bend over, vladimir ...
and this is just the beginning.
china will take back the land that russia has stolen long ago.
etc.
The Demolition of Russia's Economy
- Thread starter gwb-trading
- Start date
bend over, vladimir ...
and this is just the beginning.
china will take back the land that russia has stolen long ago.
etc.
MSN: The Russian economy has overtaken Japan to become the fourth largest in the world in PPP terms (purchase power parity), according to revised data from the World Bank released at the start of June.
Russia had already overtook Germany to become the fifth biggest economy in adjusted terms. Hit by multiple shocks recently and cut off from cheap Russian gas, Germany is now stagnating and has fallen to sixth place in the World Bank’s ranking.
PPP GDP measurement is preferred by many economists, as it takes into account the difference between local prices and nominal prices similar to The Economist’s famous Big Mac inde> despair index has fallen to its lowest level ever this year – the sum of inflation, unemployment and poverty.
As a result of these changes, economists estimate that Russia’s growth potential has increased from 1-1.5% pre-war to around 3.5% now. Last year, Russia’s economic growth caught analysts off guard with a 3.6% expansion. This year the World Bank has already almost trebled its forecast for growth from 1.1% to 3.2%. Russia’s Economic Ministry is similarly bullish.
Even the World Bank’s PPP adjusted size of the economy may be an underestimate. The World Bank also estimates that 39% of Russia’s economy is in the shadows, while the shadow economy only makes up 10% of Japan’s economy, which would add an additional $2.5 trillion to Russia’s $6.4 trillion PPP adjusted economic size – still not enough to overtake India’s $14.6 trillion PPP adjusted GDP value, but widening the gap with Japan further.
https://www.msn.com/en-us/money/com...economy-in-the-world-in-ppp-terms/ar-BB1nCnto
Russia had already overtook Germany to become the fifth biggest economy in adjusted terms. Hit by multiple shocks recently and cut off from cheap Russian gas, Germany is now stagnating and has fallen to sixth place in the World Bank’s ranking.
PPP GDP measurement is preferred by many economists, as it takes into account the difference between local prices and nominal prices similar to The Economist’s famous Big Mac inde> despair index has fallen to its lowest level ever this year – the sum of inflation, unemployment and poverty.
As a result of these changes, economists estimate that Russia’s growth potential has increased from 1-1.5% pre-war to around 3.5% now. Last year, Russia’s economic growth caught analysts off guard with a 3.6% expansion. This year the World Bank has already almost trebled its forecast for growth from 1.1% to 3.2%. Russia’s Economic Ministry is similarly bullish.
Even the World Bank’s PPP adjusted size of the economy may be an underestimate. The World Bank also estimates that 39% of Russia’s economy is in the shadows, while the shadow economy only makes up 10% of Japan’s economy, which would add an additional $2.5 trillion to Russia’s $6.4 trillion PPP adjusted economic size – still not enough to overtake India’s $14.6 trillion PPP adjusted GDP value, but widening the gap with Japan further.
https://www.msn.com/en-us/money/com...economy-in-the-world-in-ppp-terms/ar-BB1nCnto
This thread needs to renamed: "Demolition of Germany's economy"
"Germany is now stagnating and has fallen to sixth place in the World Bank’s ranking"
"Germany is now stagnating and has fallen to sixth place in the World Bank’s ranking"
Russia economy on the brink after China snubs gas pipeline deal in major blow for Putin
Putin is desperate to find new buyers for Russian gas after Europe turned off the supply following the outbreak of war in Ukraine.
https://www.express.co.uk/news/world/1906660/russia-gas-pipeline-china-putin-xi-jinping
Putin is desperate to find new buyers for Russian gas after Europe turned off the supply following the outbreak of war in Ukraine.
https://www.express.co.uk/news/world/1906660/russia-gas-pipeline-china-putin-xi-jinping
The new sanctions also targets every Chinese firm selling dual use items to Russia.
China will shortly have a choice -- lose all trade with western countries which account for a large majority of their exports or to trade with Russia which accounts for a minuscule 3.3 percent of their exports.
US widens sanctions on Russia to discourage countries such as China from doing business with Moscow
https://apnews.com/article/russia-s...e-g7-ukraine-01aa2fcfab22a5e37c51a134e9f65c57
China will shortly have a choice -- lose all trade with western countries which account for a large majority of their exports or to trade with Russia which accounts for a minuscule 3.3 percent of their exports.
