Is Russia Winning The Economic War?

[blue-wave]

Vladimir Putin announced in a speech last month that Russia had weathered the worst of the Economic sanctions imposed by Western nations. He said that “gloomy predictions about the Russian economy’s future didn’t come true” and that the sanctions had hit foreign economies much harder than they had hit Russia. He added that “The weaponry of sanctions is a double-edged sword… and European countries had dealt a serious blow to their own economies all on their own.” So are the sanctions on Russia working? Or Is Russia winning the Economic War?

A good dive into the Russian economy since the second invasion of Ukraine. 25 minutes long, but if you can find the time, it gives you a deeper understanding and cuts through the BS the Kremlin throws at us. BTW, as he states in the video, Russia has stopped publishing much economic data.

[OnDoutside]

1. This winter will tell a lot. The Russians military are in for an awful

or even more terrible time in Ukraine, while the chief russian target, the EU, is going to suffer badly from the price of gas.

[Warpy]

2. Sure, if you're a Russian plutocrat

who can afford to buy things shipped through Uzbekistan, and the Uzbeks are charging them plenty for the service.

"Sanctioned Ivan" is an enthusiastic car guy who's been pricing cars and occasionally service and that seems to be one place they're really hurting. "Inside Russia" cautions people to read between the lines as he describes what's going on there. Niki Proshin is a young guy who visits stores and malls. All of them say basically the same thing, that consumer goods from phones to cars are making it into Russia but you'd better be rich if you want any of them. Food is plentiful but the cost has inflated slightly.

State TV features blondes gesturing expansively toward full shelves in stores while talking a mile a minute, but looking beyond them, one notices that people are carrying no parcels and don't seem to be buying much besides food.

The guy in the OP seems to be focused on the Big Picture (TM). No, the economy didn't just collapse, nobody who realized how long it was going to take to wean Europe off their oil and gas thought it would. However, it is looking increasingly shaky, especially if you're not looking at the Big Picture (TM) and are watching large numbers of people restrict their spending to food and that's about it.

Fun factoid: the average household wealth in Russia is less than the average household wealth in India. That means most of their population has no cushion against inflation, and that is the sort of thing that will kill their economy, not the way the ruble is trading in the interational currency markets.

[erronis]

3. It looks like interesting content - I skipped around a bit. Would be nice to have a link to some

background information on the presenter. It looks like "Patrick Boyle" (https://en.wikipedia.org/wiki/Patrick_Boyle_(financier)) but I didn't see anything on that page that gave better information about this type of presentation.

(Bit of a droning voice...)

[mitch96]

4. If your interested in another view from a Defense economist, Perun is very good..

He jumps into the numbers and has access to all the economic information and gets it out of the weeds for us. His presentations are basically a powerpoint type of thing.

Tell 'em what you're gonna tell'm. Tell'm. Then tell'm what you told 'em..

And he is very funny at times and a few "expletives" thrown in for good measure..
m