Topic: Russia's economy is 'imploding' on export decline, economists claim - page 12. (Read 3158 times)

Anyway, I'm not surprised as alot used to believe that Russia was being defeated in the war against globalist in Ukraine.

This is pretty much what brought Iran to the worst crisis in its recent history.

I think it's easy to see though, that these sanctions aren't just hurting Russia's economy. It's hurting the West's.

If Russia had chosen to develop its industry instead of relying on raw materials, it would not be in the mess it's in.

The western sanctions will hit the Russian economy in the long term, the Russian oil prices are 30% lower than the western oil prices.
Russia will have to sell more oil, gas and food to China, but the prices will be low, so the export revenue won't bring bigger profits for the Russian economy. The biggest negative effect of the sanctions will be the technological deterioration of the Russian economy, which will happen slowly, in a matter of several years.
Nobody is denying the fact, that the western sanctions will hit the western economies ae well. This is the side effect of globalization. The countries and their economies have become codependent on each other. The sanctions will end the state of codependency and create a more fragmented and divided global economy.

vy can launch missiles at Ukraine.

The ports where submarines regularly docked in Sevastopol’s Southern Bay (Crimea) were empty on the afternoon of 13 May, Crimea Realities, a local media outlet, has claimed.

The Russian Black Sea Fleet consists of six submarines of the “Varshavianka” class: B-261 Novorossiysk, B-237 Rostov-na-Donu, B-262 Stary Oskol, B-265 Krasnodar, B-268 Veliky Novgorod, and B-271 Kolpino.

https://eurasiantimes.com/russian-submarines-are-now-in-the-black-sea-as-moscow-ukraine/

It's easier said than done! When the import of a country is down, it means two things -

1. The country is on the way of becoming independent
2. Their forex reserves are saved from being depleted faster

These are the indicators of a strong economy and not a weak one. Russia has been supplying around 14% of world's oil and gas requirement since long. So it is not very easy to make them bend down in the face of sanctions.

Most hilariously when the sanctions have been imposed by a country responsible for most number of wars in the history of humankind.

The world must end of dollar dominance which gives US an upper hand on almost everything.

The share of Russia in China's imports is approximately 2%. The share of China in Russian imports is 15%. Supplies from Russia to China are 70% oil, timber, coal, i.e. resources. At the same time, China imports these resources, at the prices that China wants, Russia does not dare to put any conditions on China.
Deliveries from China to Russia are from penny small things to the most high-tech systems. With the latter, however, a strong reduction in supplies is noticeable. Moreover, China did not even bother to warn or explain to Russia why it does this

Germany - the picture is identical. But Germany, on top of everything else, also initiates and launches sanctions against Russia

Really great partnership?

It has been over two months Russia attacked Ukraine, sanctions followed, but the war is still two months old and counting, more sanctions are still being prepared i am sure, but honestly it does not look like it has had the type of impact the Eu and other countries thought it would have, Russia are still going on with the war, meaning they are still doing their economic business fine, maybe not as well as before, but they will be happy it is not just them that is suffering from their actions, but a lot of other countries. It is getting to that point that we must have to agree that sanctions can't end this war, or force Russia to stop, something more stringent has to be done.

They say russian imports are down 50%. While russian exports are up 64%. Therefore russia's GDP will suffer a collapse of 30% by the end of 2022.

As far as I know russia's food production has risen annually which has decreased demand for food imports. Russia's imports should fall naturally as it seeks to become more independent under sanctions. Russia has lived under economic sanctions for so many years I don't know what sanctions they propose to impose on them that have not already been done.

Russia exporting more than it imports may also represent the opposite of a trade deficit. Which could be a good arrangement depending on who you ask.

China and germany being named as russia's largest trading partners is another surprise considering natural gas and oil exports to the EU have typically been named as the route to crashing russia's economy.

Russia's economy is collapsing as exports to the sanctioned country plummet in the face of President Vladimir Putin's ongoing, unprovoked war in Ukraine, trade experts suggest.

The "economy is imploding. We forecast a GDP collapse of -30% by end-2022," Robin Brooks, the chief economist at the Institute of International Finance trade group, tweeted on Sunday.  

Brooks added that data compiled with help from Jonathan Pingle, an IIF researcher, indicated that exports from 20 countries to Russia were down 50% in April compared to the same time a year prior.

But monthly exports from Russia to other countries were up 64% in April compared to the same time a year prior, Brooks said on Monday, as oil and gas sales become a bigger part of Moscow's revenue.

Brooks said the country's account surpluses were "massive," which meant Russia was exporting far more than it was importing.

Russia stopped publishing its trade data after invading Ukraine in late February, so Brooks said the data was compiled using 20 of the country's top trading partners.

The Observatory of Economic Complexity said Russia's top trading partners include China and Germany.  

Since the invasion, European and Western countries have unveiled a slew of sanctions packages aimed at crippling Russia's economy.

Ukraine's government has routinely lobbied for harsher sanctions and led a push to try to redirect European Union countries away from Russian gas and oil — a main source of Moscow's federal revenue.


https://www.businessinsider.com/russian-economy-imploding-exports-under-pressure-ukraine-war-sanctions-2022-5