Despite sanctions by Western countries against Russia due to the Ukraine war, the country has become a high-income economy from an upper-middle income economy. In its latest rankings, the World Bank has promoted the Russian economy to the top income category.
They have been dumping money into war production; works amazing for a few years. However, all that money and labor isn’t getting invested into the future of the country, it is getting invested into equipment and people to be blown up in Ukraine.
LoL, the cheerleaders of totalitarianism are out again.
Yeah, also paying poor schmucks from the boonies to come and fight. Minimum wage in Russia translates to a bit over 200 dollars, war pay for contractniki is around 2000 dollars. This is also great for the economy in numbers. It will show an uptick, untill you cannot pay anymore. And down the line, the numbers of able bodied men contributing to the economy will also be lower… But that is a problem for future Russia, while the war is a problem for current Putin.
That’s not the bullshit package Americans were sold. Our government swore US sanctions were gonna decimate their economy and bring Russia to its knees.
Nothing we can do about idiots that believe everything they’re told. I doubt their government actually stated that these economic sanctions would bring Russia to its knees, that was probably sensationalist media reporting that the gullible in the general populace ate up without using a brain cell to consider the matter.
The sanctions are mostly doing their job, Russia’s economy is being kept at this level thanks to decisions that help in the short term but will have disastrous consequences long term.
Anything can happen of course, but as things stand unless they’re bailed out in a big way in the long term by becoming an economic vassal of say, China, they’ve got big problems on the horizon. Thanks in great part to the sanctions of the USA and of course ourselves in Europe.
I doubt their government actually stated that these economic sanctions would bring Russia to its knees
Just let’s wait a bit. Those folks bringing the money “home” will not last long in their cope cages.
What’s your expertise/education on the subject?
That’s great for Russia. This means the sanctions can be expanded and kept indefinitely without any ill effect on the Russian population, which was the sole argument against sanctions.
See? The sanctions are not working! 😎💪
(also, please stop the sanctions 🥺🙏)
No one has said anything about stopping sanctions, they just don’t work.
Hmm… why is an Indian newspaper running a story like this?
https://www.dw.com/en/modi-to-meet-putin-what-to-know-about-india-russia-ties/a-69572767
Oh.
The latter two are clearly better sources, which makes me wonder why you didn’t use them.
Hmm… maybe it was because this was in the NPR one?
Russia is paid by receiving revenues from China, India, Turkey and other buyers of Russian oil products and a big part is so-called non-oil-and-gas income which economy produce itself.
Maybe also this part?
So that’s why we’re talking that Russian economy is now operating on its maximum capacity. And I don’t see any signs how it can grow faster. And when we are looking at this bright figures, about 3% of GDP growth or this super low unemployment rate, we need always keep in mind what there is behind. And behind is Vladimir Putin impossible trilemma for 2024, because he will need to fund the ongoing war against Ukraine, maintain the facade of business as usual for population and safeguarding the macroeconomic stability, which is quite complicated because Russia abandoned lots of institutions like budgetary rule or predictable tax system. So the situation looks solid, but it’s very fragile.
Is it that you didn’t think I’d read them or is it because you didn’t read them yourself?
Moving the goal posts from it’s a lie, to maybe it’s right, but…
Please quote my saying it was a lie. It should be easy for you to find.
https://lemmy.world/comment/11020125
Either implies you believe it’s a lie or ulterior motive behind publishing such a story to cast doubt on its authenticity.
Ah, so I didn’t say it’s a lie, you just think that’s what I implied. Of course, you could have asked me what I meant rather than just assumed you knew.
Too late now.
Based on previous interactions and comments you largely believe the officially sanctioned DNC version of events.
Lol tankie spotted 💥
Liberals love their slurs. You are welcome to refute the evidence, if you can find any
Let’s see what the wokie globalist Lemmy echo chamber say about this…
It’s leftie to not like a country aggressively invading another one unprovoked?
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My dude, nobody denies that a
wartimespecial military operation economy is good in the short term.The problem is, you’re spending money on things you’re going to blow up instead of spending on things that will generate a positive ROI.
Uh oh, are the tofu eating wokerati in the room with us right now?!
Their secret global government is going to increase levels of LGBTQ in the water by 7% over the next five years, something must be done!
Wartime spending is temporary and will lead to massive layoffs and a recession when Putin’s failed attempt to start WWIII finally ends.
It isn’t like the US post WWII where there is a world waiting to buy the excess US manufacturing output to rebuild. Our decline in manufacturing is a combination of less need and the eventual shipping overseas as rebuilt nations started to crank up their lwn industries and US companies decided they would make more short term profits by outsourcing.
Russia on the other hand has made bedfellows with China and North Korea, neither of which is likely to have any interest in Russian manufacturing in the short term, if at all. If China keeps leaning into renewables, Russia’s fossil fuel industry will also collapse.
Putin doesn’t have only his ego to worry about when it comes to admitting defeat in Ukraine.
It looks more like Biden’s failed attempt to start WWIII
Oh, did Biden force Putin to invade Ukraine?
No but he like many others were able to project what would happen if the US pushed for NATO membership, and here we are. They, including Biden, knew what buttons to push to provoke war. Now after dangling NATO membership to Ukraine they are told they are too corrupt.
The US used Ukraine for what they needed and are now tossing them aside like they do everything else. Then once again the world will start reporting Ukraine as being corrupt and full of Nazis like they did pre invasion.
Biden did not force Putin to invade Ukraine. No one forced him to do it. In fact, Russia explicitly pledged not to do so in exchange for Ukraine’s nuclear weapons.
“They wanted Ukraine to join NATO” is not an excuse to break that pledge, nor is it an excuse to invade Ukraine and annex part of it.
Russia explicitly pledged not to do so in exchange for Ukraine’s nuclear weapons.
The Trilateral Process says that’s not true. Ukraine had given up it’s weapons in 1994 to Russia for destruction. Clinton helped disarm them. They were Russian weapons to begin with which was why they were transferred to Russia
Once again, you either didn’t read your link or you didn’t think I would:
Those documents provided that Ukraine would transfer all strategic warheads on its territory to Russia for elimination and, in return, would receive security assurances, compensation for the commercial value of the HEU, and Nunn-Lugar assistance to help with the disposal of ICBMs, ICBM silos, bombers and other infrastructure on Ukrainian territory. Perhaps as importantly but less tangibly, the Trilateral Statement removed what would have been a major impediment to Ukraine’s development of normal relations with the United States and the West.
What ‘security assurances’ do you think they were talking about?
Funny how the alt left and the alt right seem to have found common ground in their idolization of dictators. They only differ in opinion on who should be put up against the wall.
globalist
Just say Jew when you mean Jew.
