Topic: Sanctions left and right, Can the Russian economy survive? - page 7. (Read 1064 times)

This is just new.
Russia faces financial meltdown as sanctions slam its economy
https://edition.cnn.com/2022/02/28/business/russia-ruble-banks-sanctions/index.html

So the effects are been seen now and speaking on sustaining would be still in question whether those sanctions would be removed immediately
or would be permanent.

The Russian economy is without a doubt going to receive a huge hit with all the actions that we are seeing being implemented against it, however it will survive, after all the major exports of Russia are natural resources that other countries cannot really afford to not buy, however the internal economy of Russia could receive a strong hit as all the imports are going to become incredibly expensive and the general population will have to learn to live without them, reducing even further the strength of the Russian economy, which like all other economies still had not recovered from the hit of the pandemic.

As of now, they're feeling the sanctions as per the news that I've read about them.

It's hitting them economically but that doesn't mean that they can't bear and recover from it. Let's just see if we're right or wrong from that expectation that we're setting on them although it's not that really a matter of importance.

While the peace talks are rolling or there's no more? But hopefully that it will end this war and if that happens, sanctions will be lifted for them.

I see some on this thread speculate on how long Russia can survive the sanctions. The sanctions in place are not meant to affect the country's situation immediately, rather they would plunge an economy into turmoil during a period. That period would not only be during the period of the sanctions itself but would also after the sanctions are lifted, because, as we know, the damage done would be something that would be felt well after. And seeing how this will go, some of the sanctions would not be lifted even when the war stops. So the issue is not if the Russian people would feel the effects of the sanctions in 6 months or a year, but whether how it would impact the Russian economy in the long run. And it will not be positive, that's for sure.

There is no country or economy which can suffer sanctions unscathed, especially not from the most developed and even the richest countries. if we add to all this the war that is being waged, which requires huge money, reserves of money will run out quickly.
certainly the longer the war lasts, the situation will be more difficult, especially for the ordinary civilian population. the government will have to help them further with basic foodstuffs and living expenses, which will weaken them further.


Most of them earned huge money with the help of corruption and political ties. the whole thing doesn't affect them much, because it will certainly be after the end of this crisis continue with their business and progressive enrichment. 90% of Russian don’t get much benefit from their wealth. (on the contrary, it was supposed to be state money)

To be honest with you, Putin is a loose cannon. He doesn't care what the aftermath of the Russia–Ukraine war will bring provided it makes him achieve egoistic orgasm. He has said it that he would ignite nuclear weapons and damned the consequences if any other country dared attack him in retaliation for his invasion of Ukraine. In one of his interviews he said what would the world be without Russia. You can imagine such a narcissistic behavior of someone in position of the presidency.

Of course, the sanctions will bite harder in days to come. But it will still be the masses who will suffer it. Putin doesn't care. Already interest rate in Russia has gone up to as much as 20% with a week of the war. It will get worse. That I'm sure of.

There are no signs of peace yet. Negotiations between Russia and Ukraine are still looking for a solution. Does not produce a final result, then everything will continue until you really hit the hammer. Carry out a ceasefire first, but the rest of the sanctions will not be that easy if considering the repairs in Ukraine whose infrastructure must be reorganized, maybe as long as the sanctions are still in effect. Is the path of peace easy to take and one of these countries will succumb? that's the problem.

Even when discussions were taking place between the Russian side and the Ukrainian side, the Russian army was still invading Ukraine,
it also seems that the discussion did not produce anything,
hope this war can all end soon because this will also endanger civilians if this war continues for a long time

Of course, Putin and his elite will not feel any lack of living standards. But then the citizens of Russia will feel it, and very soon. I am absolutely sure that Putin did not fully calculate the possible consequences of the imposed sanctions. Now all countries are very friendly and united in their desire to completely isolate Putin's Russia from the outside world. It is unlikely that Putin counted on such unanimity. Yesterday we saw the first consequences of such sanctions with the depreciation of the ruble and all shares of Russian companies. And this is just the beginning. Further consequences will grow like a snowball.

Russian citizens must realize that it is they who are responsible for the current situation with their economy. They, and no one else, must keep their kings within the law and hit them on the head in time, and sometimes in such a way that this head flies off. We see that one senile can put our planet on the brink of extinction of human civilization. From what side can this be justified and calculated?

