25 years of Putin in power | DW Business
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- Опубліковано 9 вер 2024
- As Russian president Vladimir Putin marks 25 years in power, spending to back his war in Ukraine is propping up the economy. But Alexandra Prokopenko from the Carnegie Russia Eurasia Center, who formerly worked as an advisor to the Russian central bank, believes a painful economic collapse is coming.
#russiaukrainewar #putin #russia
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25 years of running a gas station.
Essentially, that's what he's been doing. But it's even sadder than that. The Russians have world class education: they have world class astronauts, chess masters, computer engineers, aerospace engineers, medical doctors, mathematicians, writers, philosophers, geneticists, professors, astrophysicists and so on. But he basically turned them all into gas station attendants, everyone polishing this or that just to get the gas station ready and shinny for the Big Boss, when he drops by...
For a moment, just imagine what 145M highly educated NORTHERN EUROPEANS, like the Russians, could do, if they had chosen a LIBERAL DEMOCRACY over a Tsar-like post-Tsar autocracy.... a liberal democracy where competition of ideas and people lead to both chaos and institutional building, so that regardless who's in charge a the top, for a few years at a cycle, most institutions have continuity, so they keep producing good ideas & good products for people far and wide... with NONE of them depending on the approval of this one man or that one man, etc.
Yet they are 4th in the world must be a pretty great has station
@@brianmatsika8628 with Spain's gdp...?
@@kiabtoomlauj6249 It is Russia which created Putin, not the opposite. They don't know any better.
@@brianmatsika8628 More like 8th. Should be #1 with it`s natural resources, but russians rather be poor and keep putin at power for life.
Putin needs to let Ukraine 🇺🇦 be free.both countries will improve if they do
Ukraine is free whether Putin allows it or not. All he decides is whether his own country suffers.
Without western interference Ukraine would still be neutral and intact with post soviet borders.
That was until 2008 when George W Bush decided Ukraine and Georgia would join NATO!
Ukraine can be free but cannot be pro-west with russian territories its either it remains neutral or join anti-russian west with its western territories
@@dudermcdudeface3674 ooh its not free,there is no way russia will ever allow western countries to settle in anything which was russian before being given to ukraine in 1991
@@briant5685 Russia is not Eastern Europe's master anymore.Get over it. USSR is gone. Who does Russia think it is? It is a gas station only.
Alexandra Pocopenko's clear explanation of the Russian economy was excellent.
Great interview.
Japan did many of these things prior to WWII when it was under economic sanctions.
What happened to Japan at the end of WW2 ?
@@keithrosenberg5486 Not really, Japan was very much affected by those sanctions-Russia would be in the same boat if the government had borrowed money prior to this war or didn’t have a surplus.
@@jakebhenry2228 Read the book 'Bankrupting the Enemy'. It goes into great detail about the things the US did to deter Japanese aggression and what the Japanese did to mitigate the economic impact. The Japanese did have more cash (gold) reserves than the US assumed, much like the Russians.
@@keithrosenberg5486 So long as it doesn’t have similar rhetoric as “Know Your Enemy Japan” than I might should I ever have time.
@@jakebhenry2228 It gets into the weeds about Japanese finances and what the US was doing. It is clear from the book that the US had very poor intelligence on the status of Japanese economic capability.
What explains Gazprom's statement of a $6.9bn loss in 2023 and the vaporized Russian National Wealth Fund?
More great reporting from Deutsche Welle 👋👋👋 thank you
We should not forget, that gdp of Russia is in the size of that of Spain! 😂😂😂
You're still talking about gdp 😂
And that their military spending before 2022 was that of Brazil for years. Yet they were considered the second most powerful army on earth
@@Soulfood22 second army in Ukraine 🇺🇦💜♥💕
In GDP PPP it is larger than Germany Why do you measure Russia GDP in USD but not purchasing power parity what your money can buy you. In the 1990s the west were stealing Russian resources there was starvation and shortage of food now Russia is exporting food because it nationalised it own resources that is why the west wants another puppet leading Russia those are the hard facts mate I don't care who runs Russia but as long as that person does not allow its country to be used as a puppet like Germany at the moment a US Vassal State Killing its own economy to please its master the US wtf blew up Nordstream 2 quite are we?
