Steve Rattner: U.S. sanctions against Russia have not accomplished much
Vložit
- čas přidán 21. 02. 2024
- As the United States contemplates providing further aid to Ukraine and also considers further sanctions against Russia, it should consider the surprisingly robust state of the Russian economy and what effect it has on Russia’s ability to maintain its war against its neighbor to the west, says Morning Joe economic analyst Steve Rattner.
» Subscribe to MSNBC: / msnbc
Follow MSNBC Show Blogs
MaddowBlog: www.msnbc.com/maddowblog
ReidOut Blog: www.msnbc.com/reidoutblog
MSNBC delivers breaking news, in-depth analysis of politics headlines, as well as commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Morning Joe, The Beat with Ari Melber, Deadline: White House, The ReidOut, All In, Last Word, 11th Hour, and Alex Wagner who brings her breadth of reporting experience to MSNBC primetime. Watch “Alex Wagner Tonight” Tuesday through Friday at 9pm Eastern.
Connect with MSNBC Online
Visit msnbc.com: www.msnbc.com/
Subscribe to the MSNBC Daily Newsletter: link.msnbc.com/join/5ck/msnbc...
Find MSNBC on Facebook: / msnbc
Follow MSNBC on Twitter: / msnbc
Follow MSNBC on Instagram: / msnbc
Steve Rattner: U.S. sanctions against Russia have not accomplished much
#Russia #WorldNews #Ukraine
“Not accomplished much”.
It has helped them build other relationships, while we have been losing relationships over our nonstop support of foreign wars.
Russia has made more enemies and their top partners have largely remained neutral. Their main support is coming from Iran and NK. Meanwhile, Putin commits atrocities against Russian soldiers in Ukraine, and against Russian civilians at home. The sooner Ukraine wins and Putin is deposed, the better it is for Russia.
Why do Russian bots like you cry so much about the senctions then? Account from 2022. Ivan cope harder.
Saudi Arabia buying Russian oil for cheaper and selling it at OPEC prices 😂😂😂😂
Whatever as long as Russia gets paid less.
@@mariajones8304 they selling lot more oil. They making a fortune and can fund the war in Ukraine, without funding from anyone else, unlike Ukrain e that needs money from the US cabal.
@@mariajones8304they get paid the same dummy its the rest of the world that pays more.
@@mariajones8304you're not very smart are you....
@@mariajones8304They don't you ninny 🐑
Russia now the 5th largest economy, sweeping past Germany.
According to your figures Ivan?
@@robertmiskey5502did you even watch the video?
@robertmiskey5502 are you this uninformed?
Looking at GDP in PPP (purchasing power parity) terms removes price level differences and allows a better comparison, especially of living standards, between countries. In these terms Russia has just overtaken Germany to become the fifth wealthiest economy in the world and the largest in Europe, worth $5.3 trillion.07 Aug 2023
Russia always lies. Russian prOstitues are numerous but also cheap. By the way I would recommend you to to something similar as this work is more dignifying then being a Russian bot.
Insanity Is Doing the Same Thing Over and Over Again and Expecting Different Results
Where the same country who fought 20 1 year wars in Afghanistan so….
That's what we call being a democrat
@@tre655No it is a Republican who keep supporting Trump as they continue to lose. Lost in 2017, 2018, 2019, 2020, 2021, 2022, and 2023 but you are still running Trump in 2024. The Republicans went from holding the White House, Senate, and House to barely clinging on to the House by a small hand full of votes.
Wait, you mean the United States ISN'T the only economy on Earth? No way!?
US still buys billions in nuclear fuels from Russia 😂😂
Zero, liar. Russian nuclear plants don't even work.
Shhhhhh..... 😎
dont tell anyone..
Russian economy is keep growing every second
You live in a fatal dreamworld! Time to wake up and face reality!
Russia’s economy is trash. You people have zero understanding of economics.
@@wernerschiefer3742 Listen to Russia. Russia said they planned this. They thought of every Sanction they could get and Russia fortified themselves to handle the Sanctions. Now Biden got Russia to deal with India and China. America is not needed.
@@wernerschiefer3742even the state approved propaganda is finally admitting the truth. Go get boosted 😊
@wernerschiefer3742 your attempt to deny the truth isn't a good look for you.
