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Topic: Russia's economy is 'imploding' on export decline, economists claim - page 12. (Read 3709 times)

legendary
Activity: 3752
Merit: 1864
Both suspended and launched, production is not in the combat zone, as well as a significant part of the raw materials sources (industries).
In Ukraine, two companies prior to the start of the operation were cleaning Russian neon for the needs of microelectronics - Cryoin in Odessa and Ingaz in Mariupol. I think Ukraine will hardly be able to launch a company in Mariupol in the foreseeable future, there are also doubts about Odessa.

And now bother to provide evidence that all the neon produced by Ukraine was just a post-treatment of the Russian one? But just not links to fake generators like RushToday or other fake media from Russia? Smiley
It is not difficult to confirm this information with a link, it is more difficult to find a link that is not affiliated with Russia and which you can trust.

For example here is an article in a Spanish newspaper.

Quote
Ukraine provides half of the world's supply of neon, which is necessary for the production of semiconductors. Neon is used in lasers, which are used to create patterns on chips. The Odessa company "Cryoin" played an important role in deliveries of neon to the USA, South Korea and Japan. Gases generated as a by-product in Russian steel mills were supplied to Cryoin, where they were then purified.
Quote from the article at the link, highlighted by me.

The article smells very strongly, no, not for biased, but absolutely about the Russian. The result of the article - well, where are you without Russia!? Would they lie if the truth was reprinted in Russian media Smiley
https://inosmi.ru/20220531/resursy-254354103.html

By the way, there is not a word about the fact that Russian resources are the main raw material for all neon production in Ukraine. It only says that 1 out of 2 plants supplied products from the Russian steel industry. "Ukraine did not produce neon itself, but purified Russian - your words"? Maybe you didn't understand the question? Ok, I repeat once again - indicate a trustworthy source containing verified information that everything, as you indicated, Ukrainian production works on Russian raw materials, and without it it cannot produce neon? Did you mean that in your original post? If not, then there is no particular problem, only part of the raw materials for 1 plant "fell off", which can be compensated by supplies from other countries - Germany, Slovenia, Italy ... Or are there steel mills only in Russia? Smiley

I can only add, I stand by the truth in any situation, that Ukrainian companies, in some cases, partially used Russian raw materials, both for part of their needs, and on a contract basis, for Russian producers, performing post-treatment of primary raw materials (a by-product of metallurgy) . But Russian raw materials were not of any critical importance. By the way, you forgot to mention that the article says "Ukraine provides half of the world's neon supplies." Half is 50%, or do you think differently? Smiley

The plant located in Odessa will be launched. The plant in Mariupol, after being freed from terrorists, will also be put into operation - the country and business need money.
I am not ready to say how much the Neon plant suffered from terrorists, but if it cannot quickly enter into operation, it is possible that production will be increased in Odessa. Yes, there will be a noticeable decrease in supplies, but the world market will now perfectly understand that dealing with such terrorist suppliers as Russia should never be done again.
I did not go deep into the technology of neon production, as far as I understand, this is not a very environmentally friendly event. Therefore, in principle, its production can be established within a year in many countries of the world, but there is no queue of those who want to. In fact, at present, inert gases are a strong lever of pressure from Russia on unfriendly countries, in the future this situation may change, but now it is so.

I also cannot say that I am the chief engineer of the neon production workshop, but there is a quite accessible procedure for obtaining neon from the by-products of metallurgical production. In fact, neon is not mined, it is one of the by-products that is formed as a result of the liquefaction and separation of ... simple air, in the metallurgical industry. The primary raw material is a neon-hel mixture, which is a by-product of the above process.

But the separation of helium and neon is carried out due to adsorption and condensation. The adsorption method is based on the ability of neon, unlike helium, to be adsorbed by activated carbon cooled with liquid nitrogen. The condensation method is based on neon freezing when the mixture is cooled.
It doesn't look like any toxic inhibitors or additives are used here, it's just that the production is very specific and the equipment is not cheap.
copper member
Activity: 2226
Merit: 915
White Russian
Both suspended and launched, production is not in the combat zone, as well as a significant part of the raw materials sources (industries).
In Ukraine, two companies prior to the start of the operation were cleaning Russian neon for the needs of microelectronics - Cryoin in Odessa and Ingaz in Mariupol. I think Ukraine will hardly be able to launch a company in Mariupol in the foreseeable future, there are also doubts about Odessa.