At least people want to visit Spain.
Wonderfully explained , thanks
GDP per capita Russia c $15,000. GDP per capita Lithuania $25,000. Yes prices are higher in Lithuanian shops but Russia has enormous natural resources and GDP per capita would be 4 or 5 times higher than Lithuania if the economy was being run properly. Either their top economist is clueless or Putin has wasted 3/4 of all the wealth from their resources.
@Proffessorclueless Russia is world renowned for corruption. It has been for generations, particularly Putin's Russia. Keeping oligarchs' and his own pockets full is how Putin remains in power. This assessment is about the actual economic parameters the country has to work with.
What happens when you see all the nationalized assets under socialism to a few oligarchs-it doesn’t create a system of competition or growth it merely just a stunted version of capitalism which keeps Russia well below where it could be(and nationalizing foreign investments dooms said growth).
GDP per capita adjusted for cost of living:
Lithuania: 50,600
Russia: 38,292
You spelled Stole incorrectly
Russian public dept. is 18% of the gdp while Lithuania's is 38% and every penny made in Russia stays in the bank of Russia... while whatever is produced in Lithuania gets directly deposited to German or Swiss bank. And all Lithuania get is a little bit of tax money. BTW average salary in Lithuania is exactly the same as in Moscow. And than the cost of living kicks in.
Would someone PLEASE replace that light-bulb!?!?!
Alexandra Pocopenko,, 👍🌟👍
Real reason is China helping Russian Federation in every field.
That would be because Putin has completely messed up Russia for 25 years. In 1999 Russia was exporting expertise and technology to China, 25 years later China is one of the most advanced economies on the planet and Russia is weaker than most European nations.
Exactly.
Alexandra Prokopenko made a precise analysis on russia state of war economy and exposes the difficulties involved in assure a softland for it.
Germany has been impacted negatively by this war. The competitive advantage of Russian gas is gone.
Germany will be fine. We went more than once through far worse and gree only stronger, Russia on the other hand, there won’t be much left of Russia by the time Putin is gone.
Germany is one of the richest countries in Europe and still doing really well... Russia will be Venezula in the next 5-10 years
It shouldn’t be missed that the US also pulled the rug out from under Germany by promising LNG in exchange for continuing the war iso negotiating peace and blowing up Nordstream. Germany’s decision to stop using nuclear energy seems incredibly short sighted. It would have insulated DE’s dependence on Russia and now the U.S. It would also have helped DE reach sustainability goals which now seem like a fantasy.
They're just realizing it now and it will get worse
@@PF-vu2gdrichest country in Europe thanks to cheap natural gas from Russia , but let's wait for more five years Germany will struggle, the free gas is going to India now and India will be great soonest 😂😂
Putin never learned in his professional life if he really wanted a strong and powerful country, one must first cared about his own people and their lives.
Russia needs to have an open economy. Not an economy under dictatorship. So we can have confidence on it growth.
They have there own economy and why would they need they can do what they want with all the natural resources they got for sale
@@1991enduroYeah, and that abundance of resources is soo useful when it’s split between oligarchs eliminating comepition, ingraining protectionism, and where the average citizen has the wealth of an Iranian within a state that has less than the total wealth of Spain, a country with 3x less people within it. Russia has issues-made worse when compared to almost any other post socialist success story.
well russia could care less what a westerner's confidence on its growth thinks it should be clear to you by now,russia is not pegged on any western financial system for its economy something which makes it somehow immune to western sanctions
Russia can work with Eastern countries.
Russia doesn't need your approval to succeed. European made delusional that russia will collapse after the war. If the war pushing the economy up, why don't you stop the war then? Wouldn't that accelerate Russia's collapse. Russia has moved on and the Russians are having much better life than you and you cant anything about it. Deal with it!