It accomplished plenty! Joe gets to put on his leather jacket and aviators and say “gurgle mumble tough on Russia mumble mumble!”
Put the Kool-aid down and back away from the keyboard, fool..you are a perfect example of why tRump loves the under educated..😅
It seems Russia is a well developed country.
That loses over 300,000 troops in 2yrs? 🤡 Yeah they're winners alright! 😘😘🤣🤣🤣
@@sahb4049 I don’t follow the news so I’m not up-to-date. I didn’t know they lost 300,000 troops in the Ukrainian war. I heard yesterday that Ukraine has lost only 31,000. That’s an impressive ratio. I still think Russia is well developed country.
@@onethousandtwonortheast8848 Ok, not sure by what you mean by well developed exactly. The problem with what they've gotten themselves into is now all the really well trained
guys are dead. And Russia is a VERY
Corrupt country with a national alcoholism rate of 17% for males.
In other words, they have a drunk army. They are in major trouble, believe it.
@@sahb4049 Ok.
@@onethousandtwonortheast8848 😉😉
HELPING OUR INDUSTRY???
IT'S CALLED MONEY LAUNDERING!!!
He should have just set Navalny up, indicted him 91 times, bogged him down with lawsuits, ruin his reputation, confiscated his assets, and restricted him from earning more.
Put the Kool-aid down and back away from the keyboard, fool.. you are a perfect example of why tRump loves the under educated..😅
That would be UnAmerican 😂
Your comment is right on.
@@edpeterson2293 Why do you put that emoji at the end of everything you write? Do you not even take yourself seriously?
Seriously, the J'ish lawfare in this country is appalling.
This guy cares about citizens from Ukraine, while ignoring thousands of citizens dying in Gaza
The difference between terrorist and innocent civilians.
Russia invaded the Ukraine. Hamas from Gaza invaded Israel. There is a bit of a difference.
@@Methne555 You conveniently leave out how Russian speaking. Ukrainians were being slaughtered in Donbas for the fourteen years before the Russian invasion. People make excuses for Israel's genocide. But forget why Russia went into Ukraine in the first place. Or maybe they never knew.
@matthewhuszarik4173 wait so your saying if I am white skin and Christian I am innocent. But if I am brown skin and Muslim, I am a terrorist. Just want to know if all Americans are this racists or if there's actually good people in America?
@matthewhuszarik4173 The russian speaking ukrainians in the donbas would disagree with your notion about terrorism. They have been slaughtered for the past fourteen plus years. You should really read more before you comment.
6 billion dollars is no small amount. Just imagine how much that could do to help the homelessness in the United States. Not to mention, secure our own borders. Use that money here to find a cure for cancer. 6 billion would go a long way to fix our infrastructure.
You pay squat in taxes anyway.
Russian oil is only 5% Indian imports and they have been selling oil to European countries. Rattner saying India doesn't care about Ukraine people what a pathetic fool India doesn't advertise but they were giving Ukraine medical help in ship loads.
Their economy has grown by I think 3.5%, looks like it did well for them....
Go Russia 🇷🇺
Just wander how bad these sanctions are going to hurt us and help Russia this time.
Senility is about repeating the same mistakes hoping to become younger. Biden stop this nonsense.
People nowdays forget that russia is an old civilization just like china. They are existed before west and US born
Meanwhile, Russian economy is growing better than G7 countries and it is predicted it will do so in 2024 (Source: IMF)
There probably doing better then the USA
Looking at GDP in PPP (purchasing power parity) terms removes price level differences and allows a better comparison, especially of living standards, between countries. In these terms Russia has just overtaken Germany to become the fifth wealthiest economy in the world and the largest in Europe, worth $5.3 trillion.07 Aug 2023
Why is this even news ?... anyone could have told you this is common knowledge
Stop sanctions already
US response is an embarrassment. I’m truly ashamed. We guaranteed security to Ukraine in 1994 in exchange for them giving up billions in nuclear weapons. Again, I’m ashamed.
It's called the Budapest memorandum, not the Budapest security guarantee. The US has been clear that it was not a security guarantee. And Ukraine knew that at the time when they signed it. The US government has said this many times.
