Russia is now in a war economy. It won't go until the total mobilization, but the economy is growing. And there are resources, so sanctions are meaningless. Russia is ranked 5th in purchasing power parity, so it has surprisingly economic power. Ukrainian fanatics in the comments section, please think before commenting.
Did you know this so called "orders from ministry of defence" comprise only about 6% of Russia's GDP growth. So 94% of this growth (+3.5% in 2023) is civilian.
Nothing comes for nothing. To boost all this growth they are actually burning their reserves, mostly dollars. How do you think they make military factory salaries attractive? Pay contractors , soldiers? Now what other employers have to do? That’s right, raise salaries as well. And all this results inflation. And you know what that results eventually.
As long as the state has money and is paying for it yes. But it is running large deficits it can only cover by either printing more money or digging into reserves. Money doesn't just come from nowhere.
Not really. While you have growing costs on one side you also have decreasing income on the other. Yeah for now you can fund the war but the money has to come from somewhere. And that will either be by printing more money which will effectively make the economy pay or by digging into reserves/borrowing money which will cause dept to pay off for generations to come... You guys are in for a treat...
@@larshoernle5400 Are you talking about the west and the US in particular? Because today Russia has no debt to speak of, but the US has trillions in debt 😅😅 So if Russia starts accumulating debt today, it will still have decades before it becomes an issue. Many European countries have over 100% debt, compared to Russia which since Putin arrived, has kept its debt at the very minimal figure. Also Russia still has money influx. They never stopped exporting and never will. They've gained new markets for their oil, gas, steel, wheat, nuclear power plants... So yeah, Russia is actually doing pretty well so far. And there's no sign it's going to stop with more sanctions. (What's left to be sanctioned anyway? I think the West has actually run out of sanctions to implement as of today)😂😂😂
Russia becoming independent from external spending is what every nation should strive towards, becoming dependent on geopolitical and external economics will enslave a nations economics and politics, make them at the mercy of other nation buying their exports.
So, who makes the ball bearings for Russian railroad cars? What's up with the grounded planes? You gonna make them yourselves? Russia without exports is the land of sticks, stones, hammers and sickles...and starvation. Learn the hard way again.
@@oldernu1250 Russia has it's own aviation industry which was put on backburner as they trusted west but not anymore.China also launching it's own airplanes.
The Sanctions are impacting the West more than anyone. My husband works for a major car company and they can't get the parts they need, as they have to have certification that they've not been made using and component/metal from Russia. This is impossible a lot of the time, so they can't get vital engine parts through customs. Projects/testing is being delayed because of this, costing them millions, which puts western companies/jobs at risk. People need to wake up to reality. When have sanctions ever worked in a way intended? I'll wait ........
The US imported more than $1 billion worth of Russian uranium from January through November 2023, RIA Novosti reported on Monday, citing data from the US statistics service. In November alone, Russian exports of the nuclear fuel to the US amounted to $96 million. That made the sanctions-hit nation the biggest provider of uranium to America for the first time since May, when supplies totaled $177 million.
The West is impotent against Russia. The general population are not complaining as Russian factories are manufacturing homegrown Russian goods instead of importing. Unemployment figures are much lower than before the war.
Its awful that EU and USA citizens are paying their money for these sanctions, and listening to lie on their TV that these sanctions made Russia the most uncomfortable country to live in. But it has nothing common with reality: Russian economy starts growing and the citizens of Moscow, St. Petersburg and Nizhny Novgorod, for example, still lead an enjoyable well-being with no ups and downs. Russians really love to travel around the world and after the EU limit an opportunity to visit for Russians, we started to travel around our country, and I can say that its not worse than EU. Instead of closing the ''gates'' it is better finding opportunities of mutual benefits in tourism, like it does the Asians and the Middle East. We are really friendly and we are looking forward to coming guests from The USA and EU.
