Post
Topic
Board Economics
Re: Will Russia Emerge As The Next Dominant Superpower
by
Sithara007
on 01/06/2022, 02:35:44 UTC
Why don’t you say in your reasoning that the Central Bank of the Russian Federation has already lowered the rate twice, most recently by 3%, and now the key rate in Russia is 11% with a tendency to further decrease? Why don't you also say that Russia, unlike Western countries, has a very small debt burden and the issue of debt refinancing is not too acute?

The NATO bloc has already announced 6 rounds of sanctions and the Russian economy seems to be more or less intact. When the first round of sanctions were announced, everyone was expecting Russian to collapse and the Ruble to nosedive to exchange rates similar to what Zimbabwean dollar had in 2009. But the economy is doing quite well, and the Ruble has actually gained against the US Dollar. And it looks as if they will do good, as long as the revenues from oil, gas, coal and potash fertilizer continue to flow in to their coffers.