#russia economy

[workersolidarity]

🇷🇺 🚨 ECONOMIC HIGHLIGHTS FROM RUSSIAN PRESIDENT VLADIMIR PUTIN'S PRESS CONFERENCE

🔻The Russian President highlighted the Russian economy, pointing to the different elements that make up economic strength: the first element is the unity of the Russian society; the second element is the stability of the economic system, in this regard, Russia has accumulated a sufficient margin of safety and stability; the third element is the growing capacity of the army and security agencies.

🔻main indicators of economic growth are stable; GPD is expected to grow 3.5% by end of year, compared with last year's -2.1%. Putin said returning to 3.5% would mean making up those losses and gaining on top of them.

🔻 Inflation has persisted and is expected to reach between 7.5-8%, with the Central Bank taking necessary measures to lower the baseline inflation rate.

🔻Industrial output increases steadily at 3.6%, while Manufacturing output has grown by 7.5% year-on-year.

🔻Investment in fixed capital has risen by 10%, indicating sustainable growth in the medium term. Investors provide capital, production expands, and new jobs are being created.

🔻Businesses have added 24% in profits, with banks earning over 3 million rubles by the end of year, which is good news for people who invest in Russian banks.

🔻Real wages, after inflation is accounted for, will grow at 8%. Though this will not be true for everyone, but on average across the Federation, this is true; while real disposable income is also increasing to around 5%.

🔻 The Unemployment rate has recently hit historic lows of 3%, and has now reached 2.9%.

🔻 The minimum wage will increase by about 18%, beginning January 1st.

🔻Foreign Debt is decreasing, indicating macro-economic stability; government debt has reduced from US$46 Billion, to US$32 Billion. While Private debt has decreased from US$337 Billion to US$297 Billion. Repayment is proceeding at a steady pace, often ahead of schedule.

🔻Considerable growth in Russian life expectancy from 70.06 in 2021, to 72.73 in 2022, and is expected to reach 74 in 2023.

#source

@WorkerSolidarityNews

[tilos-tagebuch]

🇷🇺 Russia is at the end

The Russian budget surplus has more than QUADRUPLED - although the war must be financed. We have them, they are completely at the end!���

[thoughtlessarse]

Trade along the North-South corridor is off to a strong start in 2024, a boon for the Kremlin. The route got a big boost from a jump in Russian trade turnover with Iran. During the first quarter of this year, trade turnover between Russia and Iran grew by 48 percent over the same period in 2023, a year in which overall commerce between the two countries lagged. While trade increased between Russia and Iran, it decreased by 6 percent year-on-year between Russia and Azerbaijan during the first four months of 2024. Meanwhile, turnover between Russia and India – the countries at each end of the network of road, rail and sea links – set a new quarterly value record during the first three months of this year, totaling about $17.5 billion, Russia’s RIA Novosti news agency reported. In late 2023, Indian Foreign Minister Subramanyan Jaishankar credited the North-South corridor with spurring growth in bilateral trade. “This project is in line with our interests,” he said. “It is one of our top priorities.” In early June, Russian leader Vladimir Putin touted the North-South trade network as a more efficient international trade conduit than the Suez Canal.

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[head-post]

EU backs plan to use profits from Russian assets to finance arms supplies to Kyiv

Representatives of the EU countries have tentatively agreed on the use of proceeds from Russian assets to provide military aid to Ukraine, the Belgian presidency of the Council of the EU has said.

Under the plan agreed by EU ambassadors on Wednesday, most of the revenue raised from 15 February will be transferred to the European Peace Fund, a mechanism that reimburses arms deliveries to Kyiv, and to the EU budget fund for Ukraine.

The presidency said in a statement on X:

EU ambassadors agreed in principle on measures concerning extraordinary revenues stemming from Russia’s immobilised assets. The money will serve to support #Ukraine’s recovery and military defence in the context of the Russian aggression.

According to Euroclear’s financial results for the first quarter, some 159 billion euros of frozen Russian assets have generated a net gain of 557 million euros ($601 million) since that date.

Earlier, German Chancellor Olaf Scholz reported that there is a consensus in the EU on the use of profits from Russian assets.

Read more HERE

[hussyknee]

Once I stopped wheezing, I went looking for what inspired this tweet. Apparently anyone consistently ripping into Biden and telling anyone why he's trash is "voter suppression". Liberals have all lost their goddamn minds.

[3ip04ka]

So I wanted to make a post since I don't see it being talked about (maybe I'm missing something but everyone seems comfortable about this)

With the bg3 full access I started to see more russian/belarusian artists on the tags, many of them having boosty service accounts and explaining how it's easy to use it

Boosty is a russian patreon type platform. Any current sayings about changes in ownership are just covers to separate it from 'outcast' russian services and to be able to legally profit. It's a common tactic during russian invasion.