What effects might Ukraine's incursion into Kursk have (beet sugar +/- interruption in nuclear power supply for fall season agriculture harvesting & processing)?
Yes.
She seems to forget the 2014 maiden coup.. which had nothing to do with Russia, until it was asked for help and protection of Russian speaking people in Donbas and LPA..
"Okay, so they've increased their GDP, but other factors need to be considered-like the 22% depreciation of the ruble. When you factor that in, the economy hasn't actually grown when compared to the international market."
What does this even mean? 🤣🤣🤣
they increased GDP same way as Chinese
they built hundreds of millions of unoccupied homes and Russians are building new tanks
@@brianmatsika8628 When the internal value of their currency declines and it falls behind GDP growth, they can no longer buy as much from other countries as they could before; in fact, they can purchase even less.
the fact that the level of unoccupied people is so low in Russia....is so bad. The principal reason is that manpower is dead or stuck at the front. Lacking manpower will choke the economy.
Its all about debt,money is there , impressive all u need to to pop up economy is resources and Russia has plenty
She's an incredibly well spoken economist in a foreign language no less!!!
Just compare Russia now and what it was like under his predecessor, Yeltsin, and it is clear what Russians would prefer. It's also not honest in failing to disclose that India is really just a middleman reselling Russian oil to Europe at a profit.
Imagine if West wouldn't provide food to russians. And wouldn't invest into its economy. There wouldn't be wars that russia was involved
stagflation, perpetual war and sanctions all over will lead to collapse and devastation. Despot will the ruin the state and economy for a long time.
Given that Europe hasn't been paying its oil from India at a higher price than oil from other countries, and that India is indeed making a profit in the transaction as a middleman, the only possible conclusion is that the difference is paid by Russia in a cut to their profit.
Europe gets its oil without any price increase, India makes money and Russia makes less of said money.
Not very honest from you in failing to disclose those other details ;p.
@davidlee9493 are you suggesting that all the other countries or the world have remained at the 90s level and only russia has moved forward?
Global price of oil was around 40$ in current prices for the whole 1990s. It dropped to 20$ in 1998, the year when Russia bankrupted.
Between 2005 and 2015 it was over 100$, at some points even 140$, that was when Russia was beating its chest how great they are.
Currently it’s around 80$, and they are barely scraping by.
It’s irrelevant whether Russians prefer 1990s or not, it doesn’t depend on what they prefer. It completely relies on price of oil on global market. If it falls again to 40$ for a decade, they will bankrupt again. If it goes up to 100$, they will be beating their chest how great they are.
If factories are running at maximum capacity (3 shifts 24/7) there is no time and needed resources for preventative maintenance and repairs. In addition to potential equipment failures, the coordination of supply chain 'just in time' delivery of essential components is impaired. The growing evidence that their military keeps drawing down early Cold War weapon stocks and relying on cannibalized components adapted for current use, indicates their level of desperation. Eventually, their soviet era equipment will fail, after first losing assembly line productivity and forcing poorly trained workers to create make-shift 'work-arounds' to complete assembly.
Let alone the reparations Russia will have to pay Ukraine after this war end, preferably in Ukraine’s favor.
Great reporting 🫡
According to the World Bank using GDP (PPP) Germany is 5.8 trillion and Russia is 6.4 trillion and the Russian economy is expanding faster.
The Russian economy is up against the whole of Europe, USA, Canada, Australia, Japan and many others.
Russia is doing really badly considering it's resources and population.
That failure is down to Putin's control, the issue is always that one person in control will eventually result failure. Because their grand vision is theirs not that of the people.
How about you try telling the chinese you will pay ppp prices and not the actual prices they ask for their good and services ;p ? See how it goes...
The lady being interviewed said it’s impressive morality aside so it’s strange that people say Ru is dead
You mean Russia's PPP is that high based on a currency that isn't actually traded. Also Russia is not a developing economy, one would use their nominal GDP to compare.
