Putin’s New Achievement Shows West’s Loss In Economic Battle Over Ukraine? Russia 4th Largest In…

41 comments

1. I didn't see what is stopping Russia economy to be at Number one in the world. They've everything.

2. How😮?

3. yeaaaaa….. Everything in Russia is just peachy….. 😊

4. 👍🏻👏🏻

5. your having a joke??its economy is tiny..

6. 🇷🇺🇷🇺🇮🇳🇮🇳🇷🇺🇷🇺💪💪💯👌

7. BRICS should help each other.😇🥰😍🤩😘❤💗💓💞💕💪💪💪

8. Major Victory to Russia 🇷🇺 in overcoming its sanctions and growing its Economy to become the 4th largest Economy surpassing most of EU states 😂😂😂😂😂EU is Dumb to have gonna against Russia

   Glory to Russia 🇷🇺 always be from India ❤

9. The nazis economy boomed when thay switched to a war economy also. And many said "hail hittler" and looked at what happened after thay got a taste of attacking weak neighbours!
   Russia should know not to be like that!

10. With thanks to a demented zombie in the US and a narcissitic incompetent Ursula and collaborating Michel we can soon become a third-world continent. But my guess is the major problem is with the financeers, who have not been replaced by a younger generation that could have anticipated more adequately to world events…this is outdated thinking and acting that we witness

11. THE US ARE THIEVES, 300 BILLION US $ OF RUSSIAN ARE FROZEN IN THE US

12. Putin is the master and has read the world and knows all the weak points of western nations.

    France and German has been affected worst on ukrIne war and Africans are starting kicking out NATO bases in Africa.

    If poor Palestinians are not safe and can't be protected by NATO, the world should block all NATO bases as they are useless

13. Hindustan Times😂😂😂 the only news source in the world other than Moscow.. which lies that Russia is winning😂😂😂😂😂 Fairy tale Garbage.

14. Really

    The leaders of Europe couldn’t run a piss up in a brewery !!

15. Thats not what the russian people are saying

16. Liebe Grüße aus Ostdeutschland 💓

17. West were robbers now it can not work, so they try modern (in their concept) robbery . Otherwise they will be declared as beggars.

18. POWERFUL BUSSIA- PUTIN !
    and
    powerless bidón and yanky

19. The.friend call sanction will be.there worst enemy.america is not god its just a fallin beast

20. Vladimir Putin may be able to violate international law with relative impunity. The laws of economics are less yielding…

    The Russian economy is doing well. Vladimir Putin has repeatedly boasted about all-time low unemployment, real wage growth, and stable inflation. Confronted by an economically near-stagnant Western Europe and the failure of harsh predictions for Russia at the start of its all-out war on Ukraine, this unexpected affluence has provided a bonus for Putin in the hearts and wallets of the Russians. For now, at least.

    The main driver of economic growth is gargantuan war-related state expenditure. For the first time in modern history, the country is set to spend 6% of gross domestic product (GDP) on the military this year, and defense outlays will exceed social spending.

    In addition, there are also substantial state disbursements on other war-related items — like construction in the occupied territories of Ukraine, mortgage subsidies to war veterans and defense sector workers, and domestic production of hitherto imported goods. Overall, expenditure is planned to reach 36.6 trillion rubles ($401bn) in 2024 (a 26.2% annual rise.)

    This spending frenzy is funded partly by oil revenue, which Western sanctions failed to stanch. It’s also supported by increased tax collection, driven by higher economic activity. While both are rising, spending can be sustained, which aids the economy. Supported by fiscal outlays, meanwhile, the war industry is at full throttle. But therein lies the rub.

    Military factories, barely working just five years ago, are running around the clock and constantly need workers. In this, they must compete with other industries and the army, which is constantly offering higher-paying contracts. No wonder salaries are increasing not only in the military sector but across the board.

    A more granular analysis shows that the wages are rising above average in those regions with a heavier bias toward military production and construction, and with a higher share of contract soldiers. Growth is highest in the lower-to-middle-income parts of society, reflecting a constant competition for workers and soldiers.

    However, rising demand for labor intersects with declining supply. Labor availability has been sapped by the military draft, emigration, and restrictions on Central Asian workers after the Crocus Concert Hall terrorist attack in Moscow in March. As a result, unemployment is setting new historic lows every month.

    It is a basic tenet of economics that unemployment and inflation have an inverse relationship; higher inflation is associated with lower unemployment and vice versa. The so-called Phillips curve shows that at a certain point, even a tiny drop in unemployment results in a sharp rise in inflation.

    Historically, the optimal level of unemployment for Russia, the level at which the economy runs at full capacity without overheating and causing a spike in inflation, is around 4%. In March, it was 2.7%, compared to the average of 5.1% in the decade up to 2022.

    If productivity was rising, optimal unemployment would have declined, as it did in the 2000s, when Putin was still in the business of pursuing liberal economic reforms and sponsoring infrastructure projects. However, the Kremlin now pours money not into new roads or cutting-edge machinery, but into tanks and missiles.