It exists because MasterCard, Visa and PayPal stopped operating in Russia and solely serves its purpose of bringing money into russia, bypassing current bans that exist because russia should not receive extra finances to buy weapons to murder us

So PLEASE don't support russian invasion via this tool. It's commission is 10% meaning a 1/10 of any payment you make there goes right to russian big business, part of the rest of money will be used in taxes during those artist's purchases in russia

Don't support genocide.

[jackass-democrats]

Kamala Harris Is Exposed For Who She Really Is

As always, never buy anything made in china. Don't ever trust a democrat and NEVER leave your child alone with one.

[jackassdemocrats]

Kamala Harris Is Exposed For Who She Really Is

[workersolidarity]

🇷🇺 🚨

RUSSIAN PRESIDENT ANNOUNCES THE FINAL STAGES OF 6-YEAR SOCIAL-ECONOMIC PLAN FOR THE RUSSIAN FEDERATION

At a meeting on economic issues, Russian President Vladimir Putin announced the final stages of a previously established 6-year social-economic plan for the Russian Federation.

“We are now entering the final stage of work on a socio-economic action plan for the next six years, including key areas such as supporting investment, ensuring technological sovereignty, updating and building infrastructure, comprehensive development of human settlements and much more,” the Russian President said.

The Russian President also called for the creation and modernization of production, with the hope of creating new, well-paying jobs for all Russian citizens and further noted the main priority of his government is the increase of incomes and quality of life for Russian families across the country.

Speaking about the stubborn inflation in the economy, President Putin noted that inflation for the last year was 7.2%, pointing to a slight decrease from the previous year, which had an inflation rate of 7.4%, giving credit for the decrease to the actions of the government and central bank.

President Putin emphasized Russia's growth rate, which held at 3.6% for 2023, while pointing to the growth rate for the developed Western economies, which averaged just 1.5%.

Industrial production in the Russian Federation is also up, with a growth rate of 3.5% in 2023, while manufacturing is up 7.5% for the same period.

Putin also pointed out that Russian economic activity began the year at a high level, emphasizing that the situation is developing along the expectations of the government and economic experts.

#source

@WorkerSolidarityNews

[davidson-eric]

How Banks Work And Why They Are Collapsing.

You have to be Awake, it's high time you know the Banks are working with the Feds to ensure they sabotage this movement.

Be Awake my Fellow Patriots, You have to secure your Assets and Funds as recommended by DJT and EyesOpenAmerica, move your funds into the New Quantum Financial System (QFS). Your 401k, money in the bank and investments are highly at risk, the crash is coming!!!

Buy Xrp and Xlm , when i say buy, I mean "Buy lots of it ". Move your funds to the only QFS leder Account recommended by EyesOpenAmerica and DJT.

If you don't have any idea on how to, kindly reach us via email (check bio for email) or a DM away.

#EyesOpenAmerica

[head-post]

16,000 Western sanctions have not ruined Russia’s economy — CBC

Over the past two years, the Russian government has managed to neutralise sanctions and curb inflation while investing nearly a third of its budget in defence spending, CBC reports.

The CBC quotes the Russian head of state Vladimir Putin:

They predicted a recession, failure, collapse. The entire economy has demonstrated resilience.

More than 16,000 sanctions have been imposed on Russia since 24 February 2022, according to US-based Castellum.AI. Some sanctions affect the economy more than others, with more than 11,000 targeting individuals and about 4,600 targeting legal entities, including financial institutions. Several sanctions hundred others target ships and aircraft. However, the latest iPhones and MacBooks are on Russian shelves today because the Russian government and businesses have been able to adapt.

In 2023, half of all of Russia’s oil and oil products were exported to China. Imports from China jumped more than 60 per cent, including shipments of cars and electronics. Trade between the two countries reached $240bn in two years, up 64%.

Read more HERE

[justacynicalromantic]

Russian oligarchs close to #Putin are involved in the production of #UAVs for the #Russian army.

Meanwhile, they are behind one of the largest investors in the U.S. defense industry and the social network X, while their kids enjoy a luxurious life abroad.

[allthebrazilianpolitics]

Brazil's Lula Urges BRICS to Create Alternative Payment Methods

Brazilian President Luiz Inacio Lula da Silva said on Wednesday that it is time for the BRICS nations to create new payment methods between them, adding that the group's New Development Bank was designed as an alternative to what he called failing Bretton Woods institutions.

"It's not about replacing our currencies, but we need to work so that the multipolar order we aim for is reflected in the international financial system," Lula told the BRICS summit via video conference, after a head injury over the weekend forced him to cancel his trip to Kazan, Russia.

"This discussion needs to be faced with seriousness, caution and technical soundness, but it cannot be postponed any longer."

The Brazilian president added that the BRICS' initiatives move away from a context in which emerging and developing economies fund the developed world, and also underscored the bloc's relevance in global economic growth.

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[ernestbruce]

Ukraine, destroy ALL Russian oil refineries, please

i give you my permission to fuck with the Russian economy all you want

FUCK RUSSIA

[gamer2002]

Russia is all about returning to tradition, after all.