@@Masterrunescapeer
Russia is heading to become a developing country.
Where do they get the money from? Jesus such an ignorant question
Russia doesn't need your approval to succeed. European made delusional that russia will collapse after the war. If the war pushing the economy up, why don't you stop the war then? Wouldn't that accelerate Russia's collapse. Russia has moved on and the Russians are having much better life than you and you cant anything about it. Deal with it!
guys, have a sit down!
why not let figures and charts start in the 90s? makes no sense otherwise
So far, American and Europe countries have spent 600+ billion dollars.
Not ..only when you put the replenishment cost of the old stuff they sent to Ukraine.... Many equipment was already obsolete and written off but the West put the cost for new equipment in the calculation..
600 billion learning about the new ways of fighting war
Now calculate what Russia spends only on logistics to Ukraine.😂
😅
The spending is spread across dozens of economies each of which are mostly a lot bigger than Russia. It has very little impact on each individual country.
@@klausschumacher7126 what about cash
Excellent interview. Well done.
Which economy is good this days America or Europe?
Neither is under sanctions. More people are still immigrating to there than Russia.
A good dancer knows when to exit the stage, stay there too long, you spoil it. This Putin has been there too long. He will kick the bucket from that office.
the lucky side effect of this situation is that we found out the position of China and to a lesser extent India and we know that these countries need to be avoided when it's about global partnerships...
we discovered this before it's too late and we can adjust all policies so China can not be drawn in with the war mongering by Russia, North Korea and Iran...
Rich Russians will soon eat poor Russians to survive. Or it could be the other way around. Place your bets.
u realise they have more stable economy then most of europe rn?
@@cwpv2477 People nowadays are obsessed with the economy. But the economy is to a society what the digestive system is to an organism.
By the way, the Russian economy may be doing fine, but on paper only. The numbers, if not totally manufactured, are distorted by huge interference from the government.
Societies like this eat themselves up and collapse.
No rich Russians don't leave in Russia :D
The military expense would also count in the part of GDP.
Like the US and the military industrial complex
@@brianmatsika8628 but it does? US is at around 3% of GDP, Nato guidance is to reach 2% and Germany and others are finally doing so.
Russia is set to reach over 6.4% for 2024, and will probably breach 7% for defense spending, it's an insane amount of money. Context is that only the US during the cold war reached 6%, the only other "modern" economy to ever exceed that was the soviet union and it collapsed right after. This is still excluding internal spending on police etc., that's also set to increase by 10%.
Also note that US spending 3% is like spending 1-1.5%, all their stuff is internal, all salaries are taxed internal, demand is internal, etc., pretty much all of the money goes straight back into the economy. For pretty much every other country in the world, this does not hold.
@@brianmatsika8628Not the same. US defense industry has access to raw resources and also has foreign customers. Russian military industry struggles to obtain certain resources due to sanctions and fewer foreign countries want Russian hardware.
war spending to prop up the economy. sounds like usa
Really?? US spends less than 3% of its GDP on military spending … LESS THAN 3% … Russia spends DOUBLE that .. over 7% of its GDP on military spending! And the main growth of Russian economy is military spending. Of the total government spending … 35% will be towards the military budget. Contrast that to the Americans who spend 13.3% of the government spending towards military budget.
GET YOUR FACTS STRAIGHT …. RUSSIA has has to cut back spending on housing, education and healthcare to support this huge outlay towards military. America has seen BOOSTS in spending on all three … so, your assessment is dead wrong.
US defense industry has foreign customers with outside cash. Russia has fewer foreign customers and is reliant on internal spending from Kremlin.
That's not my money and he's the president
Are u aware your hairs is on spec?
3:11 that is what you guys have been doing how can we trust you 🤔
Why DW always against Russia and Palestinian
Потому что, кто девушку кормит, тот её и танцует😅 Закон жизни - говорящие головы хотят кушать, поэтому они озвучивают то, за что платит хозяин. За правду сейчас не платят😂
How much the united state and nato spending in wars !? despite of having millions of people homeless ..
