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You're getting downvoted by Americans with big fat paychecks in the Bay Area and other coastal cities on the energy self-sufficient North American content. Like
by cpursley 4y ago
You're getting downvoted by Americans with big fat paychecks in the Bay Area and other coastal cities on the energy self-sufficient North American content. Like it or not, Europe runs on Russian gas/oil/grain for the time being. The current crop of EU officials are probably not evil, but they are incredibly incompetent. By any object measure, the sanctions have filled the Russian Government's coffers and made Europe much poorer.
- deleted 4y ago[deleted]
- JumpCrisscross 4y ago> any object measure, the sanctions have filled the Russian Government's coffers and made Europe much poorer With you until this point. Higher energy prices have in no way made up for the loss of Russia's reserves.
- cpursley 4y agoRussia has actually raised minimum wage and pensions by 10% due to the huge inflow of tax revenue. They also reduced the emergency 20% interest rate to 9.5% (about same as before). And I can't find the article, but I read somewhere that they're only losing about 1/3 of the original reserves that was originally announced. The EU is getting played by both Russia and America.
- JumpCrisscross 4y ago> Russia has actually raised minimum wage and pensions by 10% due to the huge inflow of tax revenue This is less than inflation. (Curious to see a source spinning it as a result of tax revenues. Even for the Kremlin, that's an idiotic argument.) It's also about the amount Russia's economy is expected to shrink this year.
- cpursley 4y ago- https://www.businessinsider.com/putin-to-hike-russian-minimum-wage-pensions-inflation-ukraine-war-2022-5 https://www.businessinsider.com/putin-to-hike-russian-minimu... - https://fortune.com/2022/06/14/putin-russia-oil-gas-profit-revenue-europe-china-india/ https://fortune.com/2022/06/14/putin-russia-oil-gas-profit-r... - https://www.bloomberg.com/news/articles/2022-06-10/russia-cuts-rates-to-pre-war-level-with-eye-on-ruble-and-economy https://www.bloomberg.com/news/articles/2022-06-10/russia-cu... Keep mind that the Russian government budget operates on a $40 gallon barrel of oil budget.
- JumpCrisscross 4y agoNobody has argued Russia isn't making a killing off its energy portfolio. But a quarter of a billion dollars of revenue, not profit, in a booming global economy no less, doesn't make up for a similar quantity of frozen reserves. Russia is weaker and poorer than it was at the end of last year. The Russian state is doing far better than was expected, domestically. Credit due where owed. But it's a growing share of a shrinking pie situation.
- cpursley 4y agoEveryone is poorer than last year, unfortunately.
- tester756 4y agoIs increased minimal wage a sign of something good?
- gambiting 4y agoI downvoted them and I'm Polish - I see Ukrainian people on our streets every day, I hear their stories and their suffering all the time, my family is housing several refugees already. The stuff that Russia is doing to that country is making my blood boil. If anything, I'm incredibly upset that EU is not doing more to tighten the screw on Russia. If we are unwilling to send our militaries to fight Russia in Ukraine, then we should completely and entirely stop doing any business with that murderous, warmongering country, no matter the cost to ourselves. I mean it.
- cpursley 4y agoY'all need to be realistic about the energy situation or you'll have bigger problems than Russia.
- thereddaikon 4y agoIf it wasn't for Russia having nukes I think your government may have already joined the war at this point. Poland has made Germany look really bad in how much more forthcoming its been in aiding Ukraine against Russian aggression.
- deleted 4y ago[deleted]
- tut-urut-utut 4y agoThen let's agree that we don't agree. And if we can't find a common interest, let's just split the EU.