70% of consumer goods in the US are Chinese. Do you think Russia can’t buy from the Chinese as well? It is largely a loss for the West. Some Euro automakers used to make 40% of their profits in Russia. McDonalds and Pepsi more than 10%.
As for a “technical default” how is inability to pay creditors is a factor in the production? They just keep the money to spend on operations and the creditors get none.
With a collapsing banking system and default on debt, it does not matter about buying imported goods. As industries produce less they need fewer employees, which means more people are out of work and not buying anything from anywhere.
Hence the falling statistics. Even the Russian government you love so much, has said the way of life for the past 20 years is over and not going to go back for another 40 years.
MikeyD in Russia: the people who took the chain over now serve rotten meat.
Your comment about central bank in default: That’s not how it works with central bank defaults - take econ 101-102.