The Russian key interest rate is 18%. The current American Fed interest rate is 5.25%-5.50%. Gazprom made in 2023 a loss of $6.9bn. Oil export is Russia's largest income source. If Putin stops the war Russia can spend a lot of money on pensioners and poor folks in Russia.
@@dweb Does Russia has also trillions of debt ?
@@eddastrohmayer251 And getting bigger every day.
@@nigelgarrett7970 yes, true, USA only live of money printing
Hidden costs of war,
DW captioned.
You obviously has never read Sun Tze art of war..
War is extremely costly,
Sun Tze art of war , first chapter.
😂😂😂
Show the data not your bs opinion.
Uh uh uh, i i i , the the the.😂 Sorry couldn't help myself. 😅
Meanwhile the US is now 35 trillion in debt LOL
Wrap your head around that - bums
if they raised taxes to a Russian level, they would be debt-free.
people are willing to buy our debt, when was the last time russia was able to float a bond on western markets?
US debt stats: 21% is intragovernmental -> debt is at 100% of GDP. So 28t is held by "the public"
Then of that, the federal reserve system owns like 5.3tn (19%). State and local governments are at $1.7tn (6%), so we're at 70% debt to GDP level (21/29tn).
Then we can start having it comparable to other countries' debt in terms of "is it a crisis", though technically still need to remove pension and mutual funds, and other domestic stuff; pension because it's good as secure debt for old age taking care of citizens, so reduces social cost, and other domestic can just be brought back by raising taxes.
So of the $35tn of debt, the external debt is at $8tn / 29tn, or
A debt we owe to ourselves with the world’s reserve currency and the strongest military and leader of technology and the largest gold reserves in the world. The closest to GDP being China that states a GDP 50% higher than anyone actually believes and their debt is astronomical. Not including the 1 trillion in Chinese Bonds the American Bondholders Association owns. The US has most Fortune 500 company’s and the world deepest capital markets by a mile
Her accent doesn't really sound "Russian" 🤨
you must be an expert
It is there but its not as pronounced. Probably living in an english speaking society for a few years at least.
Sorry her English is too good for your taste.
They are hiding. To hide all the crime. Blood money.
Resepct for me political watching is good to stared sancionsions
Let it fall and you talk after
Top body shaming Mr/Mrs Cameraman/WomanCameraman.
Russia as core country of the Soviet Union back then benefited a lot from the economies of the member states. A lot of the soviet military and civil production took place in Warsaw Pact states, not in Russia itself. With the split up of the USSR (CCCP), this network was gone and Russia had to buy it´s stuff from these countries on the world market. The russian power Vladolf Putler talks about was the power of the USSR economy. This power is gone, because the network is gone. Just think about how much of the military equipment used by Russia in Ukraine is actually made in Ukraine.
bro in what world do u live xDDDD only an emotional fool would speak down on a country with the largest land mass, massive ressources and potential, because of his political leaning
Where do all the economic data about Russia come from? Russian officials? They must be true, then.
@Vladimir_Milov better explains russia economy state.
How is EU doing Uncle 😅
Russia's gdp grew- quotes to Russian agencies only...
Well
You see
There has to be a north to support the south end
Thats how power rolls
Without one or the other
Its monopolly
Putin should be elevated to a russian demi god status
The gloom or boom in Russia’s economy is heavily depends on the price of international oil.The reason why Russia can insist on invading Ukraine for over two years but not exhausted is US have not determine to plummet the price of oil.
aren't Biden was trying to by flooding the market by federal oil reserves?
Partly true. Russian oil is still flawed. Most is in crude form. Tankers are uninsured which means fewer shipments. Even with India and China buying more, EU is slowly reducing its purchasing.
Vladimir Putin is the smartest and most well prepared statesman of our days.