@@avisaviss3245 GDP is calculated by governemnt spending + consumer and etc. The GDP increase is due to the governemnt pumping more money in to the war machine, where it will be destroyed by 40 year old NATO tanks and equipment
GDP is only a measure define by some members of the government to help make a macro economic of the nation go in the right way, it is not a track and field run to get higher the better. GDP can be modified to get the good number but in reality it is worst for the nation. The IMF and World bank give a guide line to these criteria but not show in detail because each nation have different characters. Russia GDP is good but it is not reflect some other factor like FDI, ICOR, PE , if we look these factor of Russia closely, we will see it more and the economic of Russia is about become a second North Korea (bigger, of course), the Russia become a closed nation, the living cost is OK for whole people but it lower and lower follow the time going.
The Russian economy is "growing" by Russian statistics, and because Russia is running a war economy. But this creates an enormous deficit; Russian revenues are down and spending is up. Russia has a terible labor shortage now; admitted to be 5 million skiilled workers. This is driving substantial wage inflation, and the value of the Ruble has fallen badly against foreign currencies. This isn't sustainable, and Putin knows it.
It's not like the US doesn't have massive problems too, plus they're funding two wars now instead of one so it seems even less sustainable on that front
Exactly. Inflation at 7.7% while interest rates at 15%.... and still inflation is rising. This high rates slow the economy even more. Maybe gdp might be up, but this is a selfreported number to IMF. With revenues down and boosting military spending by 70% this will hurt russia in the long term for sure
@@alinaqirizvi1441 you are definetly right. Turkey situation is awful. But that doesnt discredit what i typed before. Comparing rotten apple with rotten apple. Saying this rotten apple taste better than the othet
@@appakinggg I know but it shows how bad the situation there is when a country with a literal war is in better shape than them. I think Russia's war isn't that unsustainable considering the fact that the Americans have to fund 2 wars now, and their equipment is way more expensive, shahed-136s are way cheaper for Russia to manufacture than the missiles that shoot them down. Also Russia's economy may stabilise and adjust to the new normal over time.
What utter bollocks. Russia has lost forever its largest single export market. It’s own figures show it has lost over a third of the income it needs to run the state. That money and income is never ever coming back. What else does it have to sell?
The place of Western companies in Russia has been taken by Russian ones, therefore the money that the West earned now remains within the country. Just imagine how many industries and jobs have appeared thanks to the departure of, for example, some Coca-Cola, which Russian producers had to replace. I think in the long run this is very good
the west does not exist as one economy.. losses of market share by Russia taking over a part of a market are irrelevant. Russia buying things off Russia is the same as taking money out of one of your pockets and putting it in another of your pockets….you are not richer!. There is nothing Russia can produce that will ever replace the income it received from the west via oil, gas and coal sales.@@ruslan_nurgaleev
I think you dont understand nothing in economy. In todays economy everyone depend on each other. Which means that if Russia lost some market that market needs some goods. So prices will go way up as there is a huge demand and one of the biggest exporters doesnt trades with biggest buyer. Also you need to keep in mind that for instance oil is not produced according to demand. Production of oil is limited and controlled by OPEC+ where Russia and Saudi Arabia are the major players. So if there is not enough product in the market and there is high demand it means that prices will skyrocket. So the words which you are saying "market will never come back" and "how they make money" doesnt work in todays world.
@@TajZver I think it's you who don't understand anything about economics. Russia doesn’t care about the Western market, because all we supplied there were energy resources, now Russia supplies them to Asia. No problem. But the West has lost a lot. Firstly, cheap energy resources for your economy. Secondly, there was no production of everyday goods in Russia before; everything was imported from the West. Accordingly, the profits from these goods mostly went to the West. Now everything has begun to be produced within the country. I live in Russia and I know how many new enterprises are opening and what a terrible shortage of workers there is. You don’t have to be an economist to understand that Russia has good prospects for the future. The fact that the Russian economy has grown despite the war and sanctions already speaks volumes. And this is not Russian propaganda, but IMF data
@@ruslan_nurgaleevHey man do you understand English? Read what I wrote in my previous post I wrote exactly what you wrote but in different way. Also I said that West also depends on Russian oil not only Russia on West. Чувак сначала читай нормально.
