Posted on 03/18/2023 3:57:13 AM PDT by canuck_conservative
What’s known is that $250 billion in capital has left, equivalent to 14 percent of its GDP. One expert guesstimates that Russia’s economy has shrunk from the size of Italy’s to Chile’s in the past year — you wouldn’t know this based on bogus figures fed to the media by Moscow. Economist Janis Kluge of the German Institute for International and Security Affairs (SWP) calculates that Western sanctions alone have also “basically shrunk Russia’s economy by 10 percent”, bigger than what happened in the 2009 financial crisis.
What is also known is that immediately after the invasion of Ukraine, an estimated 3.8 million Russians left, according to official figures published mid-year by Russia’s Federal Security Service (FSB). In early 2022, there were three waves of departures, including middle class families, political opponents, draft dodgers, millionaires, and IT or other skilled workers... But even if most of these came back, the country suffered another exodus in the fall of an estimated one million after Putin’s announced military conscription. That scale of both mass migrations has also blown a hole in its economy.
.... In 2022, Russia’s military cost US$300 million a day and Moscow raked in US$800 million a day from energy exports. Since the caps began, revenues have fallen to US$200 million a day and head lower....
(Excerpt) Read more at kyivpost.com ...
” NATO countries are depleting their armaments”
NATO countries are depleting a few of their armaments. And not those most relevant to how they intend to fight a “real” war. Or for that matter how they intend to fight China. This is a critical point.
” lack the industrial capacity to quickly replenish their weaponry.”
They certainly do have the industrial capacity to replenish, or expand, their weapons production. The issue is that this capacity is not oriented to weapons production. They are not on a war footing, because they don’t have to be.
👍👍👍👍👍👍👍👍
The country benefiting most from this war is China.
This is a historic victory for LGBT—their first on the way to global domination!
Good. can we stop borrowing more money to send to Ukraine immediately? National debt already double of GDP
You are, of course, being silly.
Whats going to happen, IMHO, is that the Russians will tell Ukraine that they are willing to retreat from certain territories in exchange for a cease fire. Very much as they (secretly) negotiated with Ukraine to let them pull out of Kherson and the west bank of the Dneiper without Ukrainian bombardment or exploitation of the evacuation.
No doubt you will be perplexed as the war continues on today, next week, next month, and next year.
I haven’t heard of any bank runs in Russia.
No way! The French Canadians are already marshaling.
Russia is a police-state dictatorship, so obviously they’re not gonna broadcast any negative news
plus if you try to take all your money out, you probably get shot
that’s the way dictatorships work ... keep people living in fear
Strange how we now are living in an upside-down world. Who is calling the kettle black? We smugly report the collapse of the Russian economy as a ‘lookie over there’ moment when here our banks are collapsing around us.
Sigh...
You’re very welcome! Thanks for following through.
Note the source.
If Russia is collapsing why are we pouring Billions of dollars into Ukrainian pension funds?
A brief survey of some of her 'hits';
To beat this coronavirus, we must sacrifice our freedoms.
Trumpism is a threat to the world — and the world better get used to it.
Private car ownership is a global problem being addressed by everyone — but Canada.
So your mileage may vary.
It’s people like Diane Francis who would make America into a country not worth fighting for.
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