[quote]VLADIMIR PUTIN is not short of problems, many of his own creation. There is the carnage in eastern Ukraine, where he is continuing to stir things up. There are his fraught relations with the West, with even Germany turning against him now. There is an Islamist insurgency on his borders and at home there is grumbling among the growing numbers who doubt the wisdom of his Ukraine policy. But one problem could yet eclipse all these: Russia’s wounded economy could fall into a crisis (see article).
Some of Russia’s ailments are well known. Its oil-fired economy surged upward on rising energy prices; now that oil has tumbled, from an average of almost $110 a barrel in the first half of the year to below $80, Russia is hurting. More than two-thirds of exports come from energy. The rouble has fallen by 23% in three months. Western sanctions have also caused pain, as bankers have applied the restrictions not just to Mr Putin’s cronies, but to a much longer tally of Russian businesses. More generally, years of kleptocracy have had a corrosive effect on the place. Much of the country’s wealth has been divided among Mr Putin’s friends.[/quote]
[url]http://www.economist.com/news/leaders/21633813-it-closer-crisis-west-or-vladimir-putin-realise-wounded-economy[/url]
[quote]MALINA, a trendy restaurant in a city south of Moscow, was empty on a recent Thursday evening. “A crisis,” the manager explained nervously. Some meat and fish dishes were missing. “Sanctions,” he added with a sigh. The signs of a country in the economic doldrums are visible in Moscow, too. Tour operators are going out of business; shops and small businesses are up for sale; LED displays outside bureaux de change send spirits sinking.
Russia’s economy is teetering on the verge of recession. The central bank says it expects the next two years to bring no growth. Inflation is on the rise. The rouble has lost 30% of its value since the start of the year, and with it the faith of the country’s businessmen. Banks have been cut off from Western capital markets, and the price of oil—Russia’s most important export commodity—has fallen hard. Consumption, the main driver of growth in the previous decade, is slumping. Money and people are leaving the country.[/quote]
[url]http://www.economist.com/news/briefing/21633816-more-decade-oil-income-and-consumer-spending-have-delivered-growth-vladimir-putins[/url]
What ever shall Mr. Poutine do now?
[QUOTE=UntouchedShadow;46544115]What ever shall Mr. Poutine do now?[/QUOTE]
invade poland
suck it putin
I wonder how long it's going to take before the entire country goes against him.
[QUOTE=TentuZero;46544180]I wonder how long it's going to take before the entire country goes against him.[/QUOTE]
They never will, they're not going to make the same mistake twice.
The main problem with the Russian economy is that in many ways it still resembles the Soviet and Tsarist systems.
Development is still primarily driven by the state in a "top-down" approach that usually tends to end up with a few large entities owning the vast share of the economy. Smaller businesses usually find it impossible to compete, and most of the small businesses exist in either a grey or black market. Corruption in the form of bribery is not only commonly practiced, but is necessary for businessmen in Russia to operate.
All of you Russians should just leave Russia and come to America. We've got plenty of space for you in the mid and northwest states.
[QUOTE=TentuZero;46544180]I wonder how long it's going to take before the entire country goes against him.[/QUOTE]
As far as I know Russia in all of its history has had all of two revolutions (against the horde and then against the Romanovs). The culture has a history of just not giving a shit.
[QUOTE=A B.A. Survivor;46544289]All of you Russians should just leave Russia and come to America. We've got plenty of space for you in the mid and northwest states.[/QUOTE]
A new wave of immigration. People will stop complaining about the Hispanic/Latinos and start bitching about the Russians.
[QUOTE=Code3Response;46544352]A new wave of immigration. People will stop complaining about the Hispanic/Latinos and start bitching about the Russians.[/QUOTE]
I thought Brighton Beach is a stand-in for Ukraine and Russia already.
[QUOTE=WhollyRufus;46544214]They never will, they're not going to make the same mistake twice.[/QUOTE]
Russia is different these days. People have gotten a taste for imported goods and expect Putin to deliver (relative) stability and economic growth.
Since the start of the fiasco, these imports are dropping. Stability is iffy at best, made worse by the activities of Russia as of late and the separatists dotted throughout Russia. Economic performance, while already poor, is worsening.
Putin doesn't want to make the same mistake, which is why he'll prefer to spend his government's foreign cash reserves and use whatever tools are at his disposal to crush opposition and maintain a modicum of stability. I expect to see the nationalisation of more companies, the passing of schizophrenic economic measures, a harder crackdown on dissidents, and a promotion of Nationalism (in its xenophobic form composed of anti-western rhetoric and nostalgia for the Soviet Union).
[QUOTE=Arrows;46546116]And yet they still pevail at invading dota 2[/QUOTE]
Virtus.Pro or Empire must win the next International in order to bring home enough money to restabilize Russia's economy.
Suck it you dirty commies. Come on, guys! USA! USA! USA!
I'd like to mention that our budget for 2015 has been made with the the price of oil at $95 a barrel in mind.
[QUOTE=salty peanut v2;46544175]suck it putin[/QUOTE]
Except Putin won't, the people of Russia will.
[QUOTE=Matthew0505;46550376]Economic problems rarely hurt the oligarchs.[/QUOTE]
In the end, their political power is stronger than the economic issues.
[QUOTE=maxumym;46546975]I'd like to mention that our budget for 2015 has been made with the the price of oil at $95 a barrel in mind.[/QUOTE]
How much is it now?
[QUOTE=Swineflu;46551025]How much is it now?[/QUOTE]
Around $80, trending downward.
[QUOTE=Matthew0505;46550376]Economic problems rarely hurt the oligarchs.[/QUOTE]
If the economy shrinks, then to maintain the amount of wealth oligarchs have they have to steal it from the population.
This process can only go on for so long before the oligarchs start eating each other and Putin finds it hard to keep control.
Funfact: The shit Russian economy is one of the main root problems in Postal 3 being so shit. The A team at Akella got laid off or some shit and Postal 3 was handed to a much less qualified B team.
RIP postal 3, killed by monetary issues.
i wonder without the sanctions what their economy would look like, i mean they'd have to still be in a recession with oil tumbling
[QUOTE=Code3Response;46544352]A new wave of immigration. People will stop complaining about the Hispanic/Latinos and start bitching about the Russians.[/QUOTE]
Russian women are actually attractive.
[QUOTE=Deng;46544494]Russia is different these days. People have gotten a taste for imported goods and expect Putin to deliver (relative) stability and economic growth.
Since the start of the fiasco, these imports are dropping. Stability is iffy at best, made worse by the activities of Russia as of late and the separatists dotted throughout Russia. Economic performance, while already poor, is worsening.
Putin doesn't want to make the same mistake, which is why he'll prefer to spend his government's foreign cash reserves and use whatever tools are at his disposal to crush opposition and maintain a modicum of stability. I expect to see the nationalisation of more companies, the passing of schizophrenic economic measures, a harder crackdown on dissidents, and a promotion of Nationalism (in its xenophobic form composed of anti-western rhetoric and nostalgia for the Soviet Union).[/QUOTE]
Doesnt' matter if people got taste in imported goods.
The same happens here in Argentina.
I mean, we had a re bounce back in 2003 when the economy took off and went through a period of growth with impressive 9% annual rates.
We got a lot of imported stuff during the 2003-2009 period
And then things started getting worse and those same imports stopped appearing in the markets.
Say, in most things, we had like 5-6 or more brands for something, and nowadays there are only 2 brands if you are lucky.
People won't "see" it if Putin manages to spread it out over time. If it all happens overnight then he is fucked up for sure.
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