For every citizen killed in Ukraine, Putin will pay his family only $50. This is how Putin evaluates the life of his Russian soldier. During the five days of a large-scale war in Ukraine, Russia lost 5,710 of its soldiers. It will cost the Putin regime $305,500. Cannon fodder needs to come to its senses and draw the appropriate conclusions.

There is no sign of stopping yet, recently there have been some satellite images shows that a huge 30 miles long army is reaching the Ukraine capital and also the peace related discussion didn't shown any improvement at all so this is going to be in the rough way. If sanctions bothered Russian government then they might go for a stop right? So it isn't.

Yes Russia seems really ready to accept sanctions from around the world,
Regardless, I think humanity is above all else and I hope Putin does take his words back on nuclear weapons,
I hope that Putin decides to pull their soldiers out of Ukraine and we'll see what happens next

Ah, so this isn't the first time that Russia has been sanctioned? but if they survive the first one, they can also survive this one although this new one is a little heavier. You're right though, no one wins in war because both countries are going to get damaged in the end and sanctions will only affect the economy of each country.

Banks and other assets are said to be frozen, this makes me think that cryptos are a better alternative to use because cryptos can also act as banks and it can also act as an asset at the same time but what makes crypto ideal in this situation is that it cannot be frozen by someone else not even with other governments or banks so transactions can still be continued.

I think they already know that sanctions will be imposed to them by other countries especially NATO countries so I guess they already have a solution with it. They might survive for a few more months but if this will last for years then I don't think they will survive.

Well, the war is over already since there is peace talks happening between the 2 countries and Ukraine is applying in the European Union. Now that the war is over, can I ask here if the sanctions are still in effect even though the 2 countries are in peace talks already? I'm curious so.. yeah . Thanks

Based on Russia's capability, I think they can survive with world sanctions, but only for a limited time. Because after all, Russia has the means to be able to push through with the invasion of territory, but it will not be endless because of the imposed sanctions upon them. Perhaps they could and would try to get some form of assistance to their "allies" and partners for the resources that they need for the time being that they are under world sanctions. Although I really do hope that the conflict between Russia and Ukraine will soon come to an end because a lot of people are already affected. I hope Putin will realize how destructive his ways are and consider peace talks to settle everything.

I remember when first sanctions were announced and some goods became illegal in Russia, if not mistaken, it took week or two before these forbidden goods with fresh release date, appeared in Russia. And its price was not astronomical, not even doubled. I dont understand how to properly use the word survive here, but surely economy will adopt. People will adopt and substitute what is under sanctions.

Months, or years will pass, until people under stand that war is war, but business is business. Sad story is, no on will win from this war and sanctions. Everyone needs money, food and goods.

they won't survive for a long time.

soon their economy will be total fucked up

Everything is simple here. Because people change clothes easily.
Yesterday they were virologists who sit on sofas and teach how to treat COVID-19. Today, everyone wears military caps and pretends to be an armchair political scientist and economist.
I wonder how soon and in whom the next retraining will be?

Of course Russia has considered more carefully before moving on. even from his statement did not hesitate to issue nuclear weapons even though this is prohibited, but putin still quibbled on the history of hiroshima where the US used the atomic bomb. So far, the SWIFT sanctions don't seem to have shaken Putin, hopefully there will be a resolution soon

They probably would, but it isn't to say that it would be easy, especially on the lower class. The rich are probably prepared for it, there were some early signs that they could've used to stash their savings safely, plus they have the connections to make it happen. They'd survive alright, but it'd be pretty hard. I hardly doubt Putin wasn't prepared enough to experience this much sanctions when he started this, he probably expected more tbh. He wouldn't start this issue if he wasn't prepared thoroughly for it imo.

I think that before deciding to conflict with Ukraine, Putin and parliament considered the worst possible scenarios for Russia. So no matter how many sanctions, it won't affect Russia too much. Not to mention we have forgotten that China is a friendly ally with Russia, and China is also not very interested in the US and Europe. Maybe they will quietly help Russia fight sanctions from the US. Both beneficial for Russia and beneficial in this business field. China will not ignore that.