The rest of the articles goes on and on about how great the BRICS are; their agenda is kind of obvious.
By GDP, the Russian economy is 11th- which is kind of disappointing considering that it has oil reserves, an agricultural surplus, and borders the EU, China, and the United States.
The copium industry seem to be running strong in Russia, it is carrying their whole economy (on paper).
Imagine being the biggest country in the world, with more resources than any other country (oil, gas, food, you name it) and you still struggle compared to the Netherlands that are one of the smallest countries.
Then you pay for these idiotic articles to cope with your failure.
Pathetic. Imagine a world without fascist dictators slave of their own ego
The sanctions were never “massive,” as dozens of Western companies only said they were leaving but never did and faced no consequences. Meanwhile countries who claimed to agree with the West on the sanctions still bought Russian oil.
I’m not economist, but I’d really like to know how this high PPP is counted.
I know for a fact that it’s extremely common for Russian gamers to play free2play games such as Counter-Strike, LoL, Hearthstone, DotA 2 and such, simply because many of them can’t afford to buy video games. Video games are on a whole quite cheap, so if a lot of Russians struggle to even buy a video game I can’t see how they get to enjoy the high PPP.
I barely see Russians in “Pay2Play”-games, so I think that this still applies, even after sanctions were put on Russia.
Can someone explain?
Because of China.
China still fully trades with Russia. Western countries trade with China. The west still indirectly trades with Russia. As long as the west trades with China they are still indirectly helping Russia.
Russia, China, Iran and friends seem more motivated than ever to “beat” the west, financially
Is there a chance this competition makes anything better for both sides..?
I don’t know much about economics, but seems to me that a dollar made by selling resource like oil or a piece of tech is more important to the world than a dollar made by selling a tourist attraction. Is there an indicator the takes that into account?
Yes, it’s very hard to choke a country that is built to be a superpower.
If Russia was an island that imported all it needed and had no butt-tone of natural resources, say like Cuba ? Sanctions would have worked.
Add to that the moral double standards that basically made the west very unattractive to now “Russian-sympathizers”
It’s easy to have a big economy when you just make up the figures and don’t allow the IMF to verify them.
A 21% interest rate is not an indicator of an economy doing well.
Wartime economy always seems strong, until you realize it is running on debt. In a normal economy, you make something, someone buys it and uses it further. In a wartime economy, you make something and destroy it.
Because a country with 21% interest and a bonds market that is collapsing is a good sign of a healthy and robust market.
China’s foreign investment is not picking up the slack of previous European and American partners and it shows
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Based on PPP…
The rest of the articles goes on and on about how great the BRICS are; their agenda is kind of obvious.
By GDP, the Russian economy is 11th- which is kind of disappointing considering that it has oil reserves, an agricultural surplus, and borders the EU, China, and the United States.
The copium industry seem to be running strong in Russia, it is carrying their whole economy (on paper).
Imagine being the biggest country in the world, with more resources than any other country (oil, gas, food, you name it) and you still struggle compared to the Netherlands that are one of the smallest countries.
Then you pay for these idiotic articles to cope with your failure.
Pathetic. Imagine a world without fascist dictators slave of their own ego
The sanctions were never “massive,” as dozens of Western companies only said they were leaving but never did and faced no consequences. Meanwhile countries who claimed to agree with the West on the sanctions still bought Russian oil.
I’m not economist, but I’d really like to know how this high PPP is counted.
I know for a fact that it’s extremely common for Russian gamers to play free2play games such as Counter-Strike, LoL, Hearthstone, DotA 2 and such, simply because many of them can’t afford to buy video games. Video games are on a whole quite cheap, so if a lot of Russians struggle to even buy a video game I can’t see how they get to enjoy the high PPP.
I barely see Russians in “Pay2Play”-games, so I think that this still applies, even after sanctions were put on Russia.
Can someone explain?
Because of China.
China still fully trades with Russia. Western countries trade with China. The west still indirectly trades with Russia. As long as the west trades with China they are still indirectly helping Russia.
Russia, China, Iran and friends seem more motivated than ever to “beat” the west, financially
Is there a chance this competition makes anything better for both sides..?
I don’t know much about economics, but seems to me that a dollar made by selling resource like oil or a piece of tech is more important to the world than a dollar made by selling a tourist attraction. Is there an indicator the takes that into account?
Yes, it’s very hard to choke a country that is built to be a superpower.
If Russia was an island that imported all it needed and had no butt-tone of natural resources, say like Cuba ? Sanctions would have worked.
Add to that the moral double standards that basically made the west very unattractive to now “Russian-sympathizers”
It’s easy to have a big economy when you just make up the figures and don’t allow the IMF to verify them.
A 21% interest rate is not an indicator of an economy doing well.
Wartime economy always seems strong, until you realize it is running on debt. In a normal economy, you make something, someone buys it and uses it further. In a wartime economy, you make something and destroy it.
Because a country with 21% interest and a bonds market that is collapsing is a good sign of a healthy and robust market.
China’s foreign investment is not picking up the slack of previous European and American partners and it shows
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