if you count in fake currency like US dollars growth will be quite dramatic - probably 10%+ but why would you even care - US have fake currency and fake GDP so whatever number is needed just done by money printing Europe did the same Now money printing won't work as they will need to earn roubles somehow to get resources from Russia. Easy life with fake money is over
Economic sanctions should be maintained till all Russians that are identified for war crimes will be brought for a Western Court. If that conditon is not added not a single Russian accused of war crimes will be punished. I just realize that Putin should be brought to Court too then.
The European Union's statistics office Eurostat said the 19 countries sharing the euro recorded a trade deficit, unadjusted for seasonal swings, of 16.4 billion euros in March compared to a 22.5 billion surplus in March 2021. 39 billion euro swing from surplus to deficit in 1 year... The unadjusted value of imports in March rocketed by 35.4% year-on-year, Eurostat said, while the value of exports rose only 14.0%. The change in the value of energy imports was the most spectacular, with the deficit in energy trade almost tripling to 128.7 billion euros in the first three months of the year. The European Union's trade deficit with Russia -- its main energy supplier -- more than quadrupled to 45.2 billion euros in the first quarter from 10.8 billion in the same period of 2021. So much winning /sarc
On a Russian Talk Show, Retired Colonel Stuns Colleagues by Saying Invasion Isn't Going Well https://www.yahoo.com/news/russian-talk-show-retired-colonel-184207547.html
Google's Russian subsidiary to file for bankruptcy after bank account seized https://finance.yahoo.com/news/googles-russian-subsidiary-files-bankruptcy-110139021.html (Reuters) -Google's Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to pay staff and vendors, but free services including search and YouTube will keep operating, a Google spokesperson said on Wednesday. The Alphabet Inc unit has been under pressure in Russia for months for failing to delete content Moscow deems illegal and for restricting access to some Russian media on YouTube, but the Kremlin has so far stopped short of blocking access to the company's services. "The Russian authorities seizure of Google Russia's bank account has made it untenable for our Russia office to function, including employing and paying Russia-based employees, paying suppliers and vendors, and meeting other financial obligations," a Google spokesperson said. "Google Russia has published a notice of its intention to file for bankruptcy. A TV channel owned by a sanctioned Russian businessman said in April that bailiffs had seized 1 billion roubles ($15 million) from Google over its failure to restore access to its YouTube account, but this is the first time the U.S. tech giant has said its bank account as whole has been seized. Google did not immediately confirm whether it was the seizure of those funds that led to its intention to file for bankruptcy, or whether other seizures had occurred. The database of Russia's Federal Bailiffs Service listed two seizures since mid-March, without specifying the amounts, as well as other fines and enforcement fees. The service confirmed that it had seized Google assets and property. Google had moved many of its employees out of Russia since Moscow sent tens of thousands of troops into Ukraine on Feb. 24. But some had remained. A note posted on Russia's official registry Fedresurs on Wednesday said the Google subsidiary was intending to declare bankruptcy and since March 22 had foreseen an "inability to fulfil its monetary obligations," including severance pay, remuneration for current and former staff and timely mandatory payments. FREE SERVICES TO STAY Google, which has paused ad sales and most other commercial operations in Russia, said its free services, including Gmail, Maps, Android and Play, would remain available for Russian users. Russia said on Tuesday it was not planning to block Google's YouTube, in spite of repeated threats and fines, acknowledging that such a move would likely see Russian users suffer and should therefore be avoided. Rostelecom Chief Executive Mikhail Oseevskiy said on Wednesday that Google was operating as normal in the country, including all its servers, the TASS news agency reported. In December, Russia handed Google a 7.2 billion rouble charge for what Moscow said was a repeated failure to delete content Russia deems illegal, the first revenue-based penalty of that kind of case in Russia. That fine increased by 506 million roubles due to an enforcement fee, bailiffs data showed. Google's Russian subsidiary's 2021 revenue was 134.3 billion roubles, Interfax news agency's Spark database of Russian companies showed. Alphabet said last month that Russia accounted for 1% of its revenue last year, or about $2.6 billion.
So I can quote you when Russian government releases its figures? Where do you think all this GDP growth will be coming from?
So Russia's uncalled for violent invasion of a sovereign nation is causing wheat to not be shipped, price increases and starvation around the world. Yeah.... the world gets it.