Post
Topic
Board Economics
Re: Sanctions left and right, Can the Russian economy survive?
by
kryptqnick
on 23/03/2022, 20:45:39 UTC
This is a question I’ve been asking myself as well as time has gone on and as we’ve seen more and more sanctions being handed out. I think a large part of it is going to come from the people themselves, they are of course going to feel the ramifications of this hitting their pocket books, so the questions becomes when is enough enough for them?

I sure hope they are hurting their economy is a big way. We need this war to win immediately.
Agreed. Major investment agencies believe Russia is heading toward default. Also, while the prognosis for Russian economy is -8%, which seems like a joke, it's worth to know that the GDP decreased by 4.6% (so, it's almost twice the difference), and it was called a financial crisis, inflation was at 84%, and Russia recovered fast largely because of heavy trading with the world which isn't exactly an option this time, and another reason listed in the national industry benefiting due to increased prices on imported goods, but that's not going to be the case either because there will barely be any imported goods. But still, of course Ukraine needs the West to impose stronger sanctions, because these processes can take many months to unravel, whereas our civilians are dying every day.