US widens sanctions on Russia to discourage countries such as China from doing business with Moscow
https://apnews.com/article/russia-s...e-g7-ukraine-01aa2fcfab22a5e37c51a134e9f65c57
It is different than Trump's gas problem.
Putin Has a Gas Problem
https://www.newsweek.com/russian-economy-putin-gas-gazprom-problem-ukraine-1911776
The bad news for Gazprom is flowing as freely as the fuel it once pumped to Europe after it was ordered to pay €13bn ($14bn) for failing to fulfill natural gas orders, delivering the latest blow to Vladimir Putin's major revenue generator.
The Russian energy giant is one of the big business losers of Putin's full-scale invasion of Ukraine. It posted its first loss in a quarter of a century while facing a stalled pipeline to China as it struggles to find new markets for its products.
On Wednesday, German energy company Uniper announced it had terminated its long-term gas supply contracts with Gazprom Export, after an arbitration hearing in which Gazprom was accused of disrupting supplies following Putin's invasion.
Two days earlier, Gazprom's annual report had said its natural gas production had been cut from 412.94 billion cubic meters (bcm) in 2022 to 359 billion cubic meters (bcm) in 2023—a decline of 13 percent.
It means that last year's production is nearly a third less than its prewar production of 515 bcm in 2021, with Reuters reporting that this is the lowest since it was set up in 1989 toward the end of the Soviet Union.
In May, Gazprom Group, which includes oil and power businesses, posted a net loss of 629 billion rubles ($7 billion) for 2023, its first annual loss since 1999, according to Reuters, marking its fall from the world's largest publicly listed natural gas company.
Before the war, Gazprom provided around seven percent share of Russia's federal budget in 2021, but in 2023 it was estimated to be only about half that, dealing a blow to Putin's ability to fund the war and his long-term economic plans.
"Gazprom is in a very difficult position," said Henning Gloystein, director of energy, climate and resources at the Eurasia Group, a political risk consultancy. "Europe gas sales used to be by far the biggest source of revenue for Gazprom."
"Russia's invasion of Ukraine and the subsequent pipeline supply cuts deprived Gazprom of those sales, and there's no quick and easy way to replace them," he told Newsweek.
(Much more at above url)
Putin Has a Gas Problem
https://www.newsweek.com/russian-economy-putin-gas-gazprom-problem-ukraine-1911776
The bad news for Gazprom is flowing as freely as the fuel it once pumped to Europe after it was ordered to pay €13bn ($14bn) for failing to fulfill natural gas orders, delivering the latest blow to Vladimir Putin's major revenue generator.
The Russian energy giant is one of the big business losers of Putin's full-scale invasion of Ukraine. It posted its first loss in a quarter of a century while facing a stalled pipeline to China as it struggles to find new markets for its products.
On Wednesday, German energy company Uniper announced it had terminated its long-term gas supply contracts with Gazprom Export, after an arbitration hearing in which Gazprom was accused of disrupting supplies following Putin's invasion.
Two days earlier, Gazprom's annual report had said its natural gas production had been cut from 412.94 billion cubic meters (bcm) in 2022 to 359 billion cubic meters (bcm) in 2023—a decline of 13 percent.
It means that last year's production is nearly a third less than its prewar production of 515 bcm in 2021, with Reuters reporting that this is the lowest since it was set up in 1989 toward the end of the Soviet Union.
In May, Gazprom Group, which includes oil and power businesses, posted a net loss of 629 billion rubles ($7 billion) for 2023, its first annual loss since 1999, according to Reuters, marking its fall from the world's largest publicly listed natural gas company.
Before the war, Gazprom provided around seven percent share of Russia's federal budget in 2021, but in 2023 it was estimated to be only about half that, dealing a blow to Putin's ability to fund the war and his long-term economic plans.
"Gazprom is in a very difficult position," said Henning Gloystein, director of energy, climate and resources at the Eurasia Group, a political risk consultancy. "Europe gas sales used to be by far the biggest source of revenue for Gazprom."
"Russia's invasion of Ukraine and the subsequent pipeline supply cuts deprived Gazprom of those sales, and there's no quick and easy way to replace them," he told Newsweek.
(Much more at above url)
why did/does anyone in oh-so-great russia ever need us-$ ?
Because the ruble is f@cking worthless. Very few countries outside of Russia will even accept it.
madvlad should forbid $$$ in russia!