Samsung has localized 50% of its Russian market production.
Ruble devaluation is very good for Russia. It baffles me how forex speculators could be handing Russia such a gift.
Their fixation on Russia being some one-commodity banana republic is epic in its inanity and they are so blinded by
their chauvinist retardation that they more than offset the oil price drop with the forex devaluation.
Question for you..
I was reading this report..
That even though it was very negative and doom for Russia future economy..the methodology
used to measure real inflation raise in Russia seemed valid and interesting. Compared the prices of a traditional market store in Russia ,and buying the same products and compare the prices.
ok.. regardless if the article is correct or misleading.. (read the poster comments below)
Correct me if im wrong..
But inflation in Russian food generally speaking only happens because Foreign products raise the prices to compensate for Ruble devaluation? so they are paid about the same price as before when using the Ruble convert to their currency..
So the question is.. all that Russia needs to do to stop for real ,the food inflation is to no longer import food from abroad ? and produce all its food internally? all tomatoes ,Rice,meat ,chicken,eggs and dairy ,to produce all that in Russia? and not import any food from abroad?
In other words if Russia was very strong food producer nation ,and produced everything inside
Russia to cover all its needs.. then inflation will have not happened ,will not be news at all ,regardless if Ruble was 70 or 80 or even 90 to dollar?
and same question for technology ,(although this came take a couple of decades for Russia to be fully self suficient in all tech) . If Russia produced 100% of what it consume ,the essentially
Russia could be immune to inflation no matter the rate value of Ruble vs Dollar?