@@uhwake Out of any smart argumernts? 🤣🤣🤣🤣🤣
Putin bot, ignore 😊
@@ronibieri2357 Hahahaha another foolish one out of any smart arguments Hahahaha Hahahaha
Sure. everything is going according to his plan, Kyiv in three days!
Can't argue against that.
If the prospective Russian Recession is bad enough that might be enough to get rid of Putin.
25 years of darkness. He’s the Overlord
Russia doesn't need your approval to succeed. European made delusional that russia will collapse after the war. If the war pushing the economy up, why don't you stop the war then? Wouldn't that accelerate Russia's collapse. Russia has moved on and the Russians are having much better life than you and you cant anything about it. Deal with it!
And for every additional year of this madness, it will take Russia even more time to recover.
Like 1,000 years, @@dubsar?
@dubsar No, the West will make the same mistake in coming to the rescue with suitcases of euros and dollars like they have done in the 90s.
Labor problems can be solved with better mgt systems like lean systems and also the use of robots. The Russian manufacturing is so crude, that introducing robots can free lots of labor.
Elon Musk we recognized you. :D
Is it time for Putin to retire?
you probably did not like the successor.
Pero gose i site cajkani imaat sankcii
Russia has learned to make money in crisis. Would be wise to follow a strong leader than a mumbling, always falling joker.
They don´t "make" money.
They produce but they don´t sell what they have produced. This kind of production counts for GDP but there is no money coming into the coutry.
That´s left pocket, right pocket.
Why would anyone have their hair in front of their eyes all the time?
Pero me udri ama toj kje si dobie sankcii
Jai Hind. Putin is getting richer and richer as the MIC expand to meet the needs of the War.
The army of "experts" has been predicting the collapse of the Russian economy for years. But everything is postponed for later.
I'm not a fan of listening to these talking heads. I just see that new enterprises have begun to be built en masse, there are not enough workers, wages have begun to rise due to competition. And the cash flow that flowed abroad was blocked and now this money has to be mastered in Russia, so something is being built everywhere, from parks to factories.
Let's see what happens next
Yes, let's see what happens next.
North Korea had a good economy from 1950s-1980s, but it later collapsed in 1990s. Russian economy won’t collapse tomorrow, but this current path is unsustainable. Russia is overly focused on oil and military with future decades at risk.
Here in Russia, there is no inflation, food prices are affordable, you can fill your fridge with 20 dollars for the whole week, and prices are not rippers like in US or Europe, and there are no homeless on the streets.
Keep repeating that to yourself. Good luck, we dont care about Russia. We care about the safety of our living Standard in the EU. So we welcome Ukraine. Bye
The homeless were on the front line I guess.
So if there is no inflation in Russia why does the Bank of Russia say it's 8.6%, and that it raised its base rate to 18% to bring it down? You really are a terrible liar, have you thought about a career change? Find something that you are good at instead?
Ironic, Europe's economy is down while Russia growth booming from year on year and classifed as high-income economy by World Bank.
It's funny, nobody says WHAT caused the World Bank to classify Russia in that way, or what the threshold is for such a classification. Why is that?
The President of World Bank has always been a US citizen so its reporting are the Gospel Truth.
@@nigelgarrett7970
Details available at World Bank website
Please enlighten yourself
Bulgaria got classified as high income, wouldn't really consider that a high bar.
At 14250 USD per year, that's way below the Euro Area 43k per year.
The “income” is not sustainable. While some poorer Russians have money, it is from death or disability due to war in Ukraine. Many Russian educated fled and they are needed for transition after war. If Russia were a business, it would have high gross revenue with lower profitability and dwindling workforce to maintain productivity.
DW is busy counting Russia’s cash, as per usual… 😑
Yes... DW... Only Address for accessing objectively arranged news.
Sorry bro you have sanaciion taka koga sakas da bides fraer
This interview feels like a king summoning a court magician to perform divination to forecast an enemie's demise, and have a court jester narrate it.
The western economies are in bad condition and will dive furthur due to increase in defense budget. Secondly the threat of china will put more pressure on western economies and Russian cheap energy will be required which will drive Russian economy furthur.
