The Economist, a rabidly anti-Putin publication, admits useless sanctions have totally failed

General
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Musito Putin is a genius buana. Mother Russia, the most sanctioned country on earth, is standing strong.

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[I]The Russian economy has largely shrugged off “unprecedented sanctions” from the West, The Economist noted, crediting the sharp rise in revenues from oil and gas exports. Russian consumer spending is up again, interest rates are going down, and the ruble is stronger than before the conflict in Ukraine escalated.

“Russia’s economy is back on its feet,” the British weekly pointed out on Friday, adding that it was “defying predictions of collapse” as a result of embargoes imposed by the US and its allies.

The ruble is now “as valuable” as before, says The Economist, on account of “capital controls and high interest rates.” As of Friday, the Russian currency was actually stronger than before the conflict – 65.8 to the US dollar, compared to 81 on February 23. Russia is also continuing to pay its foreign-currency bonds, despite US and UK attempts to force it into a default.

Russians are spending “fairly freely” on cafés, bars and restaurants once again, according to numbers from Sberbank, Russia’s largest bank. The Russian central bank lowered the key interest rate from 17% to 14% in late April. Predictions that Russia’s GDP will decline up to 15% this year are “starting to look pessimistic,” notes The Economist.[/I]

[I]Sanctions announced by the US and its allies after Moscow sent troops into Ukraine were intended to “degrade [Russia’s] industrial capacity for years to come,” according to US president Joe Biden’s words. Biden also vowed to “take robust action to make sure the pain of our sanctions is targeted at the Russian economy, not ours.”

Since then, the US has registered the highest annualized inflation increase since 1981, a quarter of negative GDP, and skyrocketing gas prices – which Biden blamed on Russian President Vladimir Putin.

Meanwhile, according to The Economist, Russia has exported at least $65 billion worth of oil and gas, with government revenues from hydrocarbons rising over 80% year-on-year in the first quarter of 2022.[/I]

Russia’s economy is back on its feet

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You really think sanction effects begin to show within 2-3 months.

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Ah yes, we should wait a few years. Biden once claimed the ruble had turned into rubble. So a tumbling Russian currency was a sign that the sanctions were working immediately, but a stronger ruble isn’t a sign that Russia is withstanding the sanctions? Heneway, enlighten me Mr Economist, when should we expect the sanctions to really start working?

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Read a book my friend. Start with ‘The Economic Weapon’ about a history of sanctions. Then you’ll understand the timelines

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This comment is about as useful as a condom on a flaccid penis. Either you share your thoughts or join other women in posting Mother’s Day wishes on social media.

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Guka Biden and his clique of homosexuals and transvestites are having a miserable time in the white house. They thought they were applying pressure lakini ni mnyambo kwa upepo.

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They were never meant to work, it’s all about using inflation as a tool to siphon wealth from the masses and keeping pressure on the masses.With every crisis,the central banks get an excuse to inflate even further

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I will give u an example of Iran. [ATTACH=full]437415[/ATTACH]

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Is Iran responsible for 10% of global energy exports? When sanctions were implemented on Iran, did Europe and the US witness inflation and price increases? You’re comparing apples and oranges.

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What the sanction did they pegged the Russian ruble to the natural resources. The fiat dollar is pegged on homosexuality. That a mere paper tomba benji.

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As long as their GDP contracts this year, I’ll count that as a win. Hizi vitu zingine nazipea 2 years maximum.

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:D:D:D:D:D

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