The Demolition of Russia's Economy

Think many that believed the old line that sanctions don't work looked how they were implemented against South Africa (diamonds are easy to smuggle) and Cuba (a self-contained dictator-run semi-impoverished island which USSR subsidized for decades) and North Korea (same except not an island but even more impoverished that China sorta subsides).

Russia was living La Vida Loca, relatively speaking, until Putin's War.

"I want my MTV .... and TP"
 
gwb-trading said:
Major Russian firm on the brink despite not being sanctioned as Putin faces collapse
ONE of Russia's largest mining firms has been thrown into disarray despite not even being directly sanctioned as disruption ripples through the country's corporate world.
https://www.express.co.uk/finance/c...-firm-brink-not-sanctioned-ukraine-war-latest
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How much a Big Mac costing in Moscow these days?

Oh wait........my bad.


:cool:



Burgernomics
The Big Mac index

https://www.economist.com/big-mac-index

Our interactive currency comparison tool
 
TreeFrogTrader said:
Looks like Russia is having a passage of time problem. Maybe Kamala can advise on that, "Passage of time". It's a thing I guess.
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"Problems may arise even when there is a production with a high degree of localisation, when there has already been a fairly high import substitution," Nabiullina said.

For example, she said, Russia produces its own paper but uses foreign bleaching agents, or urgently needs foreign-made packing materials for food stuff produced in Russia.

"It all takes time," she said.


https://www.reuters.com/business/fi...warns-structural-economic-changes-2022-04-21/
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Boiling a frog takes time too.
 
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