    The result has been that productivity suffered a profound decline in 2022 (just a notch better than in 2009, the year of the global financial crisis.) The Kremlin needs to fix this to make growth more sustainable

    It also explains why inflation is running at twice the central bank’s target and refuses to abate despite a prohibitive 16% base rate.

    Inflation and high interest rates act as additional taxes on low-income Russians, who need to spend a greater share of their incomes on basic goods and services and cannot borrow to cover declining real incomes. The state is thus forced to raise salaries and payouts for the disadvantaged to maintain social support, further fueling inflation. The state also subsidizes loans and mortgages for some social groups, notably those involved in the war effort, which further divides society into winners and losers.

    Foreign investment could have mitigated some of this in better times, but it’s out of the question now. It might also be an option to increase the supply of workers from Central Asia, but with the war going on and anti-immigrant sentiments high, that’s also impossible.

    The Kremlin, as a result, is in a three-way bind of its own making. The government can’t cut spending as long as the war continues. The war, however, saps the labor force, fueling inflation and diminishing both welfare and public sentiment. And high interest rates, necessitated by all that inflation, stifle investment in productivity and further distort the economy.

    To be clear, Putin can keep this juggling act going for a while longer. Oil sales are keeping the budget sound enough (sales in April alone doubled to $14bn year-on-year), while military spending is still much lower as a share of GDP than in the USSR, and state capitalism remains much more efficient than late socialism. However, with every tick of the clock, Russia’s wartime economy becomes more susceptible to external (or internal, for that matter) shocks.

    Putin used to know that the economy was best left to professionals. Indeed, the men and women running the country’s central bank, finance ministry, and ministry of economic development remain highly skilled and saved the country from economic collapse in 2022.

    Two years on, they clearly understand the longer-term impossibility of the task they’ve been set. The question is, do they dare tell the boss? And if they do, will he listen?

    Alexander Kolyandr is a researcher for the Centre for European Policy Analysis (CEPA) specializing in the Russian economy and politics. Previously he was a journalist for the Wall Street Journal and a banker for Credit Suisse. He was born in Kharkiv, Ukraine, and lives in London.

    Europe’s Edge is CEPA’s online journal covering critical topics on the foreign policy docket across Europe and North America. All opinions are those of the author and do not necessarily represent the position or views of the institutions they represent or the Center for European Policy Analysis.

21. busy creating fake news and missed all that rusia did last 2+ years? launched multiple satellites, grew its ship building industry, signed 2 nuclear power plants deals, building alternative trade route in arctic with ports and all, launched multiple war ships/planes/tanks/rebuilding mariapol/etc, built railroad/ports/roads, brics agenda, rebranded western brands successfully and many more.

22. If Russia economy is booming upon all this sanctions from these nations then no need to do business with these countries in the future because this shows Russia has been loosing when doing business with them

23. Russian People are very hardworking and intelligent people. Unlike the West, Russia is not relying on immigrants to work for them and run their country. Unfortunately, Immigrants bring innovation, labor, talent, and capital to the West.

24. It's the West's idiotic moves that boosted Russian economy. When do the Western jokers realize that they can't keep getting their way every time?

25. Russia is a real time freak show.
    1984

26. Why would anyone believe economic numbers fabricated by Putin’s government? The Ruble hasn’t been a hard currency and hasn’t had anything but official fantasy data released since 2022, and that fantasy just gets more and more detached from reality over time.

27. I said always that Putin is the only Superpower in the World. ❤❤❤

28. HINDUSATAN – The Russian population should exchange their rubles for euros, dollars or other stable currencies (or even gold) as quickly as possible. According to well-informed channels, the Putin regime is about to fall any day.

29. Azov brigade thwart Russian counter-attacks in the

30. 24:07
    
    Now playing

    Why Is Russia on the Brink of Collapse

31. Glory to mother 🇷🇺Russia❤❤❤❤❤❤😊from India 🇮🇳tuty manapad

32. Soutien de France.
    Les clowns et traîtres qui gouvernent la France, ne sont pas le peuple.
    Россия, on t'aime.
    🇷🇺♥️🇨🇵

33. West led by USA is not the world.All other countries must trade with each other using their own currency or another common currency other than USA dollar.The dedollarization process must be excellerated because USA is militarizing the dollar to undermine the sovereignty of other countries

34. keep it up Russia, glory to Russia

35. You will not see this on Fox news or CNN wonder why? 😂

36. Biden and the main stream media are ignoring the war in Ukraine , it suddenly smells of corruption

37. The clip starts with J. Hinkle's favourite Putin walk, with which he opened the show several times. before Hinkle's you_tube channel, The Dive (300K), was cancelled. The correct aspect ratio makes the flawless (after editing) but nervous performance of ceremonial duties a lot more informative about the people involved.
    The look that Putin gives the camera is penetrating.

38. Instead of building an actual economy they are printing money like there''s no tomorrow.

39. Anybody who believes Hindustan has shit for brains.

40. Biden and Congress are a joke to the American People.

41. But I thought the Western analysts stated the Russian economy would collapse with vigorous sanctions by 2023 🤔