Think about it. There was no Zelensky back then. Ukraine was way more corrupt and closer to Russia. Why would we guarantee we'd give them security to Ukraine which was part of a former enemy, the Soviet Union? We were trying to wrap up the end of the Soviet Union and make sure the nukes were in one place, not end up with mini Soviet Unions challenging us.
Sorry, I have followed and analyzed the Russian economy. The Russian economy crashed 45% with sanctions and now there is a 2% bump that is not a recovery. These guys should fired, they don't know what they are talking about.
@@jmhorangeso thats why US decided not to give Ukraine any ammo to save the Ukrainian nation and culture from extermination. 😢
Nukes belonged to Russia, not Ukraine.
If Texas leaves US, it doesn’t mean they are entitled to everything the country owns.
Use your brain dummy.
@@jmhorange It was absolutely a security guarantee; it literally guaranteed the territorial integrity of Ukraine by the USA, the UK and by Russia. And that is why Ukraine gave up their nuclear weapons. The UK and the USA are still on the hook if push comes to shove. Right now both western countries are contributing money and weapons to Ukraine to help reestablish Ukraine's territorial integrity.
It accomplished exactly what the Democrats wanted; the working middle-class suffered and became poorer.
Bunch of hypocrites 🙄
We need to save democracy by banning people from the ballot and only allowing candidates that the Establishment and ruling class allow us to vote for. 😂😅
Also the opposition party candidate MUST be vetted, approved, and cleared by MSNBC before continuing to run for election.
All we need to do is vote for the candidates who tell the fewest lies. Catch is, they're the ones who make the fewest wonderful promises.
@@marksnow7569Well I'm pretty sure Biden accomplished zero of his promises
@@tre655Did you know there's actually a website called the "Biden Promise Tracker"?!Fun for all the family.
Russia shows middle finger 🖕 to all NATO countries and irony is that like the countries thise who sanctions Russia now are in recession… Germany and UK 😂😂😂😂
Wow actual facts, I'm not used to this coming from MSNBC👏. Next thing you know they will start being honest about who's responsible for the majority of gun violence in the US. Cheers and well done MSNBC! 🎉😂
Its amazing how honest Rattner can be when hes talking about the Russian economy but he cant figure out why people are unhappy about inflation here in America?
That is because trump gave away a ton of money during COVID. You get inflation. Plus everyone were on Medicaid until recently.
Zielinski is a grifter.
How can he claim to know what the sanctions intend ?? Its maybe mostly to shift domestic internal markets away from the sanctioned
Russia like "keep em coming"
Not accomplished much,
Yup
US President Barack Obama said in 2015 that thanks to the US, the Russian economy was “torn to shreds.” Apparently because of this, Russia has turned from the sixth economy in the world, taking into account PPP, into the fourth, according to the World Bank.
Russia has overtaken the United States, the EU and even China in terms of economic growth.
At the end of the first quarter of 2024, Russia's GDP grew by an incredible 5.4%. For comparison, the US economy grew by 1.6%, the European Union is hanging around 0%, and even China showed only +5.3%.
Skeptics are trying to prove that this growth is associated only with an increase in arms production. In fact, retail trade turnover increased by 10.5%, paid services to the population increased by 5.4%, and construction by 3.5%. Unemployment dropped to 2.7%, real wages increased by 10.8%. All figures are given after subtracting inflation.
But after the announcement of sanctions, someone seriously expected the collapse of the Russian economy and almost mass famine in the country...
The Central Bank's business climate indicator rose to 13.2 points in May. This is the best May since 2013 and the second best May since 2008 (in 16 years).
Palestinians are dying as well
Actually it did a lot to help the ruble it seems.
Interest rates are 16% in Putin's Russia.
19-20%
Same in America they just hide it by redefinition
@@dingus6317 Nonsense! It's 5,5% !!!!
@@dingus6317lmao, interest vs inflation my guy.
@@JunkerOnDrumsliar.
But the Russian people are not doing as well. Quality of life is harder
You go Putin you are a better man than Biden
Tell Zelensky to stop begging like an orphan, and put the weapons down.
When you have no moral ground left in the world, sanctions on others right or wrong , decreases in moral standing !
Finally some news with charts
Who is this Ratner and his peacetime metrics?
Giving them billions of taxpayer money, then having them buy more weapons from mega war corporations with that money, but it is actually beneficial to taxpayers.... Makes lot of sense, if you are incapable of minimal thought process.
