Thread 514893918

Every time I try to learn about Russia's economy I am mating press raped by Infowar propaganda. Russia is either a corrupt shithole on the verge of collapse or a rapidly growing chad nation immune to debt and the wall street banker cabal. I just want to know, objectively, how Russias economy and banking system works

>>514893918 (OP)
The answer, as usual, is somewhere in the middle. They're doing well considering they're playing with a handicap

>>514893918 (OP)
trade with china is like 10% of their gdp

>>514893918 (OP)
It's fine. There is growth but it's mainly because 90s were a complete disaster. We won't collapse but we won't become ultra-rich either

>>514893918 (OP)
Russia is a semi-autarky. It is probably the closets thing to an autarky that exists today, at least one that is industrialized. Russia only has 145 million people, so it can't produce by itself every technology, certainly not to the state of the art level, but what it doesn't produce itself, it gets from China or by smuggling via CIS countries. Which works well enough; China produces almost everything between heaven and earth, and what few gaps remain are being quickly filled.

They created their own SWIFT replacement years ago, called SPFS. They also created their own payment system (Mir), etc. They spent many years preparing for sanctions.

>>514894273
What about the banking system? Is it easy to get loans to start a business? Is there a welfare system? I literally don't know where to learn this Google just gives me news articles about how Russia is going to implode

>>514894273

If Ukies manage to destroy your all oil refineries you might have used to drive bicycle.

>>514893918 (OP)
Why do you care? Putin still meets the small hat people.

>>514894557
>What about the banking system? Is it easy to get loans to start a business? Is there a welfare system?
I don't have much authority to talk about this. It's possible to get loans but it's pretty awful as far as I know. Welfare depends on the person and place. Individual businesses seem to be doing quite well, perhaps even better than ever because there is no competition with big western brands and franchises
>>514894634
There is no need for that, we have quite good public transport.
I also think it's hilarious how Ukrainians are bombing a completely strategically irrelevant target just because it burns well and looks good on the news. They would need literally decades of such drone attacks to inflict any damage on the economy.

Okay but whats this? Stop acting like either side wants us to have cheaper beef. Or cheaper anything for that matter. This is why I'm only voting for actual white nationalists from now on. Both sides want to flood my country with shitskins. Both sides want me to support Israel/jews. I choose neither.

>>514894854

Okay so the fact the entire global financial system is trying to destroy Russia and strangle it means nothing I guess. Oh and all the whistleblowers in the US military and government who say the deep state neocons are all Jewish schizos who have a race hate for Russians and want revenge on them for pogroms mean nothing then. Putin shook hands with a Rabbi so that means ZOG doesn't actually want to burn Russia to the ground. Okay I believe you

>>514893918 (OP)
It's pretty simple. Russia has a very resource extraction based economy. ~70% of its exports are petrochemicals and almost all of the remaining 30% are other raw resources, or low value added second tier resources like seed oils or steel. Prices of commodities are dependent on global demand.

Russia's economy has been kept afloat using various central bank tricks such as skyhigh interest rates. For example when the ruble was crashing due to Russia being decoupled from global trade, resulting in less goods, but the same demand for goods they jacked interest up to like 20%. People seeing this spend less money and save more money, so less money is actively in the market chasing that smaller supply of goods which tamps down inflation. But of course someday this money will come back into the system, similar to how the lockdowns harshly cut consumption and when they ended there was excess capital chasing fewer goods, creating inflation.

>>514894201
This is true but global conditions are going to get significantly worse for Russia if the USA's tariff rollercoaster puts it into recession, which seems very likely at this point. US recessions usually become global recessions and global recessions crater the price of energy. Russian budgetary assumptions are already based on a higher oil price than what currently exists.

Russia is a large country with a lot of resources but the late/post-soviet deindustrialization was never really undone so it remains highly dependent on imports from the globe for most high value added goods. They either need to get them from China or sanctions bust western imports via Kazakhstan or Azerbaijan.

>>514893918 (OP)
Russia cannot be known by the mind / Nor measured by the common mile: / Her status is unique, without kind – / Russia can only be believed in.

Kukk

>>514894201
A lot of countries are benefiting from the restrictions. Most of India and SEA are happy to buy their shit, most importantly cutprice oil under the table while paying lip service to the west.
I've got a few Russian friends from Moscow living over in Asia and they say it's completely fucked and aren't ever planning to go back. It's funny going out and random people start asking "so where are you all from?" while we have 3 Ruskies and 2 Ukrainians in the group,
They all get along really well though, other people's problems lol

>>514893918 (OP)
>how Russias economy and banking system works
I assume it's like everywhere else. However, they're currently reverting to Soviet times, which is destroying their economy. Pic semi-random.

>>514895193
>telling me what temp I need to cook to
This is CA isn't it?
My digestive system can handle that shit raw