100 posts to #1000!
Germany’s Economy Minister, Robert Habeck, was peddling these whoppers to his own government this week:
Western sanctions in response to Moscow’s invasion of Ukraine are still taking a heavy toll on the Russian war machine. . . .The Russian economy is collapsing,” . . . adding that Germany had played its part here by reducing exports to Russia in March by 60%, with an even sharper fall expected in April.
The obvious question for any reporter with the brain power of a cretin would be, “what is the evidence that Russia’s economy is collapsing?” The truth is that all sectors are firing on all cylinders. Just because Germany has decided to commit economic hari kari by declining to purchase cheap Russian oil, does not mean that Russia is bleeding out financially. The Economist reported two weeks ago that Russia is running a record trade surplus
Yes, Russia is importing fewer Mercedes and BMWs via the open market. First, Russia is not dependent on having western luxury items filling western owned stores. Second, the Russian mafia is more than willing to fill the gap and obtain such goods via the black market. Seems like the West never learns.