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A good rule of thumb is that most Emerging Markets countries only export commodities. In Russia's case, oil, natural gas and some metals. That's not "economic p

A good rule of thumb is that most Emerging Markets countries only export commodities. In Russia's case, oil, natural gas and some metals. That's not "economic powerhouse". Here's Russia's top 10 exports for 2021 [1]: Mineral fuels including oil: US$211.5 billion (43% of total exports) Gems, precious metals: $31.6 billion (6.4%) Iron, steel: $28.9 billion (5.9%) Fertilizers: $12.5 billion (2.5%) Wood: $11.7 billion (2.4%) Machinery including computers: $10.7 billion (2.2%) Cereals: $9.1 billion (1.9%) Aluminum: $8.8 billion (1.8%) Ores, slag, ash: $7.4 billion (1.5%) Plastics, plastic articles: $6.2 billion (1.3%) [1] https://www.worldstopexports.com/russias-top-10-exports/ https://www.worldstopexports.com/russias-top-10-exports/

sudosysgen 4y ago
Russia isn't really allowed to export anything that's not a commodity even if they wanted it. Non-commodity exports are made possible by favourable position with regard to the international legal system (ie, financial systems, intellectual property frameworks, etc...). Russia will never be allowed into such a category as long as the US has a word to say, which is, in the foreseeable future. Can you imagine a world where the US agrees to have core technologies under ownership of Russia? How about Europe? If not these two markets, why would, say, a random African country decide to honour Russian intellectual property rights?
- Scoundreller 4y ago
  > Can you imagine a world where the US agrees to have core technologies under ownership of Russia? I mean, the west had no issue with depending on China for almost everything. I doubt USA had a ton of Huawei gear in its networks, but plenty of other countries sure have.
  - sudosysgen 4y ago
    No. The west is very reluctant to depend on Chinese IP. Few western countries are moving ahead with Huawei. As soon as it became dominant Western governments started cracking down.

sudosysgen 4y ago

Russia isn't really allowed to export anything that's not a commodity even if they wanted it. Non-commodity exports are made possible by favourable position with regard to the international legal system (ie, financial systems, intellectual property frameworks, etc...). Russia will never be allowed into such a category as long as the US has a word to say, which is, in the foreseeable future. Can you imagine a world where the US agrees to have core technologies under ownership of Russia? How about Europe? If not these two markets, why would, say, a random African country decide to honour Russian intellectual property rights?

Scoundreller 4y ago
> Can you imagine a world where the US agrees to have core technologies under ownership of Russia? I mean, the west had no issue with depending on China for almost everything. I doubt USA had a ton of Huawei gear in its networks, but plenty of other countries sure have.
- sudosysgen 4y ago
  No. The west is very reluctant to depend on Chinese IP. Few western countries are moving ahead with Huawei. As soon as it became dominant Western governments started cracking down.