Laurencio
Full Member
- Joined
- Jun 21, 2017
- Messages
- 3,447
Don't forget Russia is still running a deficit producing military equipment and state construction in order to keep the economy going, but a vast majority of the Russian economy is not looking good. People's living standards and investments are plummeting fast. They are keeping their economy afloat by pumping money into equipment that gets destroyed, importing electronics at a price well above market value to do so, and selling energy at below market value to China.
While their war machine are able to import just enough to keep the economy up, the rest of the Russian economy can't. That will shrink the Russian economy and make everything worse.
That isn't sustainable in the long run, especially if the energy prices drop as Europe's power network is expanded.
While their war machine are able to import just enough to keep the economy up, the rest of the Russian economy can't. That will shrink the Russian economy and make everything worse.
That isn't sustainable in the long run, especially if the energy prices drop as Europe's power network is expanded.