Posted on 07/26/2022 1:37:58 PM PDT by Mariner
- A new study looked into the severe hit being absorbed by Russian GDP amid wartime sanctions from the West.
- Businesses are leaving Russia in droves, and foreign companies that have left previously accounted for 40% of GDP, the authors wrote.
- "There is no path out of economic oblivion for Russia as long as the allied countries remain unified in maintaining and increasing sanctions pressure."
Western sanctions are weighing on the Russian economy as the war in Ukraine enters its fifth month, and the country's sinking GDP makes a full economic recovery difficult to envision, according to a new study by Yale academics including Jeffrey Sonnenfeld.
The exodus of over 1,000 global companies from Russia has severely damaged its economy, the authors argue, and any posturing of strength or resilience by Moscow is not an accurate reflection of what's actually going on. Official data coming out of Russia are not true, they said.
(Excerpt) Read more at yahoo.com ...
LOL
No sane person believes that's going to happen.
Besides, these Yale professors don't know what is happening inside Russia.
The West will cry "uncle" before the winter sets in.
Yeah sure
I suppose we’ll see if this is true.
Now, what was the last Russian-made product you bought and when did you buy it?
No question that this war is hurting Russia in many ways. But Russia is loaded with oil, gas, coal, grain and minerals. Despite the sanctions, it has no trouble selling and is now taking in more revenue than before the war.
I bought a camera in 1970. I don’t drink vodka so that’s probably it.
Lord-a-mercy! We are constantly bombarded by lies from all directions. To think when I was young (in WWII), I believed everything my government and “experts” told me. Now I assume that I will be at least 95% right if I assume everything I hear is a lie.
Good luck keeping the EU unified when ❄️ Winter rolls in 🤣
Business Insider. Enquirer anyone?
The paradox of Russian/Soviet products of this time was that the 1970s camera was probably higher quality than the camera they could make in 1980.
They were using the war trophy equipment of Carl-Zeiss and Jena taken from Germany and as the equipment aged they could not figure out how to repair it.
Yeah those extreme sanctions are really hurting them.
See my post #11.
It was a 35mm single lens reflex with a 1.4 lens. I couldn’t get repair parts.
This had to be a classroom exercise in one of their management classes. No Yalie pinhead is actually going to do the work to find out the facts. Models do just as well, you know, they are the latest thing. Observing and measuring are so 20th century.
And we are NOT in a recession LOL:-)
Early on there was a joke going around based on the observation that Pornhub, Netflix and an array of other woke and depraved companies were pulling out of the Russian market. “At this rate they will be the happiest, most well-adjusted people on earth.” Sounds about right.
Yes, when you count Netflix and Tesla as worth more than entire steel and gas industries.
But in the real world, real industries and real commodities still matter.
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