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Despite US and EU Sanctions, Russia's Economy Is Still Growing
Forbes ^ | 8/12/2014 @ 8:45AM | Mark Adomanis

Posted on 08/13/2014 12:00:18 AM PDT by wetphoenix

For a wide variety of reasons, Russia is a country that tends to draw out extremely heated reactions from Westerners. Very rarely does one encounter analysis that concludes that, despite its many and obvious problems, very little will change and people will continue to muddle through. Russia is eternally on the verge of an epic catastrophe or a great triumph.

The introduction of newly-enhanced US and EU sanctions against Russia, which have now targeted its most important financial institutions and several of its most important energy companies, has compelled some journalists to wonder whether or not its economy is “on the verge of collapse.” Others have started to openly speculate about who would replace Putin in the event that the government collapses or in the event that he is driven from power in a palace coup. These criticisms fold nicely into those delivered by Barack Obama: Russia is a country that doesn’t make anything, that doesn’t support entrepreneurs, and that, quite simply, is place where no one wants to live. Russia, in other words, is doomed.

As someone who has been extremely critical of Russia’s recent policies, I can understand why some of these criticisms are being voiced. It genuinely does seem that, over the past five months, Russia has regressed: it has not only waged a hyper aggressive, Soviet-style, information war against the “Kiev fascists,” it has openly annexed the territory of a neighboring state and subsequently supported separatist forces waging war against its central government. One can both sympathize with Russian interests in Ukraine and criticize the Ukrainian government while also noting that using the military to seize territory is completely and totally unjustifiable.*

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Russia
KEYWORDS:

1 posted on 08/13/2014 12:00:18 AM PDT by wetphoenix
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To: wetphoenix

So? Are you posting this from Russia?


2 posted on 08/13/2014 12:09:36 AM PDT by ansel12 (LEGAL immigrants, 30 million 1980-2012, continues to remake the nation's electorate for democrats)
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To: wetphoenix

Russians are tough people. If they made it through two world wars and 70 years of communism, I don’t suppose they’ll have too much problem surviving this.


3 posted on 08/13/2014 12:14:13 AM PDT by Hugin ("Do yourself a favor--first thing, get a firearm!")
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To: Hugin

Actually they didn’t survive all that, they were murdered and killed by the tens of millions, including the worst mass murderer to come out of the white race, in our current lifetimes no less.


4 posted on 08/13/2014 12:18:50 AM PDT by ansel12 (LEGAL immigrants, 30 million 1980-2012, continues to remake the nation's electorate for democrats)
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To: wetphoenix

Russia still has an economy... America lost its economy due to inept leadership.


5 posted on 08/13/2014 12:43:30 AM PDT by Republican1795.
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To: wetphoenix

Vodka is a cure-all.


6 posted on 08/13/2014 1:39:18 AM PDT by Veggie Todd (The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. TJ)
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To: wetphoenix

Candy is Dandy,
Liquor is Quicker and
Money is Funny.


7 posted on 08/13/2014 2:54:57 AM PDT by bunkerhill7 ("The Second Amendment has no limits n firepower"-NY State Senator Kathleen A. Marchione.")
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To: ansel12

Yep, but why are you asking? Sorry for a late answer, I accidentally overlooked your post, ansel.


8 posted on 08/14/2014 6:44:04 AM PDT by wetphoenix
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