#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

[worldofwardcraft]

Russia on the brink.

December 2, 2024

While its criminal president, Vlad Putin, makes empty threats of nuclear warfare, Russia may well be perched on the precipice of economic collapse. In a recent address to the State Duma, the Federal Assembly's lower house, Central Bank of Russia governor Elvira Nabiullina (pictured above and not at all happy about it) outlined just how bad the situation is in Putin's war-torn kleptocracy.

For a start, the nation has nearly exhausted its labor resources. Unemployment is currently at a record-low 2.8%, according to Britain's Financial Times. Consequently, labor shortages are worsening and 73% of the country's business enterprises report being unable to find enough workers. This is due in large part to heightened demand by the military sector, coupled with the huge loss of life (an average 1500 soldiers per day) incurred in Russia's futile Ukraine war.

Factory utilization now surpasses 80% and credit costs are rising (the mortgage rate is currently 43%), which is severely depressing investment. Meanwhile, consumer demand is being increasingly propped up by short-term borrowings. Economist Nikolai Kulbaka explains that these microloans are typically taken out to buy food and clothing and to repay previous loans. Evgeniy Nadorshin, another economist, cautions that the current growth of such lending is unhealthy and "cannot be supported for long."

With investment and private consumption flattening, government spending for the war effort is the primary stimulant to overall demand. At present, Russia has 6,000 military-industrial enterprises that employ over 3.5 million individuals.

Even though Russia's nominal (unadjusted for inflation) GDP lost a third of its value between 2013 and 2020 — and despite the ongoing sanctions and export controls — Putin's government is congratulating itself for avoiding a deep recession in 2022 and maintaining a strong 3% growth rate. But this probably won't last. Warns Nabiullina, “When an economy reaches the limits of its productive capacity while demand continues to be stimulated, stagflation occurs.”

Back in 1957, when it launched the first orbital satellite, the Soviet Union boasted the world's second-largest economy. However, with the 1998 debt default that followed the USSR's disintegration, Russia's ranking fell to #24, behind Austria. Putin was then elected president with the promise of re-building the nation's economy.

Instead, Putin decided to invade Ukraine, seeking to validate Russia's "great power status" through military conquest rather than economic performance. The upshot has been a militarization of the economy that is unsustainable in the long run. No wonder the Central Bank predicts near-stagnation next year, with GDP growth at a mere 0.5%-1%. Russia may appear to be in the midst of prosperity. But it's more likely on the edge of ruin.

[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.

[gamer2002]

Based

[tomorrowusa]

« [W]hat has long been evident is that Putin’s presidency has been little different from the Soviet era, in that he has made Russia a military giant but an economic dwarf. His gangster state has never been able to diversify; while the world buys Chinese cars and American software, the only thing we buy from Russia is oil, and the gradual turning away from hydrocarbons will eventually expose this as an appalling waste of a country’s potential. »

— Will Dunn at The New Statesman.

What is now tanking Russia is essentially what tanked the Soviet Union – a lopsidedly bad economy. And what barely keeps the sputtering Russian economy from totally collapsing is oil.

So Russia is now a badly run petrostate under the control of a nostalgic dictator who is trying to restore the Soviet Union in all but name – as miserable as that sounds.

One irony of Donald Trump's "drill! drill! drill!" policy (if it actually works) is that it would help undermine Russia's only major source of income.

For the Russian economy, however, Trump represents a looming risk, because however exceptional Putin believes his country to be, Russian prosperity ultimately depends on Western consumers. The reason for this is that Russia runs on oil. With most of its gas exports to Europe stopped by pipeline closures and sanctions, it has become an economy dependent on a single commodity, and while oil prices are high, money flows into the Russian current account. What scares the Russian central bank is the risk of a global financial slowdown that reduces consumer demand around the world, and therefore the price of the oil that is intrinsic to manufacturing and trade. That is exactly the world Trump is promising: a world of de-globalisation and trade barriers.

As I mentioned a few days ago, people in the West need to stop overestimating the strength of Russia. It has a couple of million people involved in its military or military industries, but they are poorly trained and not particularly motivated. Russia may have a lot of weapons, but those are almost always inferior to Western equivalents; many date back to the USSR and are even physically rusty.

At the beginning of this century Russia had the potential to become another Germany in economic terms. It had the talent and adequate infrastructure. But under Putin, Russia has become a parody of the Brezhnev-era USSR – but perhaps even worse. Putin's disaster in Ukraine makes Brezhnev's debacle in Afghanistan seem like a day at the beach. Putin has unintentionally let the world see how pitiful his military is and put on full international display the decrepit nature of Russia's economy.

[darnellclayton]

Donald Trump Threatens World War E (For Economy) Against Dollar Hating Nations

Joker from The Dark Knight America’s 🇺🇸 once & future President, Donald Trump, is now threatening to descend the world into economic chaos because a few nations decided they did not want to use the American dollar 💵 as their preferred international currency. Screenshot of Donald Trump threatening tariffs The idea that the BRICS Countries are trying to move away from the Dollar while we stand…

[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.

[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

[jackassdemocrats]

Kamala Harris Is Exposed For Who She Really Is

[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

[allthebrazilianpolitics]

Trump threatens 100% tariff on Brics nations if they try to replace dollar

US President-elect Donald Trump has threatened to impose 100% tariffs on a bloc of nine nations if they were to create a rival currency to the US dollar.

"The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER," Trump wrote on social media on Saturday.

Major world powers China and Russia are part of the Brics alliance, along with Brazil, India, South Africa, Iran, Egypt, Ethiopia and the United Arab Emirates.

During the US election, Trump campaigned on implementing widespread tariffs. He has escalated threats of steep levies in recent days.

Continue reading.

[relaxedstyles]

If only all interviews were in this style ...

[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