And now bother to provide evidence that all the neon produced by Ukraine was just a post-treatment of the Russian one? But just not links to fake generators like RushToday or other fake media from Russia? Smiley
It is not difficult to confirm this information with a link, it is more difficult to find a link that is not affiliated with Russia and which you can trust.

For example here is an article in a Spanish newspaper.

Quote
Ukraine provides half of the world's supply of neon, which is necessary for the production of semiconductors. Neon is used in lasers, which are used to create patterns on chips. The Odessa company "Cryoin" played an important role in deliveries of neon to the USA, South Korea and Japan. Gases generated as a by-product in Russian steel mills were supplied to Cryoin, where they were then purified.
Quote from the article at the link, highlighted by me.

The article smells very strongly, no, not for biased, but absolutely about the Russian. The result of the article - well, where are you without Russia!? Would they lie if the truth was reprinted in Russian media Smiley
https://inosmi.ru/20220531/resursy-254354103.html

By the way, there is not a word about the fact that Russian resources are the main raw material for all neon production in Ukraine. It only says that 1 out of 2 plants supplied products from the Russian steel industry. "Ukraine did not produce neon itself, but purified Russian - your words"? Maybe you didn't understand the question? Ok, I repeat once again - indicate a trustworthy source containing verified information that everything, as you indicated, Ukrainian production works on Russian raw materials, and without it it cannot produce neon? Did you mean that in your original post? If not, then there is no particular problem, only part of the raw materials for 1 plant "fell off", which can be compensated by supplies from other countries - Germany, Slovenia, Italy ... Or are there steel mills only in Russia? Smiley

I can only add, I stand by the truth in any situation, that Ukrainian companies, in some cases, partially used Russian raw materials, both for part of their needs, and on a contract basis, for Russian producers, performing post-treatment of primary raw materials (a by-product of metallurgy) . But Russian raw materials were not of any critical importance. By the way, you forgot to mention that the article says "Ukraine provides half of the world's neon supplies." Half is 50%, or do you think differently? Smiley

The plant located in Odessa will be launched. The plant in Mariupol, after being freed from terrorists, will also be put into operation - the country and business need money.
I am not ready to say how much the Neon plant suffered from terrorists, but if it cannot quickly enter into operation, it is possible that production will be increased in Odessa. Yes, there will be a noticeable decrease in supplies, but the world market will now perfectly understand that dealing with such terrorist suppliers as Russia should never be done again.
I did not go deep into the technology of neon production, as far as I understand, this is not a very environmentally friendly event. Therefore, in principle, its production can be established within a year in many countries of the world, but there is no queue of those who want to. In fact, at present, inert gases are a strong lever of pressure from Russia on unfriendly countries, in the future this situation may change, but now it is so.
legendary
Activity: 3752
Merit: 1864
Both suspended and launched, production is not in the combat zone, as well as a significant part of the raw materials sources (industries).
In Ukraine, two companies prior to the start of the operation were cleaning Russian neon for the needs of microelectronics - Cryoin in Odessa and Ingaz in Mariupol. I think Ukraine will hardly be able to launch a company in Mariupol in the foreseeable future, there are also doubts about Odessa.

And now bother to provide evidence that all the neon produced by Ukraine was just a post-treatment of the Russian one? But just not links to fake generators like RushToday or other fake media from Russia? Smiley
It is not difficult to confirm this information with a link, it is more difficult to find a link that is not affiliated with Russia and which you can trust.

For example here is an article in a Spanish newspaper.

Quote
Ukraine provides half of the world's supply of neon, which is necessary for the production of semiconductors. Neon is used in lasers, which are used to create patterns on chips. The Odessa company "Cryoin" played an important role in deliveries of neon to the USA, South Korea and Japan. Gases generated as a by-product in Russian steel mills were supplied to Cryoin, where they were then purified.
Quote from the article at the link, highlighted by me.

The article smells very strongly, no, not for biased, but absolutely about the Russian. The result of the article - well, where are you without Russia!? Would they lie if the truth was reprinted in Russian media Smiley
https://inosmi.ru/20220531/resursy-254354103.html

By the way, there is not a word about the fact that Russian resources are the main raw material for all neon production in Ukraine. It only says that 1 out of 2 plants supplied products from the Russian steel industry. "Ukraine did not produce neon itself, but purified Russian - your words"? Maybe you didn't understand the question? Ok, I repeat once again - indicate a trustworthy source containing verified information that everything, as you indicated, Ukrainian production works on Russian raw materials, and without it it cannot produce neon? Did you mean that in your original post? If not, then there is no particular problem, only part of the raw materials for 1 plant "fell off", which can be compensated by supplies from other countries - Germany, Slovenia, Italy ... Or are there steel mills only in Russia? Smiley

