The Demolition of Russia's Economy

It's gonna be deja vu all over again.

"factory would be managed by municipal authorities."

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‘KAMAZ can revive the ‘popular’ car that is badly needed’

Source : https://realnoevremya.com/articles/6342-the-production-of-moskvich-cars-might-renew


On 16 May, Moscow Mayor Sergey Sobyanin said that Renault’s factory would be managed by municipal authorities after the company sold the business.
Source : https://realnoevremya.com/articles/6342-the-production-of-moskvich-cars-might-renew




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https://realnoevremya.com/articles/6342-the-production-of-moskvich-cars-might-renew
 
Quick question for Putin and Xi?

ARE YOU HAVIN' FUN YET, LADS OR DO YOU NEED TO GIVE IT A WEE BIT MORE TIME?




China-Russia relations: Chinese producers lament loss of once-lucrative Russian deals
  • Gone are the days when Russia was a reliable source of big profits for Chinese producers, who have become wary of running afoul of Western sanctions
  • Before the war, more than 40 per cent of Chinese exports to Russia comprised various kinds of machinery and electrical equipment, but deliveries of such goods have since plunged
At a machinery exporter in the Chinese megacity of Nanjing, He Liyuan was dubbed “sales champion” last year – a distinction that the sales manager earned while focusing on the Russian market.

But it’s looking unlikely that she will repeat that success in 2022, as she has not received any new orders from clients this year, only four cancellations.

“Our total exports to Russia last year were US$9.4 million, and the year before they were US$10 million, but so far there have been none this year – just zero,” He said.

https://www.scmp.com/economy/china-...tual_scroll_0&pgtype=article&campaign=3178563
 
Russia's state rests on corruption, lies, lawlessness and coercion. Each has been laid bare by its forces in Ukraine.

Russia’s army is in a woeful state
The fiasco in Ukraine could be a reflection of a bad strategy or a poor fighting force
https://www.economist.com/briefing/how-deep-does-the-rot-in-the-russian-army-go/21808989

THE JOB of organising NATO’s biggest military exercise since the cold war kept Admiral James Foggo, then the commander of American naval forces in Europe and Africa, busy in the summer of 2018. Trident Juncture was to gather 50,000 personnel, 250 aircraft and 65 warships in the European Arctic in October. As logistically taxing as that sounds, it was small fry compared with what Russia was planning in Siberia in September. The Vostok exercises would be the biggest since the Soviet Union’s mammoth Zapad drills of 1981, boasted Sergei Shoigu, Russia’s defence minister: they would involve 300,000 troops, 1,000 aircraft and 80 warships.

This was a huge feat. “It was a big lift for us to get 50,000 people in the field,” recalled Admiral Foggo recently. “How did they do that?” The answer, he eventually realised, was that they did not do it. A company of troops (150 at most) at Vostok was counted as a battalion or even a regiment (closer to 1,000). Single warships were passed off as whole squadrons. This chicanery might have been a warning sign that not everything was as it seemed in the Russian armed forces, even before they got bogged down in the suburbs of Kyiv.

(More at above url)
 
The Putin bootlickers who are so happy with themselves to see the artificially propped up ruble go through the roof might want to bound their joy just a smidge.

There are games that can be played in the energy sector with purchasers who must find supplies somewhere- but those games are fatal to many other sectors of the economy.

The point being that the jacked up ruble is making many products-supplies unaffordable to a many purchasers- and at a time when they already trying to figure out whether they even want to purchase russian shit even where it is still legal for them. Not a good combination. But hey, Workers Paradise and all that. It goes with the Soviet mindset.

After 3 months of war, life in Russia has profoundly changed

In the early days of the war, the Russian ruble lost half its value. But government efforts to shore it up have actually raised its value to higher than its level before the invasion.

But in terms of economic activity, “that’s a completely different story,” said Chris Weafer, a veteran Russia economy analyst at Macro-Advisory.

“We see deterioration in the economy now across a broad range of sectors. Companies are warning that they’re running out of inventories of spare parts. A lot of companies put their workers on part time work and others are warning to them they have to shut down entirely. So there’s a real fear that unemployment will rise during the summer months, that there will be a big drop in consumption and retail sales and investment,” he told The Associated Press.

