Russia as the cornerstone of the world economy - page 2.

AmoreJaz

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Quote from: South Park on April 03, 2022, 01:27:47 PM

Quote from: palle11 on April 02, 2022, 10:09:23 AM

Russian gas can not be the reason that it has become the corner of world economy. Russia is supplying gas majorly to EU and they have not prepared themselves for this kind of situation and this is the reason they are facing this situation when Russia is cutting out gas supply from them. There are other countries supply gas but because the EU have not been trading with them and distance making it a challenge. Russia is not a corner stone they are just rich in supply of gas to EU.

Correct, in a way we could just say that Russia is incredibly lucky to be sitting in a bunch of natural resources that the world needs, Japan on the other hand does not have many resources and yet it is one of the biggest economies of the world despite being almost obliterated after WW2, so they have a lot more merits from their economic power as they have achieved this with their hard work and their technological advances, also while it would take some time Europe will begin to look for alternatives to get their gas from other sources, and diminish the power Russia has over them and then increase even further their sanctions against them.

EU can always find better alternative from Russian gas. that I believe. it may be temporary that they feel to be crippled with this cut off. but there are other sources waiting to be tap. it is not the end for them. and so i don't think russia is to be considered the cornerstone of the world economy. sooner or later, the russia itself will find out that their economy is collapsing owed to this war, or it is already collapsing as we speak. later on, a lot of these countries wont rely from Russia anymore. there are more resources out there.

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Quote from: palle11 on April 02, 2022, 10:09:23 AM

Russian gas can not be the reason that it has become the corner of world economy. Russia is supplying gas majorly to EU and they have not prepared themselves for this kind of situation and this is the reason they are facing this situation when Russia is cutting out gas supply from them. There are other countries supply gas but because the EU have not been trading with them and distance making it a challenge. Russia is not a corner stone they are just rich in supply of gas to EU.

Correct, in a way we could just say that Russia is incredibly lucky to be sitting in a bunch of natural resources that the world needs, Japan on the other hand does not have many resources and yet it is one of the biggest economies of the world despite being almost obliterated after WW2, so they have a lot more merits from their economic power as they have achieved this with their hard work and their technological advances, also while it would take some time Europe will begin to look for alternatives to get their gas from other sources, and diminish the power Russia has over them and then increase even further their sanctions against them.

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Quote from: Bontexkenzy on April 02, 2022, 05:02:35 AM

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Political war is not a problem to Russia but ecomical war which is presently going on with most of the countries of the world

To rephrase what you are talking about, everything about the invasion is political and the economic sanctions imposed upon Russia is political and you think that Political war is not a problem for Russia Cheesy

. FYI everything is politically connected, India and surrounding country is neutral in this scenario because China is supporting Russia and India and surrounding countries cannot stand against them because in an unlikely situation of a war between China and surrounding neighbors, no western country can help them Tongue

.

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Quote from: Asiska02 on April 02, 2022, 09:07:54 AM

Am sure the Russians know what they’re doing and where this war will definitely lead to. They’re showcasing their strength as a nation to other nations that will dare to threaten their existence with mere political rights and democratic rule as a whole. Sooner or later the world will find out the meaning of the war and its true intentions.

Ukraine did not threaten Russia in any way and was such a peaceful state that it itself abandoned the third largest nuclear potential in the world, and also went to reduce the size of its army. For which she suffered from her aggressive neighbor Russia. However, Putin and his entourage made a big strategic mistake by launching the current open military invasion of Ukraine. For once, Ukraine will withstand this blow, and in the first month of the war alone, it has destroyed about 40 percent of Russia's military potential in terms of manpower and equipment. Putin is leading his country to death and poverty. I don’t know about Putin himself, but his entourage is already beginning to understand this. With such a military defeat and harsh sanctions, Russia will soon cease to be a superpower and it is likely that it will fall apart into several independent states.

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Quote from: Tony116 on April 03, 2022, 04:00:16 AM

Russia is not the cornerstone of the world economy, but as the world's second-largest supplier of oil it also has some influence. The truth is that when the war between Russia and Ukraine took place, US sanctions affected Russia's oil supply to the world and the world is going through bad days because of the energy crisis. Once the energy crisis hits, all other crises in the world will follow.

If we look at the outside, this war is only between Russia and Ukraine.
but if we look deeper, actually this war is really complex and a lot of people are involved like the United States and China,
especially with this war continuing then it will be a problem for the global economy as you said that with the energy crisis it will have an effect on other crises

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Quote from: DrBeer on April 02, 2022, 08:14:08 AM

This is the funniest headline ever! Tell me - did you prepare it for April 1st?

