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    Russia and economic war by the west #3

    GarryB
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    Post  GarryB Fri Mar 01, 2024 6:46 am

    Huawei don't follow western sanctions and are dealing with Russia because they are largely banned in the west.


    It is UnionPay that Huawei was using for the transactions with Russian companies that are applying the western sanctions... and I suspect that will be because UnionPay probably does a lot of business in the west and if the west decided to put sanctions on them they would lose a lot of business and a lot of money.

    There will be companies around that don't do a lot of business with the west that could be used if they can be found and of course Russia could set up a company specifically for that purpose that has not ties to the west that the west could cut to damage them.

    They will find a way... eventually there will be BRICS based organisations and companies that wont do a lot of trade with the west and wont be effected by western sanctions.

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    Post  sepheronx Fri Mar 01, 2024 8:29 am

    Crypto is making another rise and speculations arise that Russia, China, and others are moving more transactions temporarly with Crypto before an alternative works.

    But indeed, Russia needs to get off its ass and push Mir hard, especially in China for transactions. Mir in China, India and others. Since the west wont be able to see the transactions, they wont know who is buying what.

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    JohninMK
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    Post  JohninMK Fri Mar 01, 2024 11:06 pm

    As there are no NG sanctions and Putin has confirmed that Nordstream 2B is OK, if the EU had the balls to stand up to the US they could use that as well as the pipelines in Ukraine and Turkstream.


    S p r i n t e r
    @Sprinter99800

    The 13th package of anti-Russian sanctions of the European Union did not affect Russian gas, since the leaders of the EU countries could not agree on this issue, said European Commissioner for Energy Kadri Simson

    “ In the European Union, to impose sanctions, you need unanimity. Everyone should support the proposal. This was the reason why there are still no sanctions against Russian gas ,” Simson said.

    Simson recalled that the European Union allegedly intends to abandon Russian gas by 2027.

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    lancelot
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    Post  lancelot Sat Mar 02, 2024 12:01 am

    Not just that. They could also use the Yamal pipeline which goes through Poland.
    https://en.wikipedia.org/wiki/Yamal%E2%80%93Europe_pipeline

    33 bcm/year.

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    GarryB
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    Post  GarryB Sat Mar 02, 2024 3:39 am

    But with the threat of HATO troops in Ukraine why would they want to?
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    Post  GunshipDemocracy Sun Mar 03, 2024 2:28 pm

    Crypto is making another rise and speculations arise that Russia, China, and others are moving more transactions temporarly with Crypto before an alternative works.

    then USA can sanction crypto exchanges letting Russian companies trade... it's not all that simple im afraid. p2p trading on industrial scale?



    But indeed, Russia needs to get off its ass and push Mir hard, especially in China for transactions. Mir in China, India and others. Since the west wont be able to see the transactions, they wont know who is buying what.

    As financial situation of the USA worsent they get desperate - they sanction banks accepting Mir .


    https://www.thebanker.com/US-moves-closer-to-sanctioning-international-banks-over-Russia-links-1708955120




    Is it tragic? not necessarily the question is how resilient will be India and China policies. if they wont bend to sanctions then us got problem, growing problem. We'll see it anyway soon.

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    Post  GarryB Sun Mar 03, 2024 10:57 pm

    The US and the west are being bullies and are essentially saying if you want to be our friends you have to like the people we like and more importantly hate the people we hate.

    Before BRICS that was powerful because the west seemed to have all the money and all the control of all the international systems like economics etc.

    Even the UN is in the US.

    But now the west has become openly petty and openly nasty, and it is becoming clear part of the reason for the war in the Ukraine was to stop Russia selling cheap energy to Europe. The US wanted to sell its energy to Europe but at four times the price they had no chance with a level playing field.

    They were also afraid of Europe forming close economic ties to Russia because as Russia developed and grew why would the Europeans tolerate the Americans telling them what to do with no big boogey man on their borders to scare them and make them spend money on their military forces.

    But now countries are standing up to the colonial west and the main reason for this is their treatment in the past by the colonial western powers... there are no disney movies or Richard Attenborough documentaries on that sort of thing.

    The inhumanity and brutality needed to keep the darkies down is largely ignored in the west... we gave them the internet and they should be grateful... despite countries in Africa that supply the Uranium to power Frances nuclear power stations and other power stations around the place don't even have an electrical grid to supply power to 1/4 of its people.

