The Demolition of Russia's Economy

TreeFrogTrader said:
So far anyway. Subject to change.

Otherwise, yuan getting around plenty these days. MORE TO COME.
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Theres lots and lots yuan in Moscow right now but that only gets them into the Chinese market which does not compare to the US /Euro market. Sure you can buy whatever is in China but you get Chinese quality and supplies are limited. The Russians are unable to exchange money at any significant rate so right now so they are basically a cash in cash out business. Dollars and Euros spend everywhere and run the global market.

The Russians doing direct trade with China and India will not fulfill their needs amd the logistics of China/India to Russia is a headache.
 
exGOPer said:
New York Times: “This is a different kind of exodus — tens of thousands of young, urban, multilingual professionals who are able to work remotely from almost anywhere, many of them in information technology or freelancers in creative industries.”

“Russia is hemorrhaging outward-looking young professionals who were part of a global economy that has largely cut off their country.”
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As mentioned by others in this thread (and other threads).... the exodus of the IT workers is particularly concerning for Russia.

Russia’s Big Brain Drain: IT Workers Are “Grabbing Their Things And Literally Driving to Kazakhstan” To Escape Sanctions
https://techthelead.com/russias-big...ly-driving-to-kazakhstan-to-escape-sanctions/
 
Fun info: apparently there are enough spare parts stockpiled in Russia for about a month of maintenance on building elevators. Afterwards, as they start failing, repairs will become pretty sparse. Of course, Russian propagandists will jump on that, claiming that it will just make the population much healthier :)
 
terr said:
Fun info: apparently there are enough spare parts stockpiled in Russia for about a month of maintenance on building elevators. Afterwards, as they start failing, repairs will become pretty sparse. Of course, Russian propagandists will jump on that, claiming that it will just make the population much healthier :)
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Grandma Ludmila living on the 17th floor of the old Soviet Brezhnevka will not be happy about this. Health be damned, she wants more vodka now!
 
terr said:
Russian propagandists will jump on that, claiming that it will just make the population much healthier :)
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Just like in Ukraine I suppose, the Russians are compassionately lowering all the high-rises to the just one floor to make them more accessible to the elderly and handicapped.

That theory needs a little work.
 
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