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That's absolutely not how the price cap was supposed to work since India is buying at a higher price than the cap and we've seen repeated complaints from wester

That's absolutely not how the price cap was supposed to work since India is buying at a higher price than the cap and we've seen repeated complaints from western officials regarding this fact. Again, as many articles I've linked show, there is no sign that this is cutting into Russian profits in any significant way/ However, it absolutely is devastating European economy. I'll reiterate my point since it clearly escaped you. The question is which economy is being hurt more relatively speaking. There is clear evidence that European economy is suffering and countries like Germany are now in recession. There is no such evidence regarding Russian economy.

The_Colonel 3y ago
> The question is which economy is being hurt more relatively speaking. 2022 GDP growth: * Germany +1.9% * Russia -2.1% (according to Russia's agency) Yeah, evidence absolutely points to European economy getting hammered while Russia is better than ever.
- yogthos 3y ago
  now let's forward and see how things are going in 2023 https://www.cnn.com/2023/05/25/economy/germany-recession-q1-2023/index.html https://www.cnn.com/2023/05/25/economy/germany-recession-q1-... https://www.bloomberg.com/news/articles/2023-05-25/germany-enters-recession-europe-s-largest-economy-is-breaking-down https://www.bloomberg.com/news/articles/2023-05-25/germany-e... https://www.reuters.com/markets/europe/russian-economy-ministry-improves-2023-gdp-growth-forecast-2023-04-14/ https://www.reuters.com/markets/europe/russian-economy-minis... Evidence absolutely does point to European economy getting hammered while Russia is better than ever. I have to ask what your agenda is here given that you keep trying to pretend things that are obviously happening aren't happening?
  - chrysler 3y ago
    >> while Russia is better than ever. In same fairytale, that may be so. In the real world, oil and gas revenue is 40% of Russia's federal budget and down -52% YoY as of April, so that's more than -20% from oil and gas alone gone before taking collapse of other exports and explosion of military expenditure into account. At this rate, we'll see a replay of 1998 soon.
    - yogthos 3y ago
      In the real world Russia is making pre-war level profits of its energy exports. It's like you don't understand the concept of supply and demand, the need for the energy and other commodities that Russia was exporting hasn't magically gone away, and you can't just make these things appear out of thin air. The fact that so many people are unable to wrap their heads around is idea is just amazing.
      - chrysler 3y ago
        Nice move of goalposts from "better than ever" to "pre-war", that is, Covid-riddled era with low demand. The hard facts are that federal revenue is down -22% while expenditure is up +26% and Russia is running a 30% deficit.
  - The_Colonel 3y ago
    That's some nice cherry-picking. German "barely a recession" projected at -0.1% over 2023 with most of the Europe growing is "getting hammered". Russia with -2.3% is "better than ever".
    - yogthos 3y ago
      I mean if you're just going to keep repeating that then there's no point continuing this conversation. The Reuters link I provided clearly shows that Russia is projecting growth this year.

The_Colonel 3y ago

> The question is which economy is being hurt more relatively speaking. 2022 GDP growth: * Germany +1.9% * Russia -2.1% (according to Russia's agency) Yeah, evidence absolutely points to European economy getting hammered while Russia is better than ever.

yogthos 3y ago
now let's forward and see how things are going in 2023 https://www.cnn.com/2023/05/25/economy/germany-recession-q1-2023/index.html https://www.cnn.com/2023/05/25/economy/germany-recession-q1-... https://www.bloomberg.com/news/articles/2023-05-25/germany-enters-recession-europe-s-largest-economy-is-breaking-down https://www.bloomberg.com/news/articles/2023-05-25/germany-e... https://www.reuters.com/markets/europe/russian-economy-ministry-improves-2023-gdp-growth-forecast-2023-04-14/ https://www.reuters.com/markets/europe/russian-economy-minis... Evidence absolutely does point to European economy getting hammered while Russia is better than ever. I have to ask what your agenda is here given that you keep trying to pretend things that are obviously happening aren't happening?
- chrysler 3y ago
  >> while Russia is better than ever. In same fairytale, that may be so. In the real world, oil and gas revenue is 40% of Russia's federal budget and down -52% YoY as of April, so that's more than -20% from oil and gas alone gone before taking collapse of other exports and explosion of military expenditure into account. At this rate, we'll see a replay of 1998 soon.
  - yogthos 3y ago
    In the real world Russia is making pre-war level profits of its energy exports. It's like you don't understand the concept of supply and demand, the need for the energy and other commodities that Russia was exporting hasn't magically gone away, and you can't just make these things appear out of thin air. The fact that so many people are unable to wrap their heads around is idea is just amazing.
    - chrysler 3y ago
      Nice move of goalposts from "better than ever" to "pre-war", that is, Covid-riddled era with low demand. The hard facts are that federal revenue is down -22% while expenditure is up +26% and Russia is running a 30% deficit.
- The_Colonel 3y ago
  That's some nice cherry-picking. German "barely a recession" projected at -0.1% over 2023 with most of the Europe growing is "getting hammered". Russia with -2.3% is "better than ever".
  - yogthos 3y ago
    I mean if you're just going to keep repeating that then there's no point continuing this conversation. The Reuters link I provided clearly shows that Russia is projecting growth this year.