    China and Russia are offering fair deals and the west is scared... the very idea that a country that is rich and powerful might pay a reasonable market value for what they buy from the rest of the world scares them. Ethical coffee is a good example. What was that even needed? Why are there no ethical other items and products that rely on children in poor countries to assemble for the rich west?

    The west is evil because the people don't care. There are no real checks and balances when both parties and all bureaucrats are on the take or too scared to say anything because they don't want to go to jail for revealing the truth like Assange and Snowden and many many others that don't get the publicity in western media.

    What we need is a black lesbian woman who was born a man and decided she is a cat to start spilling the beans... it sounds crazy but all it takes is someone with courage and who actually cares about America and the west to get to a position of power. In the past such people would be blocked from getting to such levels, but these days an alphabet person that the media could not ignore, because they are not privileged white men, could get to such a position...

    The rest of the world is looking and is thinking the emperor has no clothes... and if the emperor wants to bully us to stay in their stagnant or collapsing markets then maybe it is time to shift their focus from the west to BRICS.... it will be interesting to see how quickly they introduce new members... I would hope they try to take on new members every year and really get some momentum going.

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    kvs
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    Post  kvs Sun Mar 03, 2024 11:09 pm



    It's been two years and a total fail of the worst sanctions ever, but these f*cktards are still pushing the fecal drool that Russia is a gas station posing as
    an economy, and is somehow now keeping itself from contracting because it is producing tanks.

    These retards are indeed retards.

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    Post  GunshipDemocracy Mon Mar 04, 2024 12:17 am

    @GarryB:

    ->The US and the west are being bullies and are essentially saying if you want to be our friends you have to like the people we like and more importantly hate the people we hate.
    me:



    Blinken (descent of Russian speaking Jews himself) said: "You're either at the table or on the menu" couldn't be clearer. But now the fun part starts...  Chinese and Indian govts and people heard that. And they  realize who's on menu after Russia ...  The question i is always power game, not if but when to say stop to the bandits...



    @GB: But now the west has become openly petty and openly nasty, and it is becoming clear part of the reason for the war in the Ukraine was to stop Russia selling cheap energy to Europe. The US wanted to sell its energy to Europe but at four times the price they had no chance with a level playing field.

    me: me thinks not only, all those NATerrorO expansion (aka anus dilatation) is also part of military preparation for  war. That's why Russia was forced to hit first. Biut yes selling overpriced gas is of course extra benefit.

    Europeons themselves are both closely controlled by us bullies and there are many of brainwashed people  or open nazi sympathizers among them as well.  




    @GB:
    But now countries are standing up to the colonial west and the main reason for this is their treatment in the past by the colonial western powers... there are no disney movies or Richard Attenborough documentaries on that sort of thing.

    +
    T
    he inhumanity and brutality needed to keep the darkies down is largely ignored in the west... we gave them the internet and they should be grateful... despite countries in Africa that supply the Uranium to power Frances nuclear power stations and other power stations around the place don't even have an electrical grid to supply power to 1/4 of its people.

    But colonialism has never gone away. Brits or French never left Africa really. So suddenly they realized oh my bad we were slavers but now we want to have fair trade and peer treatment? So media, all the IMF/WB/IDB organizations will be ruled by you? for your benefit right?  we lend you dollars or francs and overpriced "consultants" to ":reform your economy"  so you going to be always stay  poor uneducated and sending us back rare earth metals, gold, il gas, food or ores.





    @GB:
    What we need is a black lesbian woman who was born a man and decided she is a cat to start spilling the beans... it sounds crazy but all it takes is someone with courage and who actually cares about America and the west to get to a position of power. In the past such people would be blocked from getting to such levels, but these days an alphabet person that the media could not ignore, because they are not privileged white men, could get to such a position...

    Michelle Obama?!





    @GB: I would hope they try to take on new members every year and really get some momentum going.
    So would I.  But as time goes US and All-lies are getting more and more desperate. Time is not on their side... yet they can do a lot of damage.

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    Post  JohninMK Mon Mar 04, 2024 9:28 pm

    The European Commission believes that stopping the transit of Russian gas through the territory of Ukraine - an agreement that expires on December 31, 2024 - would lead the European Union to the "worst case scenario" , reports Politiko, referring to the document of the European Commission.
    12:21 AM · Mar 4, 2024

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    lancelot
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    Post  lancelot Tue Mar 05, 2024 1:09 am

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    kvs
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    Post  kvs Tue Mar 05, 2024 4:53 am

    "Oligarchs". BS language. You never hear these deep thinkers once refer to any of the actual oligarchs in the US and NATzO by this name.
    Russia had oligarchs like Berezovsky and Khodorkovsky during the "golden age of democracy" under Yeltsin. Putin and the siloviki slapped
    them down and forced them to be business owners or run away instead of being shadow political leaders.

