@Sasanka_of_Gauda I was wrong
Edit: Egypt willing to use rubles to trade with Russia https://www.al-monitor.com/originals/2022/06/egypt-plans-use-ruble-trade-russia
Edit 2: Sri Lanka too wants that oil https://timesofindia.indiatimes.com/world/south-asia/bankrupt-sri-lanka-seeks-discounted-russian-oil/articleshow/92472265.cms
Edit 3: Mongolia also getting that oil https://www.russia-briefing.com/news/russia-mongolia-trade-up-30-looking-to-expand.html/
So is China: https://www.aljazeera.com/economy/2022/6/20/china-oil-imports-from-sanctioned-russia-skyrocket-surpass-saudi
So is India : https://www.hellenicshippingnews.com/indias-crude-oil-imports-from-russia-jumps-50-times-now-accounts-for-10-of-all-import/
BRICS nations gonna have their own reserve currency : https://think.ing.com/opinions/brics-the-new-name-in-reserve-currencies/
Worst case scenario: Russia economy is in recession for 10 years before getting back to 2021 levels of growth. This is worst case scenario right now. Just as bad as European Union. So not a big deal. https://www.themoscowtimes.com/2022/06/17/russian-economy-faces-10-years-of-recession-without-reforms-sberbank-ceo-a78031
Ruble hits 7 year high : https://news.bitcoin.com/ruble-hits-7-year-high-bukele-oleary-unfazed-by-crypto-downturn-elon-musk-will-keep-buying-doge-bitcoin-com-news-week-in-review/
Russian ruble is the strongest currency in the world this year: https://www.cbsnews.com/news/russia-ukraine-ruble-currency-russian-economy-2022/
Boom in Yuan Ruble trade: https://asiatimes.com/2022/06/yuan-ruble-trade-boom-a-wakeup-call-for-biden/
Conclusion: Russian economy is secure as it can shift all it's import needs to China from the west while moving all it's exports to the same nation. It also has increasing trade with Egypt, India, and Mongolia. That's enough countries for a trillion dollar nation to keep rising up in economic terms or at least stay aloft.
The Mongolia, China, Russia integration system is already in play and will likely win out. Russia is safe and can only be cut off from the cutting edge. Beyond that whatever the Chinese develop becomes accessible to the Russians as trade partners. China is already a more developed economy than Russia which means that Russia has constant access to better tech to work with. Sorry westoids but you can only make your club exclusive, but you can no longer stop growth of those outside of the club.
Edit 4: Russian inflation is twice the current rate of US inflation. That is the primary downside. However the Russians are more used to getting economically fricked than the US citizen.
https://www.nbcnews.com/business/economy/inflation-may-2022-consumer-prices-food-and-gas-rcna32774
Edit 5 : Russia finally defaults on it's debts after getting away with it for months at the last second. As per article - " But given the damage already done to the economy and markets, the default is also mostly symbolic for now", so trade with China continues as normal. Debt defaults matter when neutral countries have to decide whether they want to invest in you or not. Countries that favor you will invest in you irrespective of debt status as per my understanding. https://economictimes.indiatimes.com/news/international/business/russia-defaults-on-foreign-debt-for-first-time-since-1918/articleshow/92479426.cms
Edit 6: Russia still in a position to turn Ukraine into a crater on the Earth if it goes full artillery strikes don't care about the cities or infrastructure mode. https://eurasiantimes.com/russias-200-year-old-artillery-first-doctrine-that-devastated-ukraine/
Russia supplying Belarus with more weapons systems thus guaranteeing an ally right inside the EU that is hostile to the west and is now better armed. https://www.wionews.com/world/russia-will-supply-belarus-with-missile-systems-capable-of-carrying-nuclear-weapons-491833
Ukraine says missile attack came from Belarus which means things just got worse for Ukraine getting even more surrounded. https://www.ndtv.com/world-news/ukraine-reports-massive-attack-from-belarus-3100041
Russia achieved one of it's key strategic goals when it took over severodonetsk completely. So far they aren't losing just getting extremely slowed down. They still have the bodies to throw though. https://www.bbc.com/news/world-europe-61945914
Serbia still close enough to Russia to secure new gas deals with them well into the war. That's two hostile to the EU players in the west. https://www.aljazeera.com/news/2022/5/29/serbia-ignores-eu-sanctions-secures-gas-deal-with-putin
Even Turkey is neutral to Russia. https://www.republicworld.com/world-news/russia-ukraine-crisis/turkey-defends-its-neutral-stance-on-kyiv-says-sanctioning-russia-to-harm-its-economy-articleshow.html
Hungary continuing to oppose Russian oil bans and other sanction measures taken by the EU. https://www.cnbc.com/2022/05/30/eu-to-discuss-watered-down-oil-embargo-on-russia-as-hungary-holds-firm.html
Russia is still active in Syria participating in military drills there which shows that the west did not even succeed in their goal of getting the Russians to leave Syria even in the middle of a devastating ongoing war. https://english.alarabiya.net/News/world/2022/06/26/Syrian-and-Russian-paratroopers-conduct-joint-military-drill
Conclusion 2: Russia is not isolated at all currently. It has only been kicked out of the US and European Union main markets. Beyond that it is still well connected to the rest of the middling economies of the world and holds great sway there, well enough to continue to thrive in the long run.
