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> Russia is a state on brink of bancrupcy. Proofs? AFAIK it is exact opposite: very low debt, stable source of income from resources export, large gold reserve
by rossmohax 5y ago
> Russia is a state on brink of bancrupcy.
Proofs? AFAIK it is exact opposite: very low debt, stable source of income from resources export, large gold reserves.
- paulus_magnus2 5y agoThey are a petrolstate with no real economy going and producing virtually no tradeale goods other than raw resources[a] [b] 70% of their trade is with Western countries [c] so if cut them off, their deficit quickly pushes them hard into debt and with no external financing they will go into internal debt. With no credibile ways to pay off debt they have hyperinflation and people on the streets demanding Putin out. Modern war is super expensive [d] [a] https://commons.wikimedia.org/wiki/File:Russia_Export_Treemap.png https://commons.wikimedia.org/wiki/File:Russia_Export_Treema... [b] https://atlas.cid.harvard.edu/explore?country=186&product=undefined&year=2019&productClass=HS&target=Product&partner=undefined&startYear=undefined https://atlas.cid.harvard.edu/explore?country=186&product=un... [c] https://atlas.cid.harvard.edu/explore?country=186&product=undefined&year=2019&productClass=HS&target=Partner&partner=undefined&startYear=undefined https://atlas.cid.harvard.edu/explore?country=186&product=un... [d] https://www.forbes.com/sites/hanktucker/2021/08/16/the-war-in-afghanistan-cost-america-300-million-per-day-for-20-years-with-big-bills-yet-to-come/?sh=55e8cf207f8d https://www.forbes.com/sites/hanktucker/2021/08/16/the-war-i...
- rossmohax 5y agoThanks for [b]&[c] links, very useful.