Topic: Russia's economy is 'imploding' on export decline, economists claim - page 8. (Read 3923 times)

I can't talk about other points, but this one doesn't sound very accurate.

For the month of June, the top crude oil supplier to India was Russia. We got 1.18 million barrels per day from Russia, 1.13 million from Iraq and 0.784 million from Saudi Arabia. For the month of July final data is not yet available, but I don't think that supplies from Saudi has overtaken those from Russia. Because in addition to the Urals crude from the European part of Russia, Indian refineries are importing ESPO crude from the Asian part as well.

But there is proof that the discount on Russian crude is evaporating. Previously Indian refiners were reporting discounts of up to $30 per barrel. Recently, they are reporting $8 to $12. Also, as per the Russian sources, export duty on Russian crude increased to $55.20 a ton in July, compared to $44.80 a ton in June. This means that Russians are able to sell their crude at lesser discounts.

OK. Deal. So we come to a simple, and most importantly, from the point of view of the wave effect, an absolutely correct conclusion - Russia is to blame for everything! It's a ripple effect! And whoever does not see the connection - he simply lacks development, knowledge, and the length of the line! Can you prove otherwise?
And if you don't like it, then Russia is also to blame!

Instead of disputes, simple, real facts that you can check! This is not propaganda wet fantasies. This happened over the past 1-2 weeks

- At the plant, which asked for help from Putin and produced Lada Vesta, 90% of workers are fired
If now the Lada Izhevsk enterprise employs 2,000 people, by the end of August only about 200 will remain.

- At the same time, the new Lada Vesta 2022 turned out to be more expensive than the cooler Toyota Camry and RAV4

- The Central Bank expects the collapse of the Russian economy in the second half of the year in a mode of catastrophic destruction.
The Central Bank suggests that the Russian economy in the second quarter may fall by almost 4.5-5%.

-FROM. Arabia in July increased oil exports by 15%.
She bypassed the Russian Federation in terms of supplies to China and India. And at the same time increased supplies to the EU.

- American shale turns the taps. Major US oil companies agree to drastically increase production
The Biden administration made a deal with the oilmen: they promised to increase production by 0.8-1 million barrels per day by the end of the year.

- Russia's share in world medical research has fallen below 1%

- As follows from the analytical material of Rosstat, in the first half of 2022, Russia reduced natural gas production by 6.6% compared to the same period in 2021. In June, Russia produced 39.26 billion cubic meters. m of gas, which is 23.2% less than in June last year, and 19.9% ​​less than in May 2022.
At the same time, Russian gas supplies to other countries fell by 33.1% over six and a half months, to 71.9 billion cubic meters.

And these sanctions have not yet reached their "full speed", this is still the inertia of the Russian economy

That means nothing because:

1. Everything is ultra expensive in US. That means manufacturing the simplest thing in US costs a lot more compared to manufacturing the same exact thing elsewhere. For example a single missile in Patriot system that can't shoot shit costs over $3 million! Same with salaries. A quick google search says a US soldier is paid starting from $2944 (that is $500 in Russia).
Same with literary everything else. A kilo of potato costs $1.05 in US but it is $0.4 here. LOL

2. A large part of that budget is wasted on adventures. For example when they fly one of their oldest and most useless planes like B-52 for media coverage it costs a ton of money (roughly $70k per hour). This is money wasted.

3. A large part of that budget is wasted on stupid projects. As Secretary of Defense Esper said, they'd wasted billions of dollars on projects such as the Crusader Mobile Artillery System and Future Combat System, etc. all silly projects created by those who scammed the US military out of billions of dollars.

4. What they build using that money is also proven to be useless. I already mentioned their defense systems like Patriot that are completely useless. Their aircraft is also far behind the technology and are useless against modern air defense systems. Same with their radars, navy, etc.

I'm curiously watching to see how US is going to deal with the fact that more than 60% of the world is starting a new economic bloc that is not only not going to use USD but also is going to use a new currency among them.
In other words US is going to export its inflation to Europe mainly not the world.

They don't sell weapons to Ukraine but since the war broke out, Europe, the Middle East, and other countries have increased defense spending and American arms companies have pocketed billions of dollars in arms sales to these countries.

Russia is considered a major rival of the US, if Russia gets bogged down in war, it will benefit the US. Russia will hold regular presidential elections in 2024 and this is a great opportunity to discredit Putin.

The last thing you mentioned: Europe will weaken and they will become more and more dependent on the US for food, energy, weapons.
Inflation is causing a crisis for the American people but has pushed the USD to a new position, affirming the dominant position of the USD. The US dollar appreciates in favor of the US in lending and debt repayment. This is considered a tool to export US inflation to the world.

Considering USA has a bigger military budget than 25 next nations combined, Russia doesn't have a thing they can do about it. Sure USA wouldn't give "all" to Ukraine, there is no way, but they could keep on spending that kind of money and weapons and other stuff to help Ukraine until Russia is broke.

Definitely, it looks like Russia can do this much longer and they are doing financially fine "now", but the moment they realize they do not have too many more soldiers left to send, and too many weapons to attack with, I agree that those asset numbers will force them to stop and USA could prolong this as long as they want. They have the assets for it, and they are not the ones dying.