The final question then is will Russia win in Ukraine in a long all out war, and the answer is likely yes if their economy cannot be fully crashed but only slowed down. Russia will just keep importing more people from Belarus even if the population begins to collapse.
Edit 7: @genuineloicensed this is not an agendapost you are a shit reporter if you checked my history you would know I post both for an against on various issues. I have no side thus I cannot agendapost go frick yourself you biased ninny.
@JewTwo I am not an AI I am a very smart and good looking human whose competencies can be mistaken as superhuman AI or demigod equivalents to normies such as yourself. Have faith, I am not above the people, just better than them.
Jump in the discussion.
No email address required.
lol wat
Jump in the discussion.
No email address required.
Unlike China and Russia Europe and US are not as closely tied together at the moment. German dependency on Russian oil and it's closure completely fricks over the Euro in the coming years. Long term stagnancy of the EU is pretty much guaranteed and unlike the US they can't just print more without consequence.
Jump in the discussion.
No email address required.
You said "in recession for 10 years". Do you even know what a recession is? Claiming that being in a recession for an entire decade is "not a big deal" is the height of r-sluration.
Jump in the discussion.
No email address required.
He's using westoid sources. Nobody actually thinks Russia will be in a recession for 10 years, lol.
Jump in the discussion.
No email address required.
my favourite western source
Jump in the discussion.
No email address required.
German Gref is a shitlib westoid-worshipper. Always has been. But of course the western propaganda source will use the most catastrophising, and of course you quoted that as factual. Here's a counterpoint:
https://www.rbc.ru/economics/02/06/2022/6298b4369a7947b4538ea53a
For the lazy:
So far, the prognoses have only been revised upwards every month. In March they had a much more pessimistic outlook, but even then they didn't think the fall would last 10 years.
Jump in the discussion.
No email address required.
"This is a western source so its wrong and fake." "Akchyally this is a russian source, but it shows us in negative light therefore its also wrong. This one however shows us positively therefore it is correct"
Jump in the discussion.
No email address required.
More options
Context
I didn't, the OP quoted it as a "worst case scenario", in fact I didn't even read it, I just pointed out that a Russian born in the USSR CEO of a Russian majority state-owned bank is not a "westoid source"
you should try seriousposting less
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
No shit. I'm mocking him for making such a basic mistake in his econ longposting attempt.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
Japan got through it no problem. Iran and North Korea got through it too in one piece. It's not the kind of death sentence it used to be anymore. Just means your military and political influence is limited to your borders which is exactly what's happening with Russia right now plus it is at western borders so nothing changed or got worse for them anyhow.
Jump in the discussion.
No email address required.
Stagnation isn't recession.
Jump in the discussion.
No email address required.
Iran recession. Got through. Pay attention dumbass.
Jump in the discussion.
No email address required.
First of all, your previous comment started with this:
Again, Japan did not experience 10 years of recession. The Lost Decade was not 10 years of recession.
Second of all, when the frick did Iran experience a 10-year-long recession?
Jump in the discussion.
No email address required.
Japan had 3 lost decades. Even the US and Europe is going through a recession or close to at the moment their inflation rates are waaaaay above their economic yearly growth rates.
2012 to 2020 iran economy went down and down and down. Plus another example Argentina, even with multiple defaults it keeps chugging along almost as if recessions no longer entirely kill a nation.
Jump in the discussion.
No email address required.
Not a single one of the examples you've named thus far have experienced a 10-year recessionary period since the Great Depression (I guess maybe Iran could have in the 1970s during the Iran-Iraq War).
This has always been the case.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context
Ah yes, 100 new mansions will be built in the name of Russian oligarchs.
The Russian 1% will have it very very well.
Jump in the discussion.
No email address required.
More options
Context
More options
Context