    Russia is an anomalous country. The government is not a condom for the owner class. The NATzO west never expected this since it is
    nearly universal feature on this planet for governments to bend over for the elites. In this regard Russia was lucky it had the Soviet system
    since it created a gap where the owner class could not form fast enough and grab all the power. So Russia is the closest thing to a democracy
    that can be found since the voters actually have an effect, unlike in the west where they can vote until Hell freezes over for any number of
    parties and get the same agenda shoved down their throats. For sure this is the order in Kanada. I see the continuity between the core
    policies from one party to another as if they are all one party. When people vote for a change in the party in power, there is never any
    reversion of the BS policies and measures of the previous party in government.

    Galbraith is projecting western reality onto Russia. The trend in the Russian government role in the economy predates the 2022 SMO by 20 years.
    The hysterical shock therapy privatization foisted by the Yeltsin stooge regime was being rolled back for a long time. The SMO just accelerated the
    change. The claim that the Russian government was not interested in making the "oligarchs" choose between Russia and NATzO is ridiculous. That
    is what the Russian government has been doing since 1999 when Putin was Prime Minister. The process started under Primakov and when Chernomyrdin
    stated that the "era of market romanticism is over". You would think that Putin is was some variant of Yeltsin from Galbraith's statements.

    He may have some legitimate points to make, but this sort of shallow understanding of the situation in Russia is a real turn off. It makes him a
    dime a dozen "expert" on Russia's economy.

    We can tell from Putin's worry about the Russian economy after March of 2022 why the pacing of the house cleaning was not fast enough. There
    was a paranoia about chaos form disturbing the owners of companies. As if the economy would crumble if Draconian ownership changes were
    pursued. But what we saw was the exact opposite of chaos. It was a purge that flushed out the distortions introduced by Yeltsin's stooge
    regime. The logical fail seems to be that radical ownership change was compared to the revolutionary system change of the past. But that is
    not what happened. It is more comparable to corporate bankruptcy than communist revolution. This should be an important lesson for developing
    countries. Develop the system and don't protect the owners if they act like parasites. Flush them down the toilet, it will be better for the economy.

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    lancelot
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    Post  lancelot Tue Mar 05, 2024 6:14 am

    He seems to get it better than most other Western supposed experts.

    You could say that the reigning in of the private sector started much earlier of course. Putin basically put under state control the commanding heights of the economy right when he came in. The oil & gas sector being one of those. But you could also say that he still tried to run the economy in a capitalist fashion even after he came in. For example they split the electric grid from generation. They allowed foreign companies to compete in generation. And now over the past decade you saw him allow private investment into the health sector. He told Aeroflot to buy Russian airplanes. But they still bought foreign ones. And you didn't see the director getting sacked.
    Still national champions were created like Rosatom. And these are usually state owned. The chaotic economic structure that was created by the Yeltsin regime after they basically disintegrated the powerful Communist ministries by smashing them into tiny little pieces where the actual factories and design bureaus had to fly on their own without a safety net or top level funding is at least now approaching something coherent.

    However even today there are both gaps in the industrial fabric, diesel engines being a particular problem, and duplication like in the gas turbines. I mean just yesterday I found out that Gazprom now wants to make their own 16 MW gas turbine. What in heavens for. Aviadvigatel and Saturn already have 16 MW gas turbines. There are at least three different models based on aviation turbines (PS-90, PD-14, AL-31).

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    Post  kvs Sat Mar 23, 2024 4:51 pm



    NATzO deciders live in a fantasy bubble. Anyone who paid attention to Russia's economy would have totally different expectations about it.
    In particular, its sensitivity to sanctions. The phrase "gas station posing as an economy" is transcendentally retarded.

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    GarryB
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    Post  GarryB Mon Mar 25, 2024 5:14 am

    Wasn't sure where to post this because it is about new technology in Russia, but it is also a indication of the evil of the colonial west and the damage they have done to not just Russia but also Africa and the world:



    10 minutes but it is broken into chapters.