So ... Once again, "Russia as the cornerstone of the world economy" ? Are you seriously Huh

? Why not Spain? Or like Italy?
Do you know why I laugh? Because in the WORLD economy, the share of Russia is 1.99%, and Italy is 2.44% !!! What is the impact of Russia on the world economy? 2%? The Italian economy is POWERFUL!
You are confusing an exaggerated image with reality! You are confusing a huge uninhabited, devoid of civilization, territory, with the words "largest country"!

Here is a picture where you can find the Russian economy and compare with the rest

Instead of focusing on how much a country contributes, we should focus on the horrors of war between Russia and Ukraine.

And yes I agree with one of you said "The Russian government has every country on its toes now".
Evidence of this can be seen in Putin's statement where he said that any country that helps Ukraine will be considered to have joined the war against Russia. How authoritative and confident people can make such an adventurous comment!

amishmanish

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This really is just one of Putin's power moves to make Russia relevant in the geopolitical arena of the world.

China is the upcoming superpower which means that Russia will get co-opted by China as the purveyor of an alternative to west backed system of capitalist democracies. Either that or Russia will just go out with a bang (Lets just hope its not a nuclear one).

What Putin has put at stake is Russian pride and identity. Despite the misinformation about fighting Nazis, there is little chance that this can continue to receive support from the population. The world isn't so closed anymore and the Russian channels of misinformation aren't as absolute and strong as that of China. The invasion will at some point lose support.

As far as Russia being the cornerstone of world economy, when was the last time that a technological innovation from a Russian corporation took the world by surprise. The time of USSR innovation and mega-manufacturing is long gone. Most of it has been taken over by the corporate espionage of China. America remains the only credible balancer to China. Russia is really just a power on its way out. Imagine all of this WITHOUT Putin. Nobody would have given a damn.

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Russia is not the cornerstone of the world economy, but as the world's second-largest supplier of oil it also has some influence. The truth is that when the war between Russia and Ukraine took place, US sanctions affected Russia's oil supply to the world and the world is going through bad days because of the energy crisis. Once the energy crisis hits, all other crises in the world will follow.

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Quote from: DrBeer on April 02, 2022, 08:14:08 AM

This is the funniest headline ever! Tell me - did you prepare it for April 1st?

So ... Once again, "Russia as the cornerstone of the world economy" ? Are you seriously Huh

? Why not Spain? Or like Italy?
Do you know why I laugh? Because in the WORLD economy, the share of Russia is 1.99%, and Italy is 2.44% !!! What is the impact of Russia on the world economy? 2%? The Italian economy is POWERFUL!
You are confusing an exaggerated image with reality! You are confusing a huge uninhabited, devoid of civilization, territory, with the words "largest country"!

Here is a picture where you can find the Russian economy and compare with the rest

Apparently the op didn't do a bit of research before making his post, it is very clear on the charr where the Russian economy is in the chart, we have country's like US 24.4%, chaina 15.4%, Japan %6.13, Germany %4.6 on the world economy, Russia is not even among the countries with high percent.
Putin should be the one concerned with the economic war his country his facing and not the other way round. He has nothing to hold against other countries beside crude oil which am sure there are alternatives.

davis196

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Quote

So ... Once again, "Russia as the cornerstone of the world economy" ? Are you seriously Huh? Why not Spain? Or like Italy?
Do you know why I laugh? Because in the WORLD economy, the share of Russia is 1.99%, and Italy is 2.44% !!! What is the impact of Russia on the world economy? 2%? The Italian economy is POWERFUL!

Comparing GDPs of different countries is pretty oversimplifying and kinda misleading.
Russia exports oil,natural gas and grain,which are essential for the global economy(especially for the European economy). Natural gas is being used in many industries and what would happen with the Italian economy,if Russia stops selling oil and gas to Italy?I assume that Italy might start buying oil and gas from somewhere else(at a higher price),which will eventually slowdown the growth of the Italian economy and lower the standard of living in Italy.
What if Russia stops exporting grain?This might create food shortage in Europe.
Anyway,this is an economic war between Russia and the western world,not between Russia and the entire world.Both Russia and the western world will suffer a lot from the sanctions.

Gyfts

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Russia’s power lies within its nuclear capabilities only. Their economy is peanuts compared to the western world. Even with the invasion of Ukraine in the world is not as concerned with Russia unless they make advancements on a NATO affiliated country. It’s true that some Eastern European countries are receiving military support from the US as a precaution but I would not consider that to be any major concern. If they truly were concerned they would have nuclear submarines on standby. This is a war between Russia and Ukraine the rest of the world is just watching.

https://www.worldometers.info/gdp/gdp-by-country/

Russia is 11th on the global GDP scale. They aren't world leaders.