I can only add, I stand by the truth in any situation, that Ukrainian companies, in some cases, partially used Russian raw materials, both for part of their needs, and on a contract basis, for Russian producers, performing post-treatment of primary raw materials (a by-product of metallurgy) . But Russian raw materials were not of any critical importance. By the way, you forgot to mention that the article says "Ukraine provides half of the world's neon supplies." Half is 50%, or do you think differently? Smiley

The plant located in Odessa will be launched. The plant in Mariupol, after being freed from terrorists, will also be put into operation - the country and business need money.
I am not ready to say how much the Neon plant suffered from terrorists, but if it cannot quickly enter into operation, it is possible that production will be increased in Odessa. Yes, there will be a noticeable decrease in supplies, but the world market will now perfectly understand that dealing with such terrorist suppliers as Russia should never be done again.
copper member
Activity: 2226
Merit: 915
White Russian
Both suspended and launched, production is not in the combat zone, as well as a significant part of the raw materials sources (industries).
In Ukraine, two companies prior to the start of the operation were cleaning Russian neon for the needs of microelectronics - Cryoin in Odessa and Ingaz in Mariupol. I think Ukraine will hardly be able to launch a company in Mariupol in the foreseeable future, there are also doubts about Odessa.

And now bother to provide evidence that all the neon produced by Ukraine was just a post-treatment of the Russian one? But just not links to fake generators like RushToday or other fake media from Russia? Smiley
It is not difficult to confirm this information with a link, it is more difficult to find a link that is not affiliated with Russia and which you can trust.

For example here is an article in a Spanish newspaper.

Quote
Ukraine provides half of the world's supply of neon, which is necessary for the production of semiconductors. Neon is used in lasers, which are used to create patterns on chips. The Odessa company "Cryoin" played an important role in deliveries of neon to the USA, South Korea and Japan. Gases generated as a by-product in Russian steel mills were supplied to Cryoin, where they were then purified.
Quote from the article at the link, highlighted by me.
legendary
Activity: 3752
Merit: 1864
1. Tell me - are you all right with arithmetic? I don’t want to offend you .. but 2/3 of 100% of the market is about 67%. Those. In your opinion, Russia, which supplied 30% of neon to the world market, is this equal to 67%? Are you seriously ? Smiley
But I will support you in your remark - let's see how the market will be rebuilt in connection with another fact proving the unpredictability of Russia as a supplier.
Ukraine stopped supplying neon to the market at the very beginning of the special operation. The share of Ukraine was about 40% and then became zero. Russia's share was about 30% and has now also dropped sharply due to the export ban. As a result, just about two-thirds of the total fell out, everything is in order with arithmetic.

You may also be interested to know that Ukraine did not produce neon itself, but purified Russian. For the production of microelectronics, high-purity neon is needed.


Both suspended and launched, production is not in the combat zone, as well as a significant part of the raw materials sources (industries).
And now bother to provide evidence that all the neon produced by Ukraine was just a post-treatment of the Russian one? But just not links to fake generators like RushToday or other fake media from Russia? Smiley

legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
However, in the field of microelectronics and modern technologies, Russia are hopelessly behind the countries of the Western world.

Microchips and modern electronic components will anyhow land in Russia. The only difference is that they will be smuggled from China and the Russians will be forced to pay a premium for it. The Russians themselves are not going to bother much, as long as they are earning $20 to $25 billion every month from the sale of fossil fuels. A Russian minister recently proposed reducing the crude oil production from 10 million barrels to 7 million barrels a day, to avoid selling oil in discount. Even now they are earning $80 to $90 per barrel, which is much higher than the level in 2021.
legendary
Activity: 2338
Merit: 1775
Catalog Websites
In my opinion, the Russian economy will not collapse due to the imposition of Western sanctions.  

However, Russia is threatened with the "archaization" of the economy.  

At the same time, cars, trains, planes, and trains were produced in the USSR.  All this functioned without the use of modern electronics.  The Russians have the opportunity to gradually restore their heavy industry and even machine tool building. The economy will function.

However, in the field of microelectronics and modern technologies, Russia are hopelessly behind the countries of the Western world.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
Ukraine stopped supplying neon to the market at the very beginning of the special operation. The share of Ukraine was about 40% and then became zero. Russia's share was about 30% and has now also dropped sharply due to the export ban. As a result, just about two-thirds of the total fell out, everything is in order with arithmetic.

