The Demolition of Russia's Economy

It is so predictable. Russia is swimming in Chinese money and nowhere to spend it. If the Russians were smart they would buy into the Chinese real estate market before it crashes and get a foothold with their excess remnibi. They could use it as leverage the later when chinese market buckles.

But all around the world it’s the same song, you need US dollars/Euros for much of the high end, high quality goods. Otherwise you’re just not a first world country.

https://asiatimes.com/2023/04/rmb-based-trade-hasnt-worked-out-for-moscow/
 
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The role of USD as the reserve currency is shrinking as never before (a direct result of draconian sanctions, which spook everybody in the World) and some idiots are worrying about the Russian economy.
 
ids said:
The role of USD as the reserve currency is shrinking as never before (a direct result of draconian sanctions, which spook everybody in the World) and some idiots are worrying about the Russian economy.
More...

Source? Lol, you have none.
 
ids said:
The role of USD as the reserve currency is shrinking as never before (a direct result of draconian sanctions, which spook everybody in the World) and some idiots are worrying about the Russian economy.
More...
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So much for Russia's ability to transport oil.

https://twitter.com/x/status/1649537073240584192

Full Text
U.S. hits Russia's "shadow fleet": largest oil carrier to India is deprived of international insurance

The shadow fleet of dozens of tankers, which transports Russian oil to Asia bypassing Western sanctions, was hit by the US sanctions. India-registered Gatik Ship Management, which became a major carrier of oil from Russia last year, has lost international insurance because of a violation of the "price cap" mechanism, Bloomberg reported, citing a source familiar with the situation.

The Mumbai-headquartered company, which nobody knew about until last year, assembled a fleet of 48 tankers with a combined capacity of more than 30 million barrels and worth $1.4 billion. Almost all of the vessels entered Russian ports and exported oil or oil products, a Vortexa analysis showed.
 
gwb-trading said:
So much for Russia's ability to transport oil.

https://twitter.com/x/status/1649537073240584192

Full Text
U.S. hits Russia's "shadow fleet": largest oil carrier to India is deprived of international insurance

The shadow fleet of dozens of tankers, which transports Russian oil to Asia bypassing Western sanctions, was hit by the US sanctions. India-registered Gatik Ship Management, which became a major carrier of oil from Russia last year, has lost international insurance because of a violation of the "price cap" mechanism, Bloomberg reported, citing a source familiar with the situation.

The Mumbai-headquartered company, which nobody knew about until last year, assembled a fleet of 48 tankers with a combined capacity of more than 30 million barrels and worth $1.4 billion. Almost all of the vessels entered Russian ports and exported oil or oil products, a Vortexa analysis showed.
More...


so when exctly Russian economy is going to collapse?
I'm tired waiting
 
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