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    Post  PhSt Wed Apr 03, 2024 2:48 am





    Kazakhstan's Halyk Bank does not service Mir payment cards since February 27


    ASTANA, April 2. /TASS/. Halyk Bank, the largest bank in Kazakhstan, has stopped servicing cards of the Russian payment system Mir since the end of February, an employee of the call center of the financial organization told TASS.

    "The last change was on February 27, Mir cards are no longer supported," he said.

    According to him, this applies to both ATMs and POS terminals. However, he did not specify the reasons for the current restrictions.

    Earlier on Tuesday, the operator of the national payment system Elkart reported that Russian Mir payment cards will stop working in Kyrgyzstan on April 5 due to US sanctions. "The division of the US Treasury Department's Office of Foreign Assets Control imposed sanctions against National Payment Card System, the card operator of the Mir payment system. In order to minimize the risk of secondary sanctions, Interbank Processing Center, as a guarantor of the uninterrupted operation of the national payment system Elkart, announced the cessation of servicing Mir bank cards in its infrastructure from April 5, 2024," the statement said.

    https://tass.com/economy/1769451



    This is getting annoying. These supposed allies of Russia needs are afraid of US sanctions so instead they Backstab Russia. Russia needs to threaten to kill the top leadership of these banks if they refuse to serve Russia's interests. attack

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    lancelot
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    Post  lancelot Wed Apr 03, 2024 7:50 am

    Where to get titanium for Boeings and Airbuses
    04/02/2024

    The global aircraft industry remains dependent on titanium supplies from Russia, and this dependence has raised safety concerns in the West for the production of civil and military aircraft, as well as aircraft engines. Russia could cut off the flow of this metal and put companies in unfriendly countries critical to national defense and civil aviation in a difficult position. writes The Washington Post.

    Titanium's importance in the aerospace industry is due to its strength and lightness. The metal has the strength characteristics of steel but is 45 percent lighter, more resistant to heat and corrosion, and can be used in products from paint to implants. The aircraft industry cannot do without titanium: the metal itself and its alloys are used in power structures and aircraft skins, in aircraft engine turbine blades, and landing gear. It is a critical material as the industry strives to create ever lighter aircraft.

    In January 2021, the VSMPO-Avisma corporation and Boeing signed a contract for the supply of titanium products until 2026, according to which the Russian company was to supply titanium forgings to Boeing and its contractors for the production of B787 Dreamliner, B777, B767 and B737 MAX aircraft.

    After the start of a special military operation, on March 7, 2022, the aircraft manufacturing giant officially announced the suspension of titanium purchases from VSMPO. Boeing then noted that it had significant titanium inventories accumulated over the past few years as part of efforts to diversify supplies.

    At the same time, already in May of that year, the production of the B737 MAX model was suspended, including due to difficulties with raw materials. By refusing Russian titanium, Boeing exposes itself to serious risk due to the fact that VSMPO is the world's largest supplier of titanium to all aircraft manufacturing companies in the world without exception; Boeing, Airbus, Embraer and other large companies have purchased and continue to purchase it. All suppliers of components for Boeing aircraft in the United States were also forced to stop purchasing titanium from VSMPO.

    Despite the fact that the Russian manufacturer and supplier of titanium is at least partially owned by Rostec, which is subject to Western restrictions, it is not subject to sanctions by the United States and the European Union. The only thing that was done was to introduce export control over VSMPO-Avisma, which, however, does not prohibit the supply of Russian titanium to the USA, but only limits the export of goods for VSMPO itself to Russia.

    “We think that imposing sanctions on titanium from Russia would mean imposing sanctions on ourselves,” Airbus chief executive Guillaume Fiori said in June 2022.

    In December 2022, Airbus said it would phase out Russian titanium within a few months, but according to a Russian export database, the amount of titanium earmarked for supplies to a European aerospace consortium has increased to at least $24 million in 2022, which is the maximum figure for any European or American company and 940 percent higher than Airbus purchases a year earlier, writes The Washington Post.

    “Based on available data from last year, Airbus was still receiving titanium from a Russian supplier until at least November 2023. In a statement, an Airbus spokesman said the company does not comment on purchase volumes or contracts with suppliers, but complies with all existing sanctions against Russia. The statement notes that the company has already purchased titanium from suppliers outside of Russia, including in Europe, the United States and Asia,” the TWP article said.

