Post
Topic
Board Economics
Re: Sanctions left and right, Can the Russian economy survive?
by
Abiky
on 31/03/2022, 01:48:11 UTC
Of course they can survive, they will just be in a much poorer position than when they began this useless war. Not only has Putin proved that his army is utterly incompetent and badly managed throughout, he has crippled the Russian economy for many decades to come. Even if the sanctions were slowly removed, his unpredictable nature and rash economic decisions have shown that it is a terrible place for foreign investment. There is money to be made, but there are a lot safer places that can generate equally high returns. The average Russian will become a lot poorer, not only in money but freedom of speech and travel opportunities, while the richest Russians are also going to face a backlash of unprecedented proportions for the poorly thought out attack by their leader.

Putin destroyed the country's image worldwide, so I doubt Russia will survive in the long run. Only a change in regime will bring hope to the country itself. As long as Putin is in power, Russia won't be going anywhere. I believe China will play a part in trying to restore the Russian economy back to its former glory. But Russia's isolation from the world will make it challenging to put the economy back to the way it was before.

Unfortunately, Russian citizens (not the government itself) will be the ones most affected by economic sanctions. People in Russia are now poorer than ever, thanks to Putin's invasion of Ukraine. Sanctions will continue to be implemented until the war comes to an end. Who knows what will be of Russia by the end of the year? Just my thoughts Grin