No. We are not buying tainted oil from fascist Russia.
Russia should withdraw their troops out of Ukraine so Ukraine can rebuild their nation again.
Russia doesn't need your approval to succeed. European made delusional that russia will collapse after the war. If the war pushing the economy up, why don't you stop the war then? Wouldn't that accelerate Russia's collapse. Russia has moved on and the Russians are having much better life than you and you cant anything about it. Deal with it!
😎🇷🇺🎉🎊🇷🇺🎉🎊😎
Trump wants to be just like him
DW and the west will continue to wait in their Graves for the Russian economy to fall 😂😂
12 years of Obama soon to be
Russia has gained alot by trade with India and China.
US economy has been flat since the year 2000. Can we talk about this economy? All the “growth” is due to inflation and changes to the formula of GDP (intellectual property has been added to the formula, even though it can be easily stolen).
Wdym? The US economy has rose from 10 trillion to 30 trillion and we are the one with the inventions, not other states stealing them from US based corporations. That GDP figure also doesn’t consider the immigration and how many people are rising into the middle class.
250% growth since 2000 is flat? Are you joking?
@@sergiyrospysdiyenko6224 Inflation and adjustments to GDP formula.
$10.5tn vs $29tn, have you been smoking stuff?
🫡🫡🫡
Why don't show russian ecinomy in recent days, compare with european economy
Save hindu Bangladesh u 🤫🤫🤫🤫🤫🤫🤫🤫
Lol.
Russia's economy is stronger now than before the war. Economic sanctions were all but ineffective and the future looks bright knowing you're on the right side of history.
Hhhhh you need knowledge around economy... Russia is collapsing its economy....
Thanks for the biggest laugh of the day!
😅😅😅😅
I feel Russia is way bigger country and more energy efficient than most countries that’s why they maintain their economy better than most countries. I don’t think sanctions will work against Russia
This is complete nonsense. Putler will lose his war because Ukraine will continue to attack Russia's energy industry extremely, ultimately bringing the war economy to its knees.
Russia trade is only cut off from the EU. It has gained many other trading partners because of the sanctions. BRICS is larger than G7.
It's about quality, not quantity. The USA and the EU are the world. The rest orbits around them.
@@dubsar depends on who is telling the story. Russia and China together have quantity and quality without like the US being $31 trillion in debt. The US debt so large where many financial analysts are opining that the size of that debt is beyond repaying it all. Furthermore BRICS is now surpassed the G7 block.
@@willemhill2265 It's all about quality. Young people are always misled by false promises, but they eventually find out when they are being lied to. And revolt.
@@willemhill2265 its already $35T
How exactly does Russia trade with most of BRICS? Brazil and South Africa are too far away to be profitable, India basically bought everything they could at a price where Russia didn't make a cent, and China's buying it at $68/barrel including insurance and freight cost, so within a dollar or two after removing those at what the EU price cap is.
Gas requires pipelines or other infrastructure, they're not selling it to anyone else for a while.
Ohhm the copium is much diluted, is it still doing the soothing?
Crazy world we live in: the guy is pregnant !!!!
I am normally against "dress for success", but she should be dressed better as it takes away from her message
❤❤Putin
War sanctions have caused Russia to develop cooperation with China and India - these are markets that will grow for the next 50 years.
On the other hand, Europe has very poor development prospects, due to the "green deal" and Fit for 55.
I am not worried about Russia, but I am worried about Europe.
Dear Mr. Putin & all russian,
God bless you❤
25 years as a president of a country? My concern is if the citizens wants to try something different can they be able to do so? But if if the citizens are happy with him in power then i have no problem even if he rules forever
Read up on "manufactured consent." Even when it's not a hard dictatorship with total control of information, which Putin is and has, you want absolute term limits to avoid that kind of gaming.
Russia isn’t a democracy though, or rather it is illiberal with the president having way too much power and the branches of the state have little power to check him/her.