I like the government policies before Biden.
That's because not all the country is under sanctions. Many oligarchs have not been affected
US thinks it has power, maybe only in your country, but not much outside
To defeat China, U.S. must ally with Russia and India and isolate China. US needs to urgently move production out of China into India and other smaller countries like Vietnam. Dependency on China will prove to be fatal for EU and U.S.
They are already dependent on China. It’s a matter of time
When US talking like we care for civilians i start to look for a back door out of a room
Why doesn't this surprise anyone!!!!
One word Russian "Shovels"
The long term effects will be disastrous
But I thought russia was just a big gass station and would collapse? Amarican propaganda at work😂
Pointing out US money laundering through defense contracts at minute: 4:40 is quite helpful. 👍
Saying as someone who hides in Portugal from the paying taxes. You have an eye for criminal activities as a financial criminal yourself. ;-)
@@captainchaoscow 👉😎👉
Now comment on the countries ditching the dollar
All part of Biden's genius Bidenomic plan
lies lies and more lies
1:27 Notice the newscaster STANDS IN FRONT of the good part of the graph as if to keep it out of sight.
Potatoe Joe ....
If something doesn't work ,
Do it again ,
And again ,
And again !
Vote Blue Wave Baby 😂
We are ranked 6th in GDP, 1st in military and 1st in financial in giving to Ukraine what else do they need
All this does is hurt the Russia people putin is still living in luxury with his family and they’re not going to suffer.
And this is being reported on MSNBC
Mr. Rattner is the voice of the business community. He states that sanctions are not working. He implies we should stop, and whispers that businesses should be able to return to their profitable Russian deals.
No! He implies that we are not doing enough and we should be doing more or try different things. Where does he imply that we should stop??? He is just showing numbers here. Like for example we have capacity to pump a lot more oil. Then why don’t we replace Russian oil with ours? Our problem is Greenpeace.
Shame on him! His report is missleading!
I disagree. Rattner is a numbers man, and speaks to the numbers. He doesn't just make stuff up and expect everybody to believe it, like many others.
So, what kind of numbers is he using if you can't work with numers generated by Russia. He is not the only one using data provided by Russia!!!@@cecilelaforce3686
My granddad's and my brother's name is Willie. Heh. That's a funny name.
4:31 - Yeah, what he fails to hone in on is that the fact who is paying for that;
A - You pay taxes, that the government then spends on whatever else (military, infrastructure, medical, etc)
B - Now they want to use that taxpayer money (and really all money the government has is that, minus obviously nationalized industries and government owned entities, etc) to replace older equipment US military equipment that is being sent to Ukraine (and actually, even newer equipment now).
C - And finally the argument is that these industries will now create jobs. So, in a sense you are going to see your own taxpayer money again or money from your own government (I mean really what he says around 2:16 is helping the Russian economy). The US is paying for this.
The big caveat here is that in WW2 for example, this war really good for the US economy (because Britain was actually paying for it, ie capital inflow), this time round the US and US citizens are paying for this (and yes, the cycling of money within the US economy will create jobs), but Ukraine can't pay for this. This is charity and it is being given away to be fired on some field somewhere.
Normally if it was spent on infrastructure or medical, the US citizens would've had their livelihood improved (ironically the same argument I'm making now was made against Russia a while back, when defense spending was increased in Russia; "Yeah, it's helping Russians with work, but their livelihood aren't being improved." etc, but now because we're talking Western industry, and suddenly the calculus changes yet again. 1 + 1 should always be 2, not sometimes 3 because it suits the narrative.)
Now i hope you guys got idea why Putin want Biden vs trump...it's a plus for Russia if Biden stay but it will slow down American in a long run.
is time for peace
Steve Rattner!
BOYCOTT RUSSIAN VODKA
Just drink Polish, Ukrainian or Scandinavian Vodka
Or American! Tito's is great despite that it's trendy, plus they support pets and animal shelters!
We saw the moscovite Tucker Carlson in that supermarket, I'd rather prefer to see him in an empty mom and pop store saying the sanctions are hurting them on MSNBC. ,(•‿•).
Carlson has become worldwide after the interview...leaving behind myopic USA media lunas
You really need to go touch some grass.