Hey, brainlets of the west! You guys should take a look at Russia's nominal GDP and GDP-PPP in 2023! 😂 I don't think Russia is collapsing any time soon.
maybe you should learn how gdp is calculated. Governemt spending + consumer. all that gdp increae is going into the millitary, where ukrainians will obliterate it with 40 year old nato equipment
@@masterchief2402 Lol, it's called gross domestic product, PRODUCT, as in goods and services produced. Not "spending", you self-humiliating m*ron. 😂 Also in which interesting alternative dimension is Ukraine whoopin' Russia's a** again? You care to show me some proof of said a**-whooping? Or is it all just inside your head? 😂
So historically low unemployment is a labour shortage. But high unemployment to labour is good for not having labour shortage :D it's about optimists and pessimists. Anyway +3.5% to GDP is a good result.
Russia is now in a war economy. It won't go until the total mobilization, but the economy is growing. And there are resources, so sanctions are meaningless. Russia is ranked 5th in purchasing power parity, so it has surprisingly economic power. Ukrainian fanatics in the comments section, please think before commenting.
Did you know this so called "orders from ministry of defence" comprise only about 6% of Russia's GDP growth. So 94% of this growth (+3.5% in 2023) is civilian.
That's funny,even if the economy is doing good.because of the on going war there won't be a lot of people spending that money.
Yeah and in GDP (PPP) per capita it ranks 55. What a shithole compared to the West
Nothing comes for nothing. To boost all this growth they are actually burning their reserves, mostly dollars. How do you think they make military factory salaries attractive? Pay contractors , soldiers? Now what other employers have to do? That’s right, raise salaries as well. And all this results inflation. And you know what that results eventually.
Ruusi have faithful allies... Not every country can say the same
Arab world should learn from Russia
Arab world should join hands with Russia, China and Iran.
Imagine a country that discovers waging war boosts the economy
As long as the state has money and is paying for it yes. But it is running large deficits it can only cover by either printing more money or digging into reserves. Money doesn't just come from nowhere.
They are burning the sovereign wealth fund and end of 24 should be close to fully used. Then solution will be to print money
User sounds right.
@filmdude5058 You know economics like a Soviet.
🤣🤣🤣I'm not laughing
Because local businesses replaced western ones and besides some European , oceanian and Anglo-American countries no one stopped business with them
Sending love to Russia from Canada ❤❤ mother Russia can't be defeated
when they have Turkish friends,.Bravo...
The spirit of the Russian 🇷🇺 people is simply indomitable 🐻💪🕊️
Doesn't seem like that on the battlefield.
Their two day war didn't work out.
@@al-bot1094 well they're making gains
Ha ha….two miles in nine years losing nearly a thousand soldiers a day. That’s sounds like a win.@@alinaqirizvi1441
Not really. While you have growing costs on one side you also have decreasing income on the other. Yeah for now you can fund the war but the money has to come from somewhere. And that will either be by printing more money which will effectively make the economy pay or by digging into reserves/borrowing money which will cause dept to pay off for generations to come... You guys are in for a treat...
@@larshoernle5400 Are you talking about the west and the US in particular? Because today Russia has no debt to speak of, but the US has trillions in debt 😅😅
So if Russia starts accumulating debt today, it will still have decades before it becomes an issue. Many European countries have over 100% debt, compared to Russia which since Putin arrived, has kept its debt at the very minimal figure.
Also Russia still has money influx. They never stopped exporting and never will. They've gained new markets for their oil, gas, steel, wheat, nuclear power plants...
So yeah, Russia is actually doing pretty well so far. And there's no sign it's going to stop with more sanctions. (What's left to be sanctioned anyway? I think the West has actually run out of sanctions to implement as of today)😂😂😂
Russia becoming independent from external spending is what every nation should strive towards, becoming dependent on geopolitical and external economics will enslave a nations economics and politics, make them at the mercy of other nation buying their exports.
So, who makes the ball bearings for Russian railroad cars? What's up with the grounded planes? You gonna make them yourselves? Russia without exports is the land of sticks, stones, hammers and sickles...and starvation. Learn the hard way again.
