 

 

The past is the past.

 

I'm certainly no enemy of Ukraine, but picking a fight with Russia was idiocy. You've unalived 500k of your countrymen in the process.

 

*Your* corrupt nation got into bed with the CIA and it was all downhill after that.

 

Biolabs, massive money laundering and fraud, 2014 coup. People get the government they deserve. Trump gonna sort it out pronto.

[Albo]

36 minutes ago, VBer said:

Great work, you have made correction by yourself. From this

 

 

it turned to this

 

And became clear that oil is not the only resource world is buying from Russia.

 

Just another shill on TV forum.

[Albo]

1 hour ago, AndreasHG said:

 

Thank you for the comment posted from Saint Petersburg.

Here some data on the Russian "Rubble" from an objective source: -16.64% in 12 months on the US$. No more sales of 'Rubbles' by the Russian Central Bank till the end of the year and key interest rate at 21% to support an otherwise plunging currency.

 

The above is the economic and FX analysis of a 9 year old

 

It will bounce backike it did some months after US pushed Russia into Ukraine.

 

Economy had been better than Europe for a few years going. Please stick to political propaganda as you can just post misinformation.

Edited 23 hours ago by Albo

[AndreasHG]

11 hours ago, Albo said:

picking a fight with Russia was idiocy

 

As I stated before, you must be a deeply disturbed psychiatric subject.

 

Ukraine did not pick a fight with Russia. Ukraine was attacked by Russia.

 

And it was attached after that in the Budapest Memorandum, signed among the other by Russia, Ukraine was promised independence and sovereignty in the existing borders. 

 

[Jingthing]

11 hours ago, Albo said:

 

Lol.

 

 

 

The past is the past.

 

I'm certainly no enemy of Ukraine, but picking a fight with Russia was idiocy. You've unalived 500k of your countrymen in the process.

 

*Your* corrupt nation got into bed with the CIA and it was all downhill after that.

 

Biolabs, massive money laundering and fraud, 2014 coup. People get the government they deserve. Trump gonna sort it out pronto.

Tulsi Gabbard?

[TedG]

13 hours ago, Albo said:

 

The above is the economic and FX analysis of a 9 year old

 

It will bounce backike it did some months after US pushed Russia into Ukraine.

 

Economy had been better than Europe for a few years going. Please stick to political propaganda as you can just post misinformation.

 

1) The US did not push Russia into Ukraine.

2) The Russian economy is not doing well. 

3) You are posting Russian propaganda. 

Edited 9 hours ago by TedG

[TedG]

14 hours ago, Albo said:

 

Lol.

 

 

 

The past is the past.

 

I'm certainly no enemy of Ukraine, but picking a fight with Russia was idiocy. You've unalived 500k of your countrymen in the process.

 

*Your* corrupt nation got into bed with the CIA and it was all downhill after that.

 

Biolabs, massive money laundering and fraud, 2014 coup. People get the government they deserve. Trump gonna sort it out pronto.

 

 

1) Ukraine did not pick a fight with Russia.

2) Russia is a corrupt country.  

3) Biolabs is disinformation.

4) How much does Russia pay you to post? 

[TedG]

15 hours ago, Albo said:

 

Last gasp propaganda.

 

Because western economies are pumping out 5% growth lol 😂😂

 

Up until this currency downturn the Russian economy was doing fine. Arguably better than many western nations despite the hate and the sanctions.

 

Do you get paid to post this sort of rubbish?

 

Russia is pumping all their money into the war effort.   Which is tossing a money down a black hole. Putin is planning on spending 40% of the budget on the war in 2025. This is not productive spending. The Russian economy is heading for a crash.   

[save the frogs]

Check this out ...

Well climate change deniers might claim its bs ... 

 

 

[proton]

Went to Russia in 1970, gray, grim and depressing. Might be time to go again now it's so cheap and not as grey.

[thaibeachlovers]

23 hours ago, VBer said:

 

Number 1 in the world in wheat export

https://www.tradeimex.in/blogs/top-10-wheat-exporters-in-2023#:~:text=The largest wheat exporter in,and Canada (%248.84 billion).&text=With approximately 51 million metric,leading wheat exporter in 2023.

 

Number 1 in the world in nuclear reactors export

https://wits.worldbank.org/trade/comtrade/en/country/ALL/year/2021/tradeflow/Exports/partner/WLD/product/840110#:~:text=In 2021%2C Top exporters of,100.61K %2C 2%2C769 Kg).

 

Number 1 in the world in fertilizers export

https://www.statista.com/statistics/1278057/export-value-fertilizers-worldwide-by-country/

 

 

 

Doesn't it feel really, really, really good when you can make them look foolish?

[thaibeachlovers]

20 hours ago, AndreasHG said:

Let's be honest: Russia is a Petrostate. And the push towards renewable energy will take it back to the Stone Age. That's why Putin is so agitated...

IMO not many clever people take the renewable energy thing seriously, but it's very profitable so it will keep being pushed till it can't be faked any more.

 

Nuclear and hydrogen are far more reliable, still work at night time and when the wind stops blowing. The new nuclear technology is well on the way and hydrogen is coming along slowly, but they are coming.

[JBChiangRai]

I can't help but think what a wonderful country Russia could have been if Putin spent the last 20 odd years looking inward and improving Russia instead of turning his greedy, jealous little eyes outward and seeing what damage he can do whilst gaining influence in other countries or performing land-grabs.

 

 

[Albo]

8 hours ago, Jingthing said:

Tulsi Gabbard?

 

?? Where you get your fashion tips?

[Albo]

6 hours ago, TedG said:

 

Russia is pumping all their money into the war effort.   Which is tossing a money down a black hole. Putin is planning on spending 40% of the budget on the war in 2025. This is not productive spending. The Russian economy is heading for a crash.   

 

1 precisely when will that happen genius?

 

2 When the US and EU stop arming Ukraine Russia can go back about it's business.

 

It's far from a failed state, but most of you have even less insight into Russia as you do US politics, economics

[Albo]

6 hours ago, TedG said:

Biolabs is disinformation.

 

Nothing of the sort

 

Your claim:

Biolabs ARE disinformation

 

The reality:

 

https://www.c-span.org/video/?c5005055/user-clip-biolabs-confirmed-ukraine

 

https://www.c-span.org/video/?c5005520/senator-rubio-questions-undersecretary-nuland-biolabs-ukraine

 

Another know-nothing, shoot from hip opinion monger.