Yep. You have countries that have banned but some of their ports not complying. And then the opposite situation where some countries have not banned but the longshoremen won't load or unload their ships in their ports.
Sanctions Are Strangling Russia’s Weapons Supply Chain The good news for Ukraine is that sanctions are hurting Russia’s arms suppliers. The bad news is the effects aren’t immediate, for the most part. https://www.thedrive.com/the-war-zone/sanctions-are-strangling-russias-weapons-supply-chain
"Russian manufacturers will need to search for new partners, logistics, or switch to the production of products of previous generations," she said. "Products of previous generations." Does not sound zippy. As I have said couple times, "those who want/expect to see Russia turn into a roadkill as a result of sanctions will be disappointed. Not going to happen. But you will see them return to the level of Soviet Union and they are well on their way." Russia flags further rate cut, more budget spending https://www.reuters.com/business/fi...eturn-inflation-target-nabiullina-2022-04-18/
Here is the difference: 1. Soviet Union traded with the West quite a bit. Bought Western technology in order to build up local manufacturing. Look up who built all the huge Soviet projects. No more of that. 2. Soviet Union in 60-70s was fairly self-sufficient. Even if the industry was largely built by (poorly) copying Western technologies, it produced its own cars, TVs, refrigerators, tractors, etc etc etc. Even, eventually, computers (I worked with some). Much, much lower quality and much less advanced than in the West, but still - their own. Not Russia today. None of that is produced locally without foreign parts that are now sanctioned. I mean - they cannot even produce their own weapons right now (and Russia was always about their military first). The tank factory has stopped production, and so did the missile factory. How pathetic is that. So - no, it will not return to the level of Soviet Union now. It will take them literally decades of privation JUST to be able to get to the 70s Soviet times. Maybe.
Okay to all that. I was referring more to a return to a lower standard living and per cap income rather than the structure and activity of their economy. Most likely their standard of living is going to go south reminicient of Soviet times for some. Might be some of that going on right now.
The other- not so minor- point that I will add in here is that the old Soviet gang is not necessarily back together again so that makes some comparisons harder and work against Russia bit. There were winners and losers withing the Soviet Union and some of the winners were like Ukraine and Georgia, I believe, and they are gone now. Mostly anyway. And then there is the pile of eastern European countries that are gone so the number of cards that Russia has to play is more limited.
Putin’s ruble woes intensify ahead of crunch deadline: 'Russia is already in default' RUSSIA'S default on its debt now appears inevitable as a grim milestone for it to repay international investors looms within weeks. https://www.express.co.uk/news/worl...ault-deadline-ukraine-invasions-sanctions-spt The Russian economy is being decimated by sanctions in response to President Vladimir Putin’s invasion of Ukraine, which began eight weeks ago. The US has spearheaded global moves to punish Russia financially, with President Joe Biden unveiling new sanctions against the country two weeks ago over “major war crimes” near Kyiv. Speaking at the time, Mr Biden said: “We will keep raising the economic cost and ratchet up the pain for Putin and further increase Russia's economic isolation.” The impact of such sanctions is now laid bare as Russia has just two weeks to pay millions of dollars of debt or risk a default. On April 4, Russia paid $650 million worth of bond payments in rubles, the country’s official currency. The payments followed the US Treasury banning Russia from making debt payments using dollars held at American banks. Russia’s Finance Ministry claimed foreign banks had refused to accept payment for the money the country owes in dollars. The country will be considered to have technically defaulted on its debt if it pays dollar-denominated debts in rubles, ratings agencies have said. Ratings agency S&P Global has already placed Russia in the “selective default” category. The country is now required to settle the debt by May 4 when a 30-day grace period expires, Moody’s said earlier this month. If Russia fails to meet the payment deadline, it will be the first time the country has defaulted on its foreign debt for more than 100 years. Its last default came in the Bolshevik Revolution in 1918 when the Soviet Union repudiated the debt made by the Tsarist government. Kristalina Georgieva, the head of the International Monetary Fund, said in March: “We no longer think of Russian default as improbable.” Sovereign debt expert Tim Samples at the University of Georgia claimed the road ahead for Russia’s debt was likely to be complicated. He told the New York Times: “This points to the squishiness and patchwork nature of sovereign debt markets. “I think this is set to be convoluted and disputed for a variety of reasons.” It remains unclear what will happen if Russia does default on its foreign debt by not making payments due in the correct currencies by May 4. Three weeks after that deadline, on May 25, US bondholders will no longer be able to accept Russian debt payments. The temporary move, approved by the Treasury, means that Russia will be unable to make the repayments due to contracts stipulating those payments must be made in dollars. Some experts, like Timothy Ash, a strategist at BlueBay Asset Management, already consider Russia to be in default. He told the New York Times: “If Russia doesn't pay on time, doesn't pay in the currency in the contract, that’s a default — it’s crystal clear. “For all intents and purposes, Russia is already in default.” Russia has already claimed that any default would be an “artificial” result of US sanctions and has vowed to fight its case in court. Kenneth Rivlin, a partner at law firm Allen & Overy's in New York warned bondholders to start planning how to recoup the money owed by Russia. He told Reuters: “Bondholders are doing scenario planning now. If they're not, they should be. “I think it's going to be a long and winding road for bondholders to recover.” (Article has pictures and video)
This is fun. Russians decided they will produce old (80s) models of cars, without modern electronics, since they cannot get the parts for those. Also, no airbags and other safety features. But they are getting a problem with ABS systems. All modern cars come with ABS, and ABS are produced by Western companies (even in China). If you can't have electronic ABS, you have to have a mechanical system - brake power divider, called "koldun" in Russian, which has not been produced in a decade. So either they have to revive production in that, from scratch, or produce cars with no ABS system at all, which would mean great danger breaking in slick conditions (like Russian winters). Decisions, decisions.