The Demolition of Russia's Economy

Discussion in 'Politics' started by gwb-trading, Mar 4, 2022.

  1. Italy switching sides in a tough conflict.

    That's something new.

    OR NOT.
     
    #1051     Sep 6, 2022
  2. Cuddles

    Cuddles

    oh...so no technical issues with the pipeline after all?:rolleyes:
     
    #1052     Sep 6, 2022
  3. gwb-trading

    gwb-trading

    Last edited: Sep 6, 2022
    #1053     Sep 6, 2022
  4. Tsing Tao

    Tsing Tao

    From The Sun, so take it with all the usual skepticism one has when reading Sun articles. But is there truth to it?

    [​IMG]
     
    #1054     Sep 6, 2022
  5. terr

    terr

    Fake news. He actually specifically refused to rent that to Russians.
     
    #1055     Sep 6, 2022
  6. gwb-trading

    gwb-trading


    The fake news being pushed from the Kremlin via RT is amusing. With the added bonus that the villa in question may not be owned by Zelensky -- because it was on the market earlier & may have been sold already. Here is the reality.


    The Russians in the Italian Villa Zelensky? The agent is speaking
    https://www.moviesonline.ca/the-russians-in-the-italian-villa-zelensky-the-agent-is-speaking/

    According to El Tirreno newspaper, Volodymyr Zelensky and his wife were to rent their villa in Forte dei Marmi to a Russian couple. The Ukrainian president was supposed to collect up to 50,000. Euros per month.

    Claudio Salvini, the real estate agent who deals with the villa, categorically denied this information. He said in an interview with the newspaper “La Stampa” that the owner of the property prevented the Russians from renting it. – We can rent to anyone, as long as they have a different nationality: for Europeans, Americans, etc. – he confirmed.

    Salvini added that he may have heard someone speaking Russian as he passed and concluded that there were Russians in the house. – But I categorically deny it. He said they might have been guests, but they weren’t the tenants.

    ZELENSKY SELLS A VILLA IN ITALY FOR 4.5 MILLION EUROS – MEDIA (PHOTO, VIDEO)
    https://goldinvesting.news/posts/ze...-italy-for-45-million-euros-media-photo-video
     
    #1056     Sep 6, 2022
  7. gwb-trading

    gwb-trading

    #1057     Sep 7, 2022
    virtusa and SunTrader like this.
  8. gwb-trading

    gwb-trading

    Leaked papers expose Putin's economic fears as Russia could face eight years of turmoil
    VLADIMIR PUTIN'S economic fears have been exposed as the Russian despot prepares for up to eight more years of turmoil.
    https://www.express.co.uk/news/world/1665839/russia-economy-vladimir-putin-news-ukraine-war-rouble

    Leaked documents reveal Russia faces a deep and long recession as the impact of harsh sanctions by Europe and the US takes a financial toll on the Kremlin in the wake of its illegal invasion of Ukraine. Russia’s economy minister confirmed the internal report prepared for the government, which predicts scenarios like the nation’s GDP not recovering until the end of 2030, according to Bloomberg.

    The news comes despite Putin today telling an economic forum in Russia's far east that the West's futile and aggressive attempts to isolate Russia with sanctions were failing.

    But the report paints a dire picture in comparison to the upbeat public announcements by the Kremlin which say they can overcome crippling sanctions by the West.

    This year, the rouble has been the world's best-performing currency, buoyed by emergency capital controls rolled out by the central bank in a bid to halt a mass sell-off after February 24 when Russia began what it calls "a special military operation" in Ukraine.

    This helped to avoid an economic meltdown that many had predicted and has allowed Russian officials to make more positive forecasts about the health of the economy.

    But in the report’s “inertial” scenario, Russia’s doomed economy suffers a 8.3 percent peak-to-trough slump by 2023, while the “stress” scenario sees a low in 2024 at 11.9 percent under the previous year’s level.

    The report also predicted a “reduced production volumes in a range of export-oriented sectors” such as metals and oil and gas.

    Speaking about imports, the report said: “The main short-term risk is the suspension of production due to lack of imported raw materials and components.”

    And it warned of permanently limited growth due to the inability to repair imported equipment over the long term.

    The report also said there was a big risk of production being suspended due to Russian firms struggling to bring in materials, saying: “There are simply no alternative suppliers for some critical imports”.

    This is because Russia’s aviation, agriculture and pharmaceutical sectors are all heavily reliant on the import of products and Western technology.

    Speaking about imports, the report said: “The main short-term risk is the suspension of production due to lack of imported raw materials and components.”

    And it warned of permanently limited growth due to the inability to repair imported equipment over the long term.

    The report also said there was a big risk of production being suspended due to Russian firms struggling to bring in materials, saying: “There are simply no alternative suppliers for some critical imports”.

    This is because Russia’s aviation, agriculture and pharmaceutical sectors are all heavily reliant on the import of products and Western technology.

    However, he did, acknowledge some difficulties in some industries and regions.

    Speaking at Russia's Eastern Economic Forum in Vladivostok, Putin revealed firms that were depending on supplies from Europe were among those struggling.

    He said the West's sanctions were short-sighted and a danger for the entire world which he said was increasingly turning towards Asia.

    The Russian despot accused the West of undermining the global economy with an "aggressive" attempt to impose its dominance across the world.

    Putin, Russia's paramount leader since 1999, added: "We have not lost anything and will not lose anything.
     
    #1058     Sep 7, 2022
  9. Tsing Tao

    Tsing Tao

    Can you provide something other than your word on this? Because the Italian newspaper was reporting on it, and they're not exactly known to be the bastion of truth - but I can't say with certainty that you are either.
     
    #1059     Sep 7, 2022
  10. Tsing Tao

    Tsing Tao

    Demolition of the Russian, er...German economy.

     
    #1060     Sep 7, 2022