I'm not comfortable with you saying the Indian people are "at ease" with Ukrainian people dying rather than not buying oil from Russia. Our governments are ignoring global warming and continuing to support the fossil fuels industries. Consequently, societies like India's have to buy crude oil. Having about 1/2 the GDP per capital as their primary Asian opponent, China, they have to reduce national costs by buying crude oil from the cheapest supplier. As a retired engineer (Canadian) from the energy field, I faxed 8 federal government departments and 7 Provincial department, 20 years ago, outlining how to mitigate global warming and they have done next to nothing to address the problem. And my solution would indeed work. My view today is that our elected officials are corrupt due to the money available from the fossil fuels industry since it is the largest business revenue wise, in the world.
I remember when Saudi Arabia refused to support the West in oil prices to hurt Russia, an American official said, "We overlooked the slaughter of an American resident journalist, we overlooked their war in Yemen, we overlooked the massive human rights abuses in their country, because we believed when push came to shove, they'd support us over Russia. How dare they?"
Every country looks out for its own interest and what it can get from other countries. India works with Russia, the US works with the Saudis. If anything, it's hard to say Indians are at ease with Ukrainian people dying because...India is not involved in the war, they are just buying oil from a country. We try to play these morality games, but the world is not involved in the Ukraine war, only the West. And looking at what's happening in Gaza and the pitiful American response and abuse of its veto, it's pretty clear most of the world is not interested in helping the US or Russia. Both countries flaunt the international rules when they don't serve them and then complain and play the morality game when other countries do so. For a country like India, it's best to ignore both the US and Russia, just do your own thing and let the big powers figure it out. No good can come of taking a side.
Oil is also currently the best source of energy in terms of energy used vs. energy gained. That's why everything will eventually pivot back to oil. "Green" energy production is not sustainable. You can't charge a car or heat a house around the year efficiently with just solar, wind or water power.
@@CellGames2006 Yeah it's pretty clear, either we move toward green energy, or we drastically and I mean fundamentally drastically change how we are living to continue to use oil at the increasing rates we need energy, we are doomed. Even just transitioning to green energy won't get us out of the woods. Global warming is just one of the many ways we are destroying the planet because of our enormous need for energy and resources.
@@CellGames2006 Also I should add, the CIA has already predicted if we don't stop global warming, it's will become a national security risk. The conditions of global warming will drive competition, flair up nationalistic, ethnic and geopoltical tensions, violence, and wars as people compete for dwindling resources. And usually when people are in conflict, the last thing anyone is concerned about is the reasons that caused the conflict in the first place, their only goal is proving the other side wrong and winning. So by that point, no one will be concerned with solving global warming, just engaging in warfare that will make global warming worse and reduce resources even further.
Please with the stupid global warming, cooling,BS you think Chinese and Russian government care about this non sence E.V.are now doomed name one weather scientist that agree with this BS all you say is the expert backthis, al gore said we should all been dead in 2015 well he about 9 yrs wrong all ready,the total carbon emissions is at 0.40 SMH
I’m surprised, said no one
Facts matter. Thanks to Steve Rattner for his charts!
😮 1 guy named Steve is your source? Do you know Steve or just blindly trust him because he is on TV?
" You're just another face, that I know from the TV show. I have watched you for so very long, I feel like a friend. Cause I will do everything for you" Phil Collins, Genesis
Sanctions are a waste!
Obviously you weren't paying attention, they do hurt the other countries, but we could do more.
russian troll!?
@@JunkerOnDrums Oh so now everyone is a "russian troll". Get a life.
Ukraine hsve destroyed very expensive ships.
That is amazing how a country without navy is able to do so.
@@mariajones8304 a few ships can be rebuilt but you can't get 2 million dead Ukrainian soldiers back to the life, right?
@@gokhanizgi5779 Well, the Russian logic is you can... why else are they sending thousands to their dead in meat waves? Lives can be replaced, but equipment is harder to recover.
We are living in some type of military installation government dystopia. Wake up. Why are government employees calling all of the shots? Are we just going to be at the mercy of government employees Forever? Time to revolt
Russia has greatly depleted their wealth fund. Not out of it yet though. Russia stopped shipping refined gas products in Q3. A country with Russia's would only do this if there issues.
Yelena Baturina wired $3M to Hunter Biden.
I bet she wishes she still had that.