You may also be interested to know that Ukraine did not produce neon itself, but purified Russian. For the production of microelectronics, high-purity neon is needed.

As westerners always do, they cut the branch in which they are sitting in. First they restrict oil and gas imports from Russia, thereby harming their own manufacturing units. Now the factories in Europe can't compete with those in the United States and China. On top of that, they are importing refined petroleum products from Indian oil firms, paying a premium. Now automobile manufacturing is going to suffer, as a result of shortage in the microchip sector. For sometime, the citizens are not going to realize this, because the mainstream media will try their best in hiding these facts. But sooner or later, people are going to rebel against rising expenses.
copper member
Activity: 2226
Merit: 915
White Russian
1. Tell me - are you all right with arithmetic? I don’t want to offend you .. but 2/3 of 100% of the market is about 67%. Those. In your opinion, Russia, which supplied 30% of neon to the world market, is this equal to 67%? Are you seriously ? Smiley
But I will support you in your remark - let's see how the market will be rebuilt in connection with another fact proving the unpredictability of Russia as a supplier.
Ukraine stopped supplying neon to the market at the very beginning of the special operation. The share of Ukraine was about 40% and then became zero. Russia's share was about 30% and has now also dropped sharply due to the export ban. As a result, just about two-thirds of the total fell out, everything is in order with arithmetic.

You may also be interested to know that Ukraine did not produce neon itself, but purified Russian. For the production of microelectronics, high-purity neon is needed.
legendary
Activity: 3752
Merit: 1864
Let's see what the reaction of the market will be to the loss of two-thirds of the total volume of neon at once.
I think this means that Europe is trying to fence itself off from Russia with an iron curtain, although this directly threatens its own energy security. The lease of a tanker for the transportation of liquefied gas has already increased by a third from 80 to 120 thousand dollars per day with a contract for a year.

It is so interesting to communicate with you! Smiley

1. Tell me - are you all right with arithmetic? I don’t want to offend you .. but 2/3 of 100% of the market is about 67%. Those. In your opinion, Russia, which supplied 30% of neon to the world market, is this equal to 67%? Are you seriously ? Smiley
But I will support you in your remark - let's see how the market will be rebuilt in connection with another fact proving the unpredictability of Russia as a supplier.

2. I think that Britain simply imposed additional sanctions against the international terrorist to reduce his ability to finance his criminal regime.
In your opinion, the court that passes sentence on a criminal, in the form of imprisonment (restriction of freedom and the possibility of committing crimes) - threaten themselves with self-isolation from the criminal?! Smiley
copper member
Activity: 2226
Merit: 915
White Russian
^^^^ Gazprom has cut supplies only to Orsted (Danmark). They haven't cut any of their supplies to Germany or Netherlands. And in any case the exports to Danmark was minimal, as it is a very small country. Shell's contract to supply Russian gas to Germany stands cancelled, but it represents a small share of overall exports to that country. And as per the latest figures from Gazprom, they exported 61 billion cubic meters of gas to countries outside the former Soviet Union for the first five months of this year. This represents a decline of 27.6%, but due to the increased prices Gazprom has earned 10x more revenues when compared to the same period last year.

I was reading in news that Gazprom has cut off gas supply to Netherlands and Germany. Moreover supply to shell will also be suspended as shell is refusing to pay in Russian national currecny. This conflict is now more about who will buy Russian oil and gas, little attention is paid to end this conflict.
From my point of view, the more interesting news for today, although little noticed, is the restriction on the export of inert gases (argon, neon, etc.) from Russia. They seem to be used in the production of microelectronics or something. This is a non-obvious and rather strong lever of Russia's influence on the world economy.

About inert gases. An alternative could be supplies from Ukraine Smiley Only one of the companies producing such gases can put on the market: Neon - 70,000 m3, Xenon - 480 m3, Krypton - 6000 m3, Argon - 12,000 tons . I will clarify - Ukraine provides about half of the world's demand for neon Smiley
For other gases, Russia supplies no more than 30% to the market. I do not think that this will cause global problems. Temporary - I agree. But Russia will always lose this market as well. Understand that imposing restrictions from the normal world in relation to terrorists is just a search for replacement. And the restrictions on the part of terrorists on the sale of their resources, which were in demand by the world, is a loss of the market. Like it or not, it's a fact Smiley
Let's see what the reaction of the market will be to the loss of two-thirds of the total volume of neon at once.

