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I don’t quite follow the headline‘s logic. It seems that lower imports and higher exports are working the same direction, not one making up for the other. If i
by KarlKemp 4y ago
I don’t quite follow the headline‘s logic. It seems that lower imports and higher exports are working the same direction, not one making up for the other.
If imports are plunging, sanctions are working. They may have more foreign currency reserves than ever before, but get caught by the other sanction mechanism: not being able to spend that money on what they need.
- Mountain_Skies 4y agoSpend on what though? The sanctions are rather porous and quite a bit of the world outside of the self-anointed "International Community" has given at most lip service to the sanctions. Doubt there's much on this planet that Russia could want that it couldn't get.
- gscott 4y agoEspecially with their Yuan reserves. They can simply get whatever they need from China assuming China can deliver it.
- trasz 4y agoChina might not want to. There are signs of Chinese companies cutting ties with Russia. It’s just they don’t turn it into a PR campaign, differently from the West.
- Shadonototra 4y agocurrency doesn't matter if you are excluded from the global economy russia is a self sufficient country with a shit ton of natural ressources, including energy they don't even fully make use of siberia people who think "trade sanctions" affect them are delusional, they don't need to loose their sovereignty to join a global agenda for military/trade also i'm pretty sure they don't want to waste their equipment because they also know ukraine is a proxy war, they are getting ready for something else the whole EU on other hand are being demilitarized by sending their weapons to waste in Ukraine the end game will be china anyways, the US want the battlefield to be in Europe instead of the pacific/west coast, as usual