Four years after Russia's full-scale invasion of Ukraine, the Russian economy is showing clear signs of structural exhaustion. The contours of a genuine economic endgame are coming into view for Russia. This is the finding of a new Kiel Report published by the Kiel Institute for the World Economy and the Stockholm Institute of Transition Economics.
  • Buffalox@lemmy.worldEnglish
    111·
    6 days ago

    It was predicted for more than 2 years, and it’s happening now.
    The Russian economy is collapsing, The Russian wealth fund is empty, and Russia has been selling gold reserves to prop up the economy, oil exports are dwindling, and they have to import refined oil products now at inflated prices.
    The Russian infrastructure is collapsing too, and farmers can’t get the harvest done, because fuel is either not available or too expensive so it will cost more to harvest than to let the crops rot in the field.

    The fact that you are not seeing it, is not because it isn’t happening.
    I have no idea why so many upvote you not knowing what’s going on.

    • Photonic@lemmy.worldEnglish
      24·
      6 days ago

      Our sanctions and the self-sanctioning by companies themselves are draining Russia’s economy and thus draining the Kremlin’s war machine.

      Ursula von der Leyen, 2022

      This sounds like more of the same.

      • Buffalox@lemmy.worldEnglish
        91·
        6 days ago

        WTF? Sanctions have absolutely been part of reaching the point we’re at now.
        Other comments by you have been misguided, but this is way way out there.

        • Photonic@lemmy.worldEnglish
          17·
          6 days ago

          Yeah no shit Sherlock. The point is that many people have claimed it was close for years and this is just more of the same.

          There is nothing “misguided” about my comment. You’re entitled to your opinion and I’m entitled to mine. You don’t hold the truth.

            • Photonic@lemmy.worldEnglish
              1·
              2 days ago

              Early in the war, the broad consensus was that the new sanctions would devastate the Russian economy. By some metrics, though, Russia’s economy has proved resilient to date.

              From the US government

              Following Russia’s full-fledged invasion of Ukraine in February 2022, Western countries imposed unprecedented economic sanctions. Yet there is limited evidence that these measures have inflicted substantial economic pain on Russia, as the recent slowdown has largely reflected factors unrelated to sanctions.

              From the ESCP geopolitics institute

              And you still haven’t answered my question. What facts? Just your shitty misinformed opinion.

      • andz@lemmy.worldEnglish
        21·
        6 days ago

        It’s an enormous country with an abundance of natural resources. It was always going to take a fair amount of time before they got desperate. Now they are, and it’s not going well, hence the endless missile and drone barrage.

        They lost their momentum on the ground a while back, and now they’re reduced to holding what they can and hope they can break the Ukrainian morale with civilian casualties. There’s nothing new there. They’re using the same tactics they used in Chechnya all over again. The only difference is the weaponry used.

          • andz@lemmy.worldEnglish
            41·
            6 days ago

            I live about an hour from the Russian border. I know people on the other side. I can read Russian well enough to follow their news since we’re probably fairly high up on the list of targets if this goes really wrong. Not that that would end well for Russia, but they’re not exactly behaving rationally atm.

            I know what it really looks like inside Russia. Can you claim the same, or do you just like to spread misinformation?

                • Photonic@lemmy.worldEnglish
                  11·
                  5 days ago

                  Maybe look up the phrase someone is using, in this case “you don’t have to tell me” before you start to make accusations.

                  And do you really want me to answer whether I like to spread misinformation?

                  Yeah, no :)

                  • andz@lemmy.worldEnglish
                    11·
                    5 days ago

                    In that case, do you want to disclose where you’re getting your information from?

                    I’m asking because it really does look like you’re simply trying to push your opinions as fact.

                    Do you understand Russian? Can you read it? Do you know anyone inside Russia?

                    Edit; For the record, I’ve lost three good friends in Ukraine so far, and a fourth is missing, so I assume she’s gone as well. Do you have any idea what’s really going on in this war?