Posted on 10/29/2024 12:29:28 PM PDT by marcusmaximus
Vladimir Putin has admitted that sanctions on Russia and worker shortages have contributed to economic turbulence in the country.
The Russian president made the comments days after Russia's Central Bank raised its key interest rate to a record 21 percent—higher than the emergency 20 percent level introduced in the aftermath of Putin's full-scale invasion of Ukraine when facing Western sanctions and isolation from the global financial system.
-snip-
Russia's economic growth has been fueled by record levels of military spending but a lack of workers exacerbated by troop losses in Ukraine and a brain drain of those avoiding the draft, have fueled inflation which the Central Bank has tried to curb.
(Excerpt) Read more at newsweek.com ...
America votes in 7 days. Your Russia! Spam isn’t helpful.
Who pays Newsweak to publish these things daily?
I’ve already voted, Boris.
Bohoiavlenka Has Fallen🎖 Another Disaster Is Approaching⚔️ Military Summary And Analysis 2024.10.29
Oh, did he forget to check with you before posting?
I did not realize you were the gate keeper of articles around here. I must have missed that memo.
21 percent interest stronk like ruble! Kyiv in 3 days!
My wife is half Ukrainian and even she says Zelenskyy is a money laundering fraud. As Rush loved to say, “Just follow the money trail.”
Hush, Mr Milquetoast
boom!
Any Dim who says they hate Russia! Russia! Russia! is lying if they're against drill baby drill. Russia's economy is joined at the hip to energy way more than even ours is.
Drill baby, drill!
Russia has its own Central Bank, just like the Fed. To date it has printed far less money than QE over 10 years accumulated.
As I have mentioned, my go to source for information about life in Russia and food in Russia is a youtube channel dating back to pre 2022.
Those videos show plenty of food and many military age men walking around.
There is never proof of any information being clean, but you can take measures — like relying on pre 2022 sources rather than anything else, particularly MSM.
And as for oil, it is finite.
Alaska’s arrival on the scene was powerful in the early 1990s. It has been dying for over a decade now. Relentless decline. As for other areas of Alaska having untapped gazillion barrels — the last time such a presumption was tested was NPRA — which had an estimated total that, after exploratory drilling, was decreased 90%.
90%! It wasn’t oil. It was natgas. Natgas doesn’t move food from Iowa to cities.
NorthDakota’s output has not reached preCovid levels. It’s going empty. All fields do that. Inevitable.
“Russia will have more financial problems after Trump lowers energy costs”
Russia has been called a gas station with nukes. Before the most recent invasion (2022), the Russian Government derived a higher proportion of its revenue from oil and gas royalties and taxes, than even Saudi Arabia.
Now that Russia has been on a spree since that invasion started, running budget deficits, hectically printing new rubles, selling off assets and raising taxes; much of the slack has been taken out of their Government finances. They are now much more vulnerable to an oil price shock, than they were in January of 2022.
https://www.rt.com/business/603970-russian-central-bank-interest-rate/
Consumer activity remains high against the backdrop of growth in household incomes and unemployment at an all-time low, it added.
Russia’s GDP grew 3.6% in 2023 compared to the previous year. Earlier this month, the Ministry of Economic Development raised its forecast for GDP growth in Russia in 2024 to 3.9% from an April estimate of 2.8%.
only 262 tons of gold remain.
Straight to the name calling.
Get a new schtick. Your pompous Russian act is tedious.
Excuse me Milquetoast, can you see the irony in your comment?
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