Russia-Ukraine War - News, Discussions & Updates
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F-22Raptor
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Hendarto
Registered Member
Actually Russia's economy is thriving even with sanctions It grew 3.65 last year easily beating the pedestrian 1% growth of the EU. The supermarket is fully stocked. There is a labor shortage now because of the demand in the armament industry for more workers. War is not necessarily bad for the economy. Roosevelt end the depression with a land lease agreement supplying Britain with war material
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Viet
VIP Member
Europe is preparing the worst case scenario. The russian hordes coming.
Germany needs to re-arm with with 3,500 tanks.
amp.theguardian.com
Germany needs to re-arm with with 3,500 tanks.
EU leaders urged to put economies ‘on war footing’ at Ukraine negotiations
Prime ministers to examine plans to confiscate billions of euros in interest from frozen Russian assets and send the money to Kyiv
amp.theguardian.com
F-22Raptor
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F-22Raptor
Elite Member
F-22Raptor
Elite Member
Missile attack on Kyiv last night 100% neutralized. Western air defense systems continue to perform incredibly well. Main concern is replenishment of air defense missiles as aid is taking forever to work through Congress.
gambit
Professional
The ruble is rubble.
'Crisis Of Confidence': Ruble's Plunge Prompts Policy Clash In Russia As Costly War Drags On
The ruble has been falling as Russia’s war on Ukraine drags on with no sign that Moscow intends to pull back. While there are underlying causes such as shrinking net exports, some experts also see a ‘crisis of confidence’ in the currency and its plunge has set off a tug-of-war over economic policy.
www.rferl.org
“There is a crisis of confidence in the ruble,” Sergei Aleksashenko, a former Russian central bank chief who is now a vocal Kremlin critic, said in a tweet following the August 15 rate hike. He predicted rate increases would have little impact on the currency.
F-22Raptor
Elite Member
Russian growth is only due to increased spending for its war economy which is clearly not sustainable. Inflation is 7-8% with interest rates at 16%. GDP growth was also negative in 2022, so 2023 growth was from a very low base.
Russia has no sustainable path to growth which is why the IMF predicts a stagnant GDP through the end of the decade.
Meanwhile US GDP will cross $30T within 2 years and $40T in a decade.
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