    November 15, 2021 at the Dubai Airshow Boeing and VSMPO-Avisma agreed on titanium supplies for existing and future aircraft and technological cooperation for many years to come. A joint venture, Ural Boeing Manufacturing (UBM), was opened in Verkhnyaya Salda.

    In accordance with the Memorandum of Understanding signed by company executives, Boeing and VSMPO-Avisma planned to work together to increase UBM utilization, increase investment in research and development of new titanium alloys and technologies, and expand VSMPO’s role in the production of titanium parts and components for Boeing aircraft. But already in 2022, UBM was closed; Boeing stated that they “mined titanium mainly in the USA.” However, Boeing's main suppliers continued to purchase Russian titanium.

    In 2022, VSMPO exported about 15,000 tons of titanium worth $370 million, the vast majority of titanium was sent to unfriendly countries, with Germany, France, the USA and the UK topping the list. In 2023, VSMPO exported titanium worth at least $345 million.

    French aerospace company Safran Group, which supplies engines and chassis to aerospace companies including Boeing, increased imports from Russia by more than $20 million in 2022, up from $8.6 million a year earlier. LEAP 1B engines manufactured by Safran are installed on the Boeing 737 MAX. Airbus also uses LEAP on some aircraft. Safran claims that the volume of purchases in 2022 has increased, but “the share of Russian titanium in them has not increased.”

    Leaders of the British company Rolls-Royce, which produces engines for both Airbus and Boeing, announced in the spring of 2022 that they would stop purchasing Russian titanium. But imports of Russian titanium continued, increasing from $5 million in 2021 to $6.7 million in 2022. At the same time, deliveries of VSMPO to Rolls-Royce were also noted in April 2023.

    The continued dependence of European firms on Russian titanium is confirmed by European Union trade data, The Washington Post notes. In 2023, the European Union imported $244 million worth of Russian titanium, which is only 20 percent less than the highest import volume in 2019. U.S. trade data for 2023 shows $47 million in Russian titanium purchases, down nearly 80 percent from the 2019 peak.

    The Ust-Kamenogorsk Titanium and Magnesium Plant (UKTMK), located in Kazakhstan, produces titanium sponge, ingots and slabs. And VSMPO-Avisma produces flat and long products, pipes and stampings. The Japanese Toho Titanium and Osaka Titanium, from where Boeing supplies, have a wider range of products than UKTMK, but in terms of the number of titanium semi-finished products they are also inferior to the Russian company.

    They are afraid to buy titanium from Chinese manufacturers in the United States. Considering the complex foreign policy and economic relations of the West with the PRC, there is a high probability that the aircraft industry and the military-industrial complex will now become dependent on Chinese companies, and in America they fear this more than completely abandoning Russian titanium. In 2022, the discovery of a Chinese alloy in the assembly of F-35 fighter jets led to a production shutdown and investigation. The Pentagon later issued permission to use the alloy.

    About 80 percent of the titanium sponge used in the United States comes from Japan, which is struggling to keep up with waning demand. But American companies will need government help to resume sponge production in sufficient quantities in the United States.

    The US titanium industry could fill the missing volumes that arose after Boeing refused to cooperate with VSMPO, but this would require significant investment and the introduction of new technologies. And if there is neither one nor the other, then the aerospace industry of the EU and the USA can continue to buy titanium from Russia quietly or through third countries.

    https://aviation21.ru/gde-vzyat-titan-dlya-boingov-i-ejrbasov/

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    Post  Hole Wed Apr 03, 2024 11:51 am

    The Japanese Toho Titanium and Osaka Titanium, from where Boeing supplies, have a wider range of products 
    But no raw material. Japan has to import the stuff.

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    Post  lancelot Wed Apr 03, 2024 2:41 pm

    Hole wrote:But no raw material. Japan has to import the stuff.
    They make titanium sponge from the minerals. Titanium ore isn't that rare. It is the processing to make it into usable metal that is hard. It used to be that the Soviet Union were the only ones with significant capacity. Then Japan came up as a secondary supplier. Today China is a huge supplier of titanium metal. But like the article says the US isn't going to replace Russia with China as a supplier for its aerospace industry. Or is it. Always tricky these capitalists.

    It takes a long time to spool up titanium metal production. Up to a decade. Which is why quarter to quarter capitalists in the US won't do it.

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    Post  GarryB Thu Apr 04, 2024 3:54 am


    This is getting annoying. These supposed allies of Russia needs are afraid of US sanctions so instead they Backstab Russia. Russia needs to threaten to kill the top leadership of these banks if they refuse to serve Russia's interests.

