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Russian economy is booming actually, thanks to continued purchasing of oil and gas by Europe and other parts of the world, and the sanctions that block capital
by nlitened 1y ago
Russian economy is booming actually, thanks to continued purchasing of oil and gas by Europe and other parts of the world, and the sanctions that block capital outflow out of the country.
- mschuster91 1y ago> Russian economy is booming actually Mostly the military, from what I hear. The rest of the economy is in shambles [1]. No matter what: once the war in Ukraine is over by whatever solution, it's going to get nasty. Either Putin (or, more likely, his successor - the dude is old and it's by far not sure if he will be able to stay in power should the war end up bad for Russia) manages to turn around the economy once again from producing tanks and other instruments of war to a regular economy, or they'll keep it that way... and attack another country with all that firepower. [1] https://kyivindependent.com/amid-dwindling-economy-number-of-russian-businesses-falls-to-lowest-levels-since-2010-foreign-intelligence-says/ https://kyivindependent.com/amid-dwindling-economy-number-of...
- int_19h 1y agoThere's a trickle down effect from it, same as with all massive government spending. Those factory workers who now have cushy jobs with large paychecks assembling tanks and cruise missiles then go and spend that money on other things.