The comparatively strong ruble, however heartening it may seem, also poses problems for the national budget, Weafer said.

“They receive their revenue effectively in its foreign currency from the exporters and their payments are in rubles. So the stronger the ruble, then it means the less money that they actually have to spend," he said. “(That) also makes Russian exporters less competitive, because they’re more expensive on the world stage.”

https://abcnews.go.com/International/wireStory/months-war-life-russia-profoundly-changed-84904356
 
TreeFrogTrader said:
The Putin bootlickers who are so happy with themselves to see the artificially propped up ruble go through the roof might want to bound their joy just a smidge.

There are games that can be played in the energy sector with purchasers who must find supplies somewhere- but those games are fatal to many other sectors of the economy.

The point being that the jacked up ruble is making many products-supplies unaffordable to a many purchasers- and at a time when they already trying to figure out whether they even want to purchase russian shit even where it is still legal for them. Not a good combination. But hey, Workers Paradise and all that. It goes with the Soviet mindset.

After 3 months of war, life in Russia has profoundly changed

In the early days of the war, the Russian ruble lost half its value. But government efforts to shore it up have actually raised its value to higher than its level before the invasion.

But in terms of economic activity, “that’s a completely different story,” said Chris Weafer, a veteran Russia economy analyst at Macro-Advisory.

“We see deterioration in the economy now across a broad range of sectors. Companies are warning that they’re running out of inventories of spare parts. A lot of companies put their workers on part time work and others are warning to them they have to shut down entirely. So there’s a real fear that unemployment will rise during the summer months, that there will be a big drop in consumption and retail sales and investment,” he told The Associated Press.

The comparatively strong ruble, however heartening it may seem, also poses problems for the national budget, Weafer said.

“They receive their revenue effectively in its foreign currency from the exporters and their payments are in rubles. So the stronger the ruble, then it means the less money that they actually have to spend," he said. “(That) also makes Russian exporters less competitive, because they’re more expensive on the world stage.”

https://abcnews.go.com/International/wireStory/months-war-life-russia-profoundly-changed-84904356
More...

Putin's wish was to return Russia to the glory days of the USSR. Unfortunately for the Russian people, they've now got the 1970's long lines for everything and nothing works days of the USSR.
 
TreeFrogTrader said:
The Putin bootlickers who are so happy with themselves to see the artificially propped up ruble go through the roof might want to bound their joy just a smidge.

There are games that can be played in the energy sector with purchasers who must find supplies somewhere- but those games are fatal to many other sectors of the economy.

The point being that the jacked up ruble is making many products-supplies unaffordable to a many purchasers- and at a time when they already trying to figure out whether they even want to purchase russian shit even where it is still legal for them. Not a good combination. But hey, Workers Paradise and all that. It goes with the Soviet mindset.

After 3 months of war, life in Russia has profoundly changed

In the early days of the war, the Russian ruble lost half its value. But government efforts to shore it up have actually raised its value to higher than its level before the invasion.

But in terms of economic activity, “that’s a completely different story,” said Chris Weafer, a veteran Russia economy analyst at Macro-Advisory.

“We see deterioration in the economy now across a broad range of sectors. Companies are warning that they’re running out of inventories of spare parts. A lot of companies put their workers on part time work and others are warning to them they have to shut down entirely. So there’s a real fear that unemployment will rise during the summer months, that there will be a big drop in consumption and retail sales and investment,” he told The Associated Press.

The comparatively strong ruble, however heartening it may seem, also poses problems for the national budget, Weafer said.

“They receive their revenue effectively in its foreign currency from the exporters and their payments are in rubles. So the stronger the ruble, then it means the less money that they actually have to spend," he said. “(That) also makes Russian exporters less competitive, because they’re more expensive on the world stage.”

https://abcnews.go.com/International/wireStory/months-war-life-russia-profoundly-changed-84904356
More...

We are about 2 steps away from Russians trading their refrigerator for a starter for their car.

This is what will hurt. It’s just a matter of time until their stock of supplies depletes…

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