More interesting news:
FT: UK to ban insurance for ships carrying Russian oil
The UK and the EU have agreed to a ban on insuring ships carrying Russian oil. It is reported by the Financial Times. Thus, Russia will be deprived of access to the vital insurance market of Lloyd's of London.

This means that Moscow's ability to export crude oil will be severely limited, and Russian suppliers will have to look for an alternative to British insurance in other, smaller markets. The ban on insurance of oil ships has become part of the sixth package of EU sanctions, writes the Financial Times. As the newspaper notes, such a decision will also increase pressure on global oil markets.

Do you know what that means? Smiley
I think this means that Europe is trying to fence itself off from Russia with an iron curtain, although this directly threatens its own energy security. The lease of a tanker for the transportation of liquefied gas has already increased by a third from 80 to 120 thousand dollars per day with a contract for a year.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
Oil tankers can cause major environmental damages if there's an oil spill. There's only a handful of companies willing to insure oil shipments, and they're British or Swiss. There's always a black market, the islamic state was known to smuggle oil in Syria, but if you want to sell a lot of oil at market price, you've got to do it right, with a registered and properly insured tanker. Serious buyers will require that.

Oil spills are very rare and the risk is similar with pipeline oil exports as well. And by now, regimes such as Iran, Venezuela and Russia, who don't have good relations with the West, have learnt how to circumvent the sanctions. Iran for example is relying on stealth shipments and ship-to-ship transfer to avoid detection. A few weeks ago, there was a high level meeting between Iranian and Russian officials on this topic. As long as the prices remain in the $110-120 range and demand is high, Russia is not going to face much issue in exporting it's oil.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
More interesting news:
FT: UK to ban insurance for ships carrying Russian oil
The UK and the EU have agreed to a ban on insuring ships carrying Russian oil. It is reported by the Financial Times. Thus, Russia will be deprived of access to the vital insurance market of Lloyd's of London.

This means that Moscow's ability to export crude oil will be severely limited, and Russian suppliers will have to look for an alternative to British insurance in other, smaller markets. The ban on insurance of oil ships has become part of the sixth package of EU sanctions, writes the Financial Times. As the newspaper notes, such a decision will also increase pressure on global oil markets.

Do you know what that means? Smiley

Oil tankers can cause major environmental damages if there's an oil spill. There's only a handful of companies willing to insure oil shipments, and they're British or Swiss. There's always a black market, the islamic state was known to smuggle oil in Syria, but if you want to sell a lot of oil at market price, you've got to do it right, with a registered and properly insured tanker. Serious buyers will require that.
legendary
Activity: 3752
Merit: 1864
^^^^ Gazprom has cut supplies only to Orsted (Danmark). They haven't cut any of their supplies to Germany or Netherlands. And in any case the exports to Danmark was minimal, as it is a very small country. Shell's contract to supply Russian gas to Germany stands cancelled, but it represents a small share of overall exports to that country. And as per the latest figures from Gazprom, they exported 61 billion cubic meters of gas to countries outside the former Soviet Union for the first five months of this year. This represents a decline of 27.6%, but due to the increased prices Gazprom has earned 10x more revenues when compared to the same period last year.

I was reading in news that Gazprom has cut off gas supply to Netherlands and Germany. Moreover supply to shell will also be suspended as shell is refusing to pay in Russian national currecny. This conflict is now more about who will buy Russian oil and gas, little attention is paid to end this conflict.
From my point of view, the more interesting news for today, although little noticed, is the restriction on the export of inert gases (argon, neon, etc.) from Russia. They seem to be used in the production of microelectronics or something. This is a non-obvious and rather strong lever of Russia's influence on the world economy.

About inert gases. An alternative could be supplies from Ukraine Smiley Only one of the companies producing such gases can put on the market: Neon - 70,000 m3, Xenon - 480 m3, Krypton - 6000 m3, Argon - 12,000 tons . I will clarify - Ukraine provides about half of the world's demand for neon Smiley
For other gases, Russia supplies no more than 30% to the market. I do not think that this will cause global problems. Temporary - I agree. But Russia will always lose this market as well. Understand that imposing restrictions from the normal world in relation to terrorists is just a search for replacement. And the restrictions on the part of terrorists on the sale of their resources, which were in demand by the world, is a loss of the market. Like it or not, it's a fact Smiley

More interesting news:
FT: UK to ban insurance for ships carrying Russian oil
The UK and the EU have agreed to a ban on insuring ships carrying Russian oil. It is reported by the Financial Times. Thus, Russia will be deprived of access to the vital insurance market of Lloyd's of London.

