Russia Ukraine war

Originally posted by watso: ↑

pic above is the russian stock market .. up 120% in 12 months

https://invezz.com/news/2023/12/07/russia-is-winning-in-ukraine-just-look-at-the-moex-index/

SANCTIONS STARTING TO TAKE EFFECT ...

lol lol russian economy booming

Russia's GDP Up By 3.2% In 10 Months, Already Higher Than Before Western Sanctions - Putin

"It is expected that by the end of this year, in any case - we all really count on it - GDP will increase by at least 3.5%. You would agree - all the people here are competent - these are good indicators for the Russian economy," the head of state said.

Putin stressed that Russia is ahead of all leading EU countries in terms of economic growth rates."Russia is the largest economy in Europe and in terms of growth rates it is now ahead of all the leading countries of the European Union," he said.

https://menafn.com/1107557459/Russias-GDP-Up-By-32-In-10-Months-Already-Higher-Than-Before-Western-Sanctions-Putin

The economy is no longer dependent on energy, according to the Russian president

The Russian economy, which has expanded by 3.2% so far this year, has been growing largely due to non-energy-related sectors, President Vladimir Putin said during his address at VTB Bank’s ‘Russia Calling’ forum on Thursday.

According to Putin, the largest share of the country’s economic growth comes from non-resource-based industries, namely manufacturing, transport, logistics, construction, information technologies, communications, housing and communal services.

“These [sectors] accounted for 54% of economic growth in the second quarter of the year, another 44% were the so-called supporting industries – trade and public catering,” he stated.

Meanwhile, resource development accounted for only 2% of the growth in the period, the president noted.

“Now let’s see them try to call Russia a gas station,” Putin said, referring to comments by Western politicians who have on numerous occasions used this term to illustrate that Russia’s economy is too dependent on energy exports and is therefore weak.

sanctions were supposed to destroy russia .. lol lol the most sanctioned country in the world ..

russia/china trade is booming blah blah

https://www.reuters.com/markets/china-russia-trade-hits-218-bln-jan-nov-completing-goal-planned-reach-2024-2023-12-07/?n=@

european businesses must be lusting the opportunity to sell into the booming russian market ..

(the downside for russians is that they can no longer buy rubbish mcdonald burgers or starbucks coffee )

Expand

meanwhile in the real world .. russian exports of LNG to europe hit an all time high

Russian LNG exports to EU reach record high of 1.75 million tons

In November, Russian liquefied natural gas (LNG) exports to the European Union reached a record high of 1.75 million tons, as reported by a business daily citing Kpler data. This surpassed the previous record set in December 2022, when 1.737 million tons were exported to the region.

menafn.com/1107546951/Russian-LNG-exports-to-EU-reach-record-high-of-175-million-tons

and from memory, there is no price cap on russian lng .. so no doubt they would be getting a good price for the product .

from elsewhere on the net

Imports up nearly 58% on week Delays at Panama Canal continue Delivered imports of LNG to Europe for November to date (nov 20) have risen to 7.39 million mt,
.
.
lol lol russian oligarchs must be laughing their heads off .. all those companies that pulled out of the russian market sold their businesses cheap to russian oligarchs ..

lol lol and even more lols lols (and laughing real loud) .. all those sanctions imposed on russian oligarchs - and when they previously exported their loot to the west - they have invested the money into russia - where they are making a killing - as the russian stock market has jumped 120% in 12 months ..

from memory the idea was that the oligarchs would turn on putin and get rid of him .. lol lol they probably get the vodka out and raise a glass (or two or three or four) - and praise st poots all night long ...

all night long we drink to st poot
in the morning we count our loot