Recently the IMF declared Russia's economy today is bigger that it was before it's S.M.O against ukraine instead European economies are in recession like that of Germany because no more cheap Russian gas.
lol
That's because they are in war mode.Eeurope on the other hand continues to stick their heads in the sand and pretend this ISN'T World War 3... hence they only get the bad effects but none of the benefits of a war economy.
US benefitted a lot due to industrial production during WW2 and Russia will too.
Russia's economy is also hurt by the number of people who left Russia. These were often college educated. Russia's population curve messed up. Russia doesn’t have young people to sustain it self.
That’s absolute rubbish. I strongly suggest you do your research before making outlandish claims.
@@Peter-lm4ykEvery 20 years or so a Russian dictator runs off all the young people who think. Maybe you should crack a book
@@jordanslingluff287thenlies aren't working anymore 😅
@@Peter-lm4ykderp
@@brandonburns5365What was the lie?
Its TRUMPS fault😂
Biden 🤡 the sanctions aren't working because of Trump & MAGA 😅
Russia got lots of oil and money. It worries tht they do exactly like Izreel and go unpunished!!
I really hope Steve Rattner doesn't have anything to do with the U.S. economy. He is is not even looking at the Rubble price drop!
Because it doesn't really matter when oil is tied to the US dollar
This man seems to have forgot, not know!!!, the most important part?? That Russia made far more money on its gas sales to Europe which have virtually stopped, leaving a gaping hole in Russian finances and is only being paid at 30% discount for its oil to China and India and being paid in Rubies and Chinese currency, which they can not use. Also he uses Russian data!!
This is what Trump likes to do to his opponents and his base cheers for it.
What fairy tale are you babblin about???
Derp @@michaelbriganti
@@michaelbriganti Darth loves fairy tales -- especially ones that involve grooming
Like having his political opponents jailed before election.
Oh wait that’s Biden and his base.
@@bartjargengarblbargeler1980Trump lost.
This is not true. Russia's economy is hurting. Russia is selling gas yes, making less money. There is the price cap and shipping gas is much more expensive. Russian Ruble value had fallen from about 60 Rubles per dollar, to high 80 snd dometimes 90. This doesn't happen when your economy id doing great.
Sanctions always initially hurt a country. But eventually they will make adjustments and recover. The truth of the matter the russian economy is still growing. While ukraines economy is collapsing. These sanctions and fundings are not working. That is a failure. Do not let your emotions blind your logic.
The wealthy are hanging in there, everyone else not so much.
Russia's economy is "growing" by funding the war. It is consuming itself. The people are dealing with inflation. Less money spent on maintaining roads, schools, hospitals and ect. .
@@middle_of_the_roadUkraine GDP grow in 2023 and will grow in 2024.
@@lindaSmith6588 yeah it gained 2.0% after its major collapse of 29%. So they are still down 27%. That is not exactly good. But you also did not look at its inflation which is in the teens. Also look at there debt its over 70% of there GDP. To say ukraine is doing good from an economical standpoint is just not true its collapsing and the longer this war goes the worse it will get.
How it will end? Ukraine: We want all our territory back and become NATO / Russia: We are not going anywhere. Ukraine must remain neutral or we keep fighting / US: Ukraine cannot become NATO while the conflict is ongoing / Russia: We will keep fighting till enough Ukraine becomes Russia, so that we don't need Ukrainian neutrality anymore. Conclusion: Russia holds the cards.
What do you expect? WHO do you think would win in a battle of wits, Vladimir Putin or Joey “Mash Potato Brain” Biden🙄😆
And that's exactly why I will be voting Trump 2024.
You expect nothing in return?
What do you expect in return for voting for Biden, inflation, more wars?
@@marshallfischer3667 Better than expecting ANYTHING from Trump
Very interesting comments.
The sanctions aren't just economic. Please have someone on who can talk about the technology sanctions.
1st: The GDP of a country in war does not reflect how well they are developing.
- Making a tank or ammunition for it to get destroyed serves no purpose, except IF you SELL that equipment.
2nd: The stock market was not allowed to fall deeper, because foreigners were not allowed to sell their stock. There were massive capital controls
- The Russian stock market is un-investable
3rd: Russia produces less oil and gas and America can take their market share.