    No need to kill anyone... if countries are scared of the US and don't want to cooperate and trade with Russia Russia should not care at all because there are over 100 countries that will trade with Russia so Russia is not going to suffer.

    I am sure the US will compensate those countries that follow their sanctions... I heard they are going to print an extra trillion US dollars to give the Germany and Europe so they can cope with the US war in Ukraine and loss of cheap energy... NOT.

    Perhaps they should just print 50 x 1 trillion dollar notes and hand 35 of them to their creditors and their debt is paid off just like that... hahahaha...

    If Kazakhstan wont accept Russian payments or cooperate with Russian banks then they are not going to get Russian products and services for free... they will have to set up alternative payment systems, or buy through third parties which will simply cost them more.

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    lancelot
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    Post  lancelot Thu Apr 04, 2024 5:09 am

    Russia needs to play hardball with these countries just like the US does with its sanctions. In the case of Kyrgyzstan around 43% of their exports are to Russia. Mostly textiles like fibers and fabric. It isn't like Russia cannot buy these elsewhere. Maybe Russia should just stop buying Kyrgyz cotton and fabric. All monetary remittances from workers in Russia to Kyrgyzstan should also be blocked. Then let them think about it a bit.

    Remember Ecuador and its bananas? Time to do it again.

    Kyrgyz trade is nearly all done with Russia and China. So they shouldn't even need to think about it twice.

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    Post  d_taddei2 Wed Apr 17, 2024 10:49 am

    What happened to the so-called biggest sanctions package the world has ever seen? And the west saying Russian economy is in tatters? lol!

    An influential global body has forecast Russia's economy will grow faster than all of the world's advanced economies, including the US, this year.

    The International Monetary Fund (IMF) expects Russia to grow 3.2% this year, significantly more than the UK, France and Germany.

    Away from Russia, the IMF downgraded its forecasts across Europe and for the UK this year, predicting 0.5% growth this year, making the UK the second weakest performer across the G7 group of advanced economies, behind Germany.

    https://www.bbc.co.uk/news/business-68823399.amp

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    Post  Hole Wed Apr 17, 2024 11:54 am

    will grow faster than all of the world's advanced economies, including the US, this year.
    The only thing growing in the US is the debt.
    "World´s advanced economies" = most indebted countries in the world.

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    Post  kvs Wed Apr 17, 2024 1:15 pm

    The NATzO west is a debt Ponzi racket. The social rot you see is part of a physical decline that is not recorded by the official statistics.
    Kanada imports immigrants to fluff up its GDP and this is just more of the debt racket. There is a transient stimulus that results from each
    new arrival that is obviously not linked to their useful employment. It is startup welfare, which is debt money. The immigrants do create demand
    for housing, food, goods and services. But this is not an indication improvement in the standard of living. It is just a low-grade bulk economic
    activity. The indications of decline in the standard of living are all there.

    The surge in Russia's GDP growth is peculiar. It does not make sense that there would be a two year delay in import-substitution driven growth.
    So the "low" growth rate up until now must be about money shuffling across the border. Debt retirement of around $50 billion per year can suppress
    Russia's GDP growth by a few percent per year. This suppression is not real and nothing more than the ridiculous way in which debt is treated
    by the GDP metric. Debt retirement is assumed to be a zero-sum process where jobs and demand disappear in the real economy. This is obviously
    not what happens. Demand and purchasing in Russia does not shrink because $50 billion in foreign debt was retired. Such an effect would occur
    if there was literally no spare money in the economy. But that is ludicrous since there is always domestic borrowing and excess cash in savings
    accounts. There is no such thing as a foreign debt retirement recession in Russia and I am not aware of such events in other countries. IMF
    austerity programs may be claimed to be such, but in fact they involve a large contraction of government spending, which is an important decline
    in demand and purchasing. Russia is not going through an IMF austerity program.

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    Post  lancelot Wed Apr 17, 2024 3:12 pm

    kvs wrote:The surge in Russia's GDP growth is peculiar.   It does not make sense that there would be a two year delay in import-substitution driven growth.
    It has taken time to wrest away control of businesses controlled by foreign entities, either sale of the entities to Russian businesses, passing them to local management, nationalization, whatever. And then it takes more time to find new suppliers, change production processes, and scale up to mass production.

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