STT

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The Russian people could be a cornerstone perhaps but that government currently is undermining free trade, its the opposite of a cornerstone in the instability and threat it poses to all people. Russia needs to develop its economy even before this war it was vital to do so and it has not yet managed that security in of itself, the timing and thoughts behind this war is poor for their own people also regardless of how it ends.
Any country relying on purely a commodity economy is actually highly fragile, Saudi Arabia recognizes this, the UAE gets that modern development is required not to be left behind despite their great wealth currently.

henmark

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I wouldn't say cornerstone of the world, but they are definitely a strong nation. Imagine a nation so powerful and scary at the same time that a whole organization called NATO was built to defend all together against just one nation. Obviously at that time it was against USSR and not Russia, and USSR had a few other nations involved, whereas Russia doesn't but that eventually became not a problem because they were basically helping them, and instead they did not which allowed them to spend money back to themselves.

Russia is very vey rich when it comes to energy sources, gas and oil mainly, and that does allow them to be rich but definitely not cornerstone of the world.

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Quote from: Bontexkenzy on April 02, 2022, 05:02:35 AM

The invasion of Russia in Ukraine has highlights different repercussions be it positive or negative.The war going on presently is not only between Russia and Ukraine but between Russia and the world at large.the Russian government has every country on its toes now.
Russia may be going through economic decline presently cause by the war.buy I am certain before starting the war,they have projected the long run advantage of the war.
Political war is not a problem to Russia but ecomical war which is presently going on with most of the countries of the world

I don't think they projected economic advantage at all. Russia isn't that dumb not to realize that an invasion would be followed by more sanctions. So they probably accounted for some of those, but allegedly didn't expect the sanctions to be as harsh as they are. Also, they weren't planning a long war. It's clear from both pre-war Western estimates and Russian propaganda that they expected to take over Ukraine very fast, in a matter of days. They didn't expect Ukraine to fight back as much, so now it's been going badly for Russia for a while. It might somewhat stay afloat if the EU doesn't impose a full gas and oil embargo, but I hope they will (or at least some major countries will do so individually), but no economic gain will be a result of this war for Russia.

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If war didn't exist the Russia maybe facing the more economical problems but now they are getting the benefits out of the sanctions. Russia isn't actually contributing to the world's economy but from this they are taking help of the two biggest countries which are China and India so they can be able to continue their exports while the western countries are going to suffer due to the oil price hike.

palle11

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Russian gas can not be the reason that it has become the corner of world economy. Russia is supplying gas majorly to EU and they have not prepared themselves for this kind of situation and this is the reason they are facing this situation when Russia is cutting out gas supply from them. There are other countries supply gas but because the EU have not been trading with them and distance making it a challenge. Russia is not a corner stone they are just rich in supply of gas to EU.

Moneyprism

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yes it is right now Russia seems to be controlling the prices of world oil and gas,,, but in the future it won't be long, because some countries are ready to explore their oil and gas and increase their production...and if these projects are completed , surely Russian oil and gas will be replaced

Asiska02

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Am sure the Russians know what they’re doing and where this war will definitely lead to. They’re showcasing their strength as a nation to other nations that will dare to threaten their existence with mere political rights and democratic rule as a whole. Sooner or later the world will find out the meaning of the war and its true intentions.

DrBeer

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This is the funniest headline ever! Tell me - did you prepare it for April 1st?

So ... Once again, "Russia as the cornerstone of the world economy" ? Are you seriously Huh

? Why not Spain? Or like Italy?
Do you know why I laugh? Because in the WORLD economy, the share of Russia is 1.99%, and Italy is 2.44% !!! What is the impact of Russia on the world economy? 2%? The Italian economy is POWERFUL!
You are confusing an exaggerated image with reality! You are confusing a huge uninhabited, devoid of civilization, territory, with the words "largest country"!

Here is a picture where you can find the Russian economy and compare with the rest

Doan9269

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Quote from: Bontexkenzy on April 02, 2022, 05:02:35 AM

The invasion of Russia in Ukraine has highlights different repercussions be it positive or negative.

Repercussions on who? well it must be Russia you're talking about here because no any country bearing the cost than Russia, they are paying more than it cost.

Quote from: Bontexkenzy on April 02, 2022, 05:02:35 AM

Russia may be going through economic decline presently cause by the war.

There's no maybe here, this is a matter of certainty that Russia is truly going through alot and the citizens are most affected.

Quote from: Bontexkenzy on April 02, 2022, 05:02:35 AM

Political war is not a problem to Russia but ecomical war which is presently going on with most of the countries of the world

The sanction place on Russia is a symbolic sign that no country is permitted to relate, trade or engage on any economic affairs with Russia because Ukraine invassion is uncalled for which is understood by everyone.

Topic: Russia as the cornerstone of the world economy - page 2. (Read 361 times)