- keep in mind selling oil and gas next-door is much easier and cheaper than sending it on long boat trips to India and back.
4th: The sanctions absolutely have an impact on the Russian economy, some are short term, but most are long term.
- un-investable economy
- no more global corporate cooperation (Maersk, Airbus, Boeing, Ikea, Mastercard...)
- they stole 10 billion worth of airplanes (which will last them maybe 10 year, but after that they can "fly" into serious quality problems)
- and so much more...
5th: The leaders say: "we don't need them, we will make it ourselves"
- This is a mistake that many other leaders have made before. It never works out, just ask the people of these nations where they tried it. (like Iran, Argentina, Venezuela, NK....)
Yeah... they seemed to not mention that they are buying things from themselves to get destroyed... on top of that India has stopped taking Russian oil on as they've started sanctioning and tracking offshore oil transfers... there's all kinds of holes in this guy's analysis...🤷♂️
Thank you!!
Right on! Dead correct, HOW can MSNBC report that the stock market is up, it's not real. They also go on to talk about oil exports and how the sanctions have had no impact - ugh! How blatantly wrong, the oil is not at the same price as before the sanctions and 346,000 other things that this ridiculous news report fails to mention. Bad reporting MSNBC, back to school and no soup for you!
Coming back to the oil revenue as shown, those are raw exports, and gross. In Russia's own financial reporting, net income is ca. 60% down in us$. Where does this discrepancy comes from? From Russia losing its most profitable fossils: pipeline natural gas and oil products, not raw. Pipeline gas is obvious with Europe going largely offline. Oil products? that's where India and China come in, they have massive refineries for themselves and use the discounted raw oil from Russia to refine oil products themselves, and subsequently sell it on the market. This is where the real money makers are from fossils. So letting India take the refined products Russia loses out on a lot of profits. So that gross income has never been as far away from net oil income. Source: the Russian government/bank of Russia.
So why don't they have a crashed economy? They invest massive amounts of their welfare funds (build up over decennia) into the war-time economy. The total collapse of their oil income has been fully compensated, and passed by non-oil income. This also from the same source.
@@Brattoes yes,
and their National Welfare Fund was about 200 billion at the start i think.
And now it's down to about 50 billion.
It looks like Putin is about to run out of money.
🙏☮💛🌍✌🕊❤🔥
Very shallow, poor analyses of the Russian economy. Oil revenues aren't profits. GDP growth solely from the production of arms that are immediately being spent on the battlefield does not equal a nation's prosperity. The stock market is a poor indicator of the economy, even more so in current Russia. High inflation. Central Banks rate of 16%. Lack of people to fill the jobs in the real economy. The list goes on and on. You can do better. Find a real expert on the subject.
😂😂😅🤦🏼♂️
Democracy 🇺🇸💙 vs Russian Maga 🇷🇺❤️
Election Day is November 5th.
😂😂😂
Thank God that the US has never been a democracy. Mob rule is garbage. Zelensky is a prostitute. Support for Ukraine is evil.
Russia numbers have some funny business. The money from oil has decreased. As expeneses have increased. China and india are psying yuan and rupees. While Russia does a chunk of business with China, the india Rupee is not much use to Russia.
Since the US has banned Russia from SWIFT (USD dominated banking system), China's CIPS (SWIFT Alternative) went from 111 Countries, 1,436 Institutions, to 183 Countries, and 4,800 Institutions bypassing SWIFT and the USD, and using RMB.
When the US Sanction one country it always directly affects another. So the solution is to diversify away from US controlled systems. US doesn't and can't Sanction on the CIPS network. And the CIPS Network Bypasses trading in USD, which is another mechanism the use can use to Sanction.
Word salad like Kamala Harris 😂😂
@edwardl.990 Russia's expenses are up. Therefore, their revenue are down. Russia is being paid in yaun and ruples. This money is not useful to Russia.
@lindaSmith6588 you're absolutely out of touch and pushing propaganda.
@TheChopf26 how so. What do you think is happening?
It's not that bad as you show. First, G7 don't want to stop import of oil from Russia, they want to make it as cheap as possible. Second, Putin includes in GDP all military production that go to the frontline immediately.
India is poor country there need cheap oil there is no choice
Can we also please acknowledge the russian people make $200 a week
less than that
an average russian monthly pension is $141 usd