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tangs

38,057 Posts.

501

02/02/24

15:05

Post #: 72207768
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there is lots more but this is enough

pro russ here continually rely on figures that are rosey (and fictitious) SUPPLIED BY RUSSIA !
How naive .

If you are interested in the truth about the russ economy look at the 16% official interest rate , the patheticaly weak rouble and the balance of payments with increasing debt and a regualr robbing of the future fund to pay for the war .

Originally posted by tangs: ↑

the pro russ in general and Mook in particular have attempted to spread several lies and misrepresentations here on HC
some that have been dealt with are that .....russia only attacked Ukraine because of security conerns over NATO (proven flat out lie !)......another that the west weapons silos threarten russia more than russia threatens the west (also a lie and easily disproved )
but .....there are also the lies about russias economy ....it's very big (actually mid level) .....unaffected by sanctions (LOL) .....it's healthy ....it will quickly rebound

"Western sanctions have left Russia in dire financial circumstances — stuck somewhere between recession and stagnation. Though proven solutions exist for what now ails Russia, President Vladimir Putin’s geo-strategic and political choices have rendered these traditional economic approaches unworkable."

"In particular, Russia lacks a diversified economy, a vibrant entrepreneurial class, the rule of law and a stable business environment that can support a fast economic turnaround. In addition, this crisis has sparked Russian anti-Western and isolationist rhetoric* that makes Moscow’s road to recovery significantly more difficult."
(* talking fopreign oinvestment )

"Putin’s pursuit of greater imperial glory has brought an unrelenting stream of bad economic news. The dramatic collapse of the price of oil means a decline in state revenues and less money for Putin’s ambitious military and social spending projects. Along with the ruble sinking, inflation is rising and capital flight has soared to record highs "

"Yet Russian businessmen and women have been so over-regulated — and over-prosecuted — that the Russian entrepreneur has become an endangered species. Indeed, an amnesty last year revealed tens of thousands of business leaders in jail on essentially trumped-up charges. Despite much fanfare, only a relative trickle of people was eventually released.
The Kremlin recently announced, however, that it intends to make a bad situation worse. Much of Russia’s foreign investments represent money returning from Russians living abroad. Yet now the finance ministry wants companies registered offshore and owned (50 percent or more) or potentially controlled (25 percent or more) by Russian citizens to pay taxes in Russia."
https://www.wilsoncenter.org/publication/putins-created-economic-crisis-and-left-moscow-no-easy-way-out

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