This means that Moscow's ability to export crude oil will be severely limited, and Russian suppliers will have to look for an alternative to British insurance in other, smaller markets. The ban on insurance of oil ships has become part of the sixth package of EU sanctions, writes the Financial Times. As the newspaper notes, such a decision will also increase pressure on global oil markets.

Do you know what that means? Smiley
hero member
Activity: 1680
Merit: 505
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.


Saying usa and EU are peace promoter in the world is biggest lie joke. The point where world stands today is because of usa and EU wars which they started just for there own gains. USA and EU are doing dirty tactics once again by supping arms to ukarine and imposing sanctions on Russia while they live happily in there own countries.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
As far as I understand, Russia controls 30% of the supply of neon and another 40% was controlled by Ukraine, and the remaining 30% is controlled by China. Now Ukraine does not control anything and the price of neon has increased nine times. In principle, it is possible to replace the dropped supplies, neon is a by-product of steel production, but this is not instantaneous, energy-intensive and not environmentally friendly.

OK.. that means that the manufacturers are now at the mercy of China. Either they will pay 20x or 30x more, or they will shut down the factories. Already there is an acute shortage of microchips in the market and automakers are in a very tricky position. Any further reductions or delays will be catastrophic to the industry. Back in 2021, the automotive industry lost around $210 billion as a result of microchip shortage. And for this year, the losses may be even more. These numbers are absolutely startling. The Western nations started a trade war to satisfy their own ego. Now they will suffer as a result of it.
full member
Activity: 616
Merit: 161

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.

There is no denying that the sanctions will have an effect. Not the immediate one that would stop the war (as most people wanted), but something that would be felt sometime after but would be more long-lasting. However, that does not come without cost to the ones perpetrating those sanctions, and that shows the true cracks of global capitalism and how dependency comes at high risk whenever things like this happen. So we are all gonna feel this one sooner or later.
copper member
Activity: 2226
Merit: 915
White Russian
That a country exports more than it imports could suggest a lot of things. Yes, it could be seen as a good arrangement. But it could also be seen as bad.

In Russia's case, the economy is largely dependent on crude oil, petroleum, gas, and coal that it exports to other countries. In this arrangement, partners are everything. The moment these partner countries say, we're not accepting your products anymore, is also the moment the economy suffers.
Freezing accounts and economic sanctions by the US and the EU against Russia are hostile actions, friends and partners do not act like that.

And the way Russia is behaving right now, it is losing a lot of country friends, most of which are trade partners. China could increase its demand and it has already done so in the face of sanctions imposed on Russia, but is it enough to make up for the entire EU's demand?
China and India will buy all free energy resources from Russia, and Europe will freeze next winter and be left without industry. Grin
legendary
Activity: 2576
Merit: 1860
That a country exports more than it imports could suggest a lot of things. Yes, it could be seen as a good arrangement. But it could also be seen as bad.

In Russia's case, the economy is largely dependent on crude oil, petroleum, gas, and coal that it exports to other countries. In this arrangement, partners are everything. The moment these partner countries say, we're not accepting your products anymore, is also the moment the economy suffers.

And the way Russia is behaving right now, it is losing a lot of country friends, most of which are trade partners. China could increase its demand and it has already done so in the face of sanctions imposed on Russia, but is it enough to make up for the entire EU's demand?
sr. member
Activity: 2296
Merit: 348
I have already written about how Russia is in a much better position because it was preparing for war and sanctions even before it started tearing Ukraine apart by attacking Crimea and supporting uprisings in Ukrainian regions along its western borders. It's like playing poker games where you know all the cards of your opponents and you can only lose money if you're a complete fool.

Even if sanctions work, no government in Russia, if we look through history, cared too much for the common man and he has always been a collateral victim for some major goals. In other words, Russia has enough cannon fodder to be able to fight for a very long time, whether 50 000 or 500 000 Russian soldiers die for Moscow doesn't matter anyway - most of the soldiers are from poor and rural parts of Russia anyway.
The greatest example of this could be the war against Nazi Germany in where about 10 million Russians died, and 5 million Nazis died, and yet Nazis lost. Imagine losing 2x more people and still "winning" the war. That should be good enough of a reason for anyone to see what is the situation is like for Russia. They could have attacked, the dollar could be 300 ruble per dollar, the people would be starving, and yet Russia would have still go on.

This doesn't show how "powerful" they are, it just provides a proof that Putin is a bad person, and historically they have been ruled by bad people who did not cared about their people (even though it worked out for the better in ww2).
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