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Yeah, no. Yale economists did an interesting study that show the claims of Russian resilience to be (To use a page out of Russian history) a Potemkin village.
Don't believe propaganda, Russian or Western. Look at facts and numbers. All economic data is showing that the Russian economy is doing great. Which explains how Putin can get away with this. Like Americans, all the Russians care about is the economy. And the Russians are very satisfied with their economy right now.
On December 5, a ban on insuring and servicing ships carrying Russia’s seaborne crude oil will go into effect unless it is purchased at a price that falls below the designated price cap. No ship owner will put to sea without insurance. So all the crowing about Russia's oil sales, while true, are temporary.
The Russian automobile industry has shrunk to the point of being nearly non-existent. The choices of cars are between bad and terrible.
Attendance at Russian colleges as shrunk since 2014 and is still shrinking. Leading the collapse are medical and technology fields. Russian airlines struggle as sanctions prevent proper maintenance of aircraft.
Total fertility rate in Russia is 1.5, meaning the population will shrink, even as the very people who are most valuable are leaving the country. This year, about 1.2 million educated workers have left.
But, yes, the Ruble is doing very well. You can't buy the Ruble, and the Ruble cannot be traded in most countries, but in theory, it is doing very well. The Cuban Peso is also doing well. Does that mean the economy of Cuba is doing well, too?
No. It doesn't.
Russia is slowly crumbling. No one should pretend to read The Economist, who doesn't actually read it.
On December 5, a ban on insuring and servicing ships carrying Russia’s seaborne crude oil will go into effect unless it is purchased at a price that falls below the designated price cap. No ship owner will put to sea without insurance. So all the crowing about Russia's oil sales, while true, are temporary.
The Russian automobile industry has shrunk to the point of being nearly non-existent. The choices of cars are between bad and terrible.
Attendance at Russian colleges as shrunk since 2014 and is still shrinking. Leading the collapse are medical and technology fields. Russian airlines struggle as sanctions prevent proper maintenance of aircraft.
Total fertility rate in Russia is 1.5, meaning the population will shrink, even as the very people who are most valuable are leaving the country. This year, about 1.2 million educated workers have left.
But, yes, the Ruble is doing very well. You can't buy the Ruble, and the Ruble cannot be traded in most countries, but in theory, it is doing very well. The Cuban Peso is also do well. Does that mean the economy of Cuba is doing well, too?
No. It doesn't.
Russia is slowly crumbling.
In multiple EU countries inflation is much higher.
And in multiple European countries population is shrinking much faster.
I did. Unless I am missing what you are saying, since there are other countries that have a worse economy and with populations that are dropping, then Russia economy isnt doing that bad.
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