Russia's economy in 4 charts: How war, sanctions, and shifting oil flows have reshaped a world power
TLDR:
European trade with Russia down.
Russian sea trade up.
Russian trade with China and Asia up.
Russian household consumption, real estate, other business down
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By now, there is ample evidence that the sanctions are in fact hurting the Russian war effort and economy.
“The annual inflation rate in Russia fell sharply to 3.5 percent in March of 2023, …..”
https://tradingeconomics.com/russia/inflation-cpi
The West is mired in unpayable debt, historic inflation, a declining USD, historic “ low productivity “ rates, while the Russian Ruble is steadily gaining value, and continues to fill its pockets with hard $$$, Russia huge commodity base has what the West needs.
Fact is Vlad’s sanctions worked, while senile Joe’s boomeranged and failed.Vlad outsmarted the senile war cheerleader once again, get used to it.