...There is a cause and effect and there is a ripple effect - There is one thing which happens in one part of the world and it affects the other part of the world.
i was not in the favour - of EU putting bans on Russia to teach them lesson now Russia has taught everyone a great lesson. They wont mess with Russia again

You are lying shamelessly again
I am not surprised, but others may even believe without checking your sparkling humor. We open the encyclopedic dictionary and read:
"The Republic of Texas declared its independence on March 2, 1836, and in the same year wished to join the United States"!
You are just shamelessly, INTENTIONALLY lying, and I'm sure you don't even blush
But okay, these are your problems, and we will return to the story! What happened next? And here is what "... On March 1, 1845, President Tyler signed the bill of accession, and on March 3, he sent it to Texas. Texas recognized the accession, and on December 29, 1845, the Polk officially admitted Texas to the Union as the 28th state. Formal accession of Texas to the Union occurred on February 19, 1846."
This is what reality looks like, and not what you are trying to put through here under the guise of history

And the annexation, this is what Russia did, capturing the Autonomous Republic of Crimea by FORCE (which, by the way, is also terrorism) and holding a fake referendum there. But this will be fixed soon And Texas, since then, has been happy to be part of the USA! At the same time, its GDP significantly exceeds the miserable 1.3% of Russian "greatness"

So that this information is not like classic Russian news fakes, when the words are not confirmed by anything, I will give statistics that you and any other person can easily check:

Even though Russia has nearly 5 times the population of Texas, the economy of the Lone Star State is 400 billion larger. The gross domestic product (GDP) per capita in Texas is $58,000, while in Russia it is $8,700.

Threat, you don’t just have to try to slip the GDP (according to PPP), it’s as informative as the average temperature in the hospital

This is a very convenient position, like, for example, "the United States is to blame for everything, therefore", or "Ukraine is under the influence of the United States, therefore ..." (hereinafter any delirium delirium ). Why is it convenient? Well, because it's easier to live this way, you don't have to think that you or your country is doing it wrong. You can not suffer and not start to change, it is enough to repeat "the United States / world government / masons / Jews / Ukrainians / ..." are to blame for everything, right? This is an absolutely well-known psychiatric defensive move, when it is unpleasant for you to realize reality or the truth, such "conclusions" come to "help". And propaganda on them just grows like mold on a rotten vegetable - powerfully and quickly
In a word - you don’t need fantasies, you need to be a realist, although I agree, sometimes it’s not very pleasant

This was is an exception because the benefit of US in this war is not monetary as we know they haven't been "selling" weapons to Ukraine but "donating" it with a huge billion dollar budget dedicated. Also this conflict is causing high inflation in United States which is damaging their economy. There is also a secondary damage as US dollar is being dumped as reserve currency slowly but surely.

The benefit is mostly geopolitical for US as every day Russia is stuck in Ukraine it is increasing the cost for Russia. Every asset they lose, their military becomes 1 asset weaker. This is why US is all for prolonging the conflict.
It also weakens Europe and increases their dependence on US while keeping the dumping petrodollar alive.

Some exciting news coming in from India. Russia has become the top supplier of crude oil to India, replacing Iraq. Saudi Arabia has been pushed to the third position. And rather than purchasing directly from Russia, most of the crude oil is sourced though intermediaries who are based in the European Union (such as Montfort and Wellbred). For the month of June, Russian imports amounted to 1.184 million barrels per day (IOC alone imported around 450,000 barrels per day from Russia). As per Business Standard, Indian refineries are purchasing Urals crude from Montfort at a discount of $8 per barrel when compared to Brent crude market price.

There are no doubt that the United States is the largest arms exporter in the world and the majority of their revenue is derived from the sale of arms, which contributes to the growth of their economy. If there is no war, who do they sell weapons to, so I also agree with you that America is the mastermind of most of the wars in the world. No one benefits more than them, one way or another they are always manipulating all that chaos, unfortunately Ukraine has become the target this time.

So much we have discussed on this war. And i remember people shouting for bans on Russia but I was of the opinion that Russia is not a weak country and since they are one of the biggest oil producing country - it would not be an easy game to get stable after cutting ties with Russia.

Dude, you seem to know very little about Texas history if you're using it here as an example. The US annexed Texas from Mexico in 1845.

The "anti-Russian" propaganda means that, if people move from Mexico to Texas, and there are a ton of people in 2 towns of Texas that came from Mexico, then it means Mexico could occupy those two towns of Texas and take that land? People from Mexico will applaud because they are Mexicans and America would have to give up land because Americans do not live there? That is not an explanation.

Definitely Ukraine had a lot of places with mainly Russian lovers live there, but if they want to they could leave, but not ask for that land to be given up. Do not assume that Russia attacking and killing people would EVER have any logical sense to anyone outside of Russia lovers and Putin devotees, we will never fall for that.

Americans never care about anyone else. For them, this is an ideal opportunity to capture the LNG market share in Europe and Japan/South Korea. Both the shale oil/gas and shipping companies that are based in the US are profiting from this war. And the biggest losers are countries that were previously dependent on Russian oil and gas. If they want, the Americans can easily bring down the oil/gas prices. All they need to do is to remove the restrictions imposed on domestic producers when Biden came to power. But they will never do that, because they want prices to remain at this level.

..And USA added fuel to the fire.
they made the Russian war a global crisis and now they have gone to Saudi for the help and oil purchase. What a joke they have made of the whole world

In any armed conflict, civilians inevitably suffer, either directly (murder, rape) or indirectly (forced evacuation from the war zone). So far, I see that Russian soldiers in the Donbass are mostly met by local residents not as occupiers, but as liberators. If you have other information, then first make sure that you are not a victim of anti-Russian propaganda.

Ok, so you say that the United States is to blame for the rape and murder of civilians by Russian soldiers and for which they have permission from their commanders? Has something heavy fallen on your head lately?

It is reckless to lay the blame on Ukraine, since its foreign and domestic policy is not independent and is deeply dependent on the United States. The United States has been the instigator and culprit of virtually every major armed conflict in the world since the post-World War II era. War by proxy and on foreign territory is a modern US corporate identity. And the conflict in Ukraine is no exception, simply because the United States is profitable, the United States is the main beneficiary of this conflict and the main supplier of hatred around the world. Such a story.