@@oldernu1250 Интересно как находятся люди, которые до сих пор живут пропагандой времён холодной войны)
yup.
@@oldernu1250 Russia has it's own aviation industry which was put on backburner as they trusted west but not anymore.China also launching it's own airplanes.
The Sanctions are impacting the West more than anyone. My husband works for a major car company and they can't get the parts they need, as they have to have certification that they've not been made using and component/metal from Russia. This is impossible a lot of the time, so they can't get vital engine parts through customs. Projects/testing is being delayed because of this, costing them millions, which puts western companies/jobs at risk. People need to wake up to reality. When have sanctions ever worked in a way intended? I'll wait ........
The US imported more than $1 billion worth of Russian uranium from January through November 2023, RIA Novosti reported on Monday, citing data from the US statistics service.
In November alone, Russian exports of the nuclear fuel to the US amounted to $96 million. That made the sanctions-hit nation the biggest provider of uranium to America for the first time since May, when supplies totaled $177 million.
This is so minimum level…you need to understand that PUTIN is going to russia to 5th level country…
The West is impotent against Russia. The general population are not complaining as Russian factories are manufacturing homegrown Russian goods instead of importing. Unemployment figures are much lower than before the war.
Respect 😀😀😀
Thats great!
Its awful that EU and USA citizens are paying their money for these sanctions, and listening to lie on their TV that these sanctions made Russia the most uncomfortable country to live in. But it has nothing common with reality: Russian economy starts growing and the citizens of Moscow, St. Petersburg and Nizhny Novgorod, for example, still lead an enjoyable well-being with no ups and downs. Russians really love to travel around the world and after the EU limit an opportunity to visit for Russians, we started to travel around our country, and I can say that its not worse than EU. Instead of closing the ''gates'' it is better finding opportunities of mutual benefits in tourism, like it does the Asians and the Middle East. We are really friendly and we are looking forward to coming guests from The USA and EU.
Hoorah, salute to Russia they are a resilient people.
I wonder whether that journalist feels any kind of fear when she speaks...
Growing Lies
Lol keep it up Western hypocrite 😅
5,5 % growth
@@avisaviss3245 GDP is calculated by governemnt spending + consumer and etc. The GDP increase is due to the governemnt pumping more money in to the war machine, where it will be destroyed by 40 year old NATO tanks and equipment
Big up to Russia
🇵🇸🇵🇸🇵🇸🇷🇺🇷🇺🇷🇺
Uraa!
GDP is only a measure define by some members of the government to help make a macro economic of the nation go in the right way, it is not a track and field run to get higher the better. GDP can be modified to get the good number but in reality it is worst for the nation. The IMF and World bank give a guide line to these criteria but not show in detail because each nation have different characters. Russia GDP is good but it is not reflect some other factor like FDI, ICOR, PE , if we look these factor of Russia closely, we will see it more and the economic of Russia is about become a second North Korea (bigger, of course), the Russia become a closed nation, the living cost is OK for whole people but it lower and lower follow the time going.
No it doesn't
No it does not
Except that it didn't.
Sure it is 😂
By the looks of Russia's economy currently, the sanctions did little to affect the economy on a vast scale at this point.
It's just the beginning by March or April the rubble will be around 120-130 to 1 US dollar, and inflation at 40%, enjoy!
we were promised 200 a year ago
And that does make it better how?@@ruslan_nurgaleev
Let’s see in 2 months
@@neptunefog6082 it's May, and?))
@@olgagazizova6148 euro even went down a bit so the ‘genius’ in the first comment was predictably wrong
Nonsense
Russian economy is top of the world !❤
У нас все отлично. Putin❤
mother russia
Its growing.
From what?
Yes!
Average income is not growing, prices are rising, the fonctionners's salaries might grow, i believe it))).
ZV☝
Good for Russia!
The Russian economy is "growing" by Russian statistics, and because Russia is running a war economy. But this creates an enormous deficit; Russian revenues are down and spending is up. Russia has a terible labor shortage now; admitted to be 5 million skiilled workers. This is driving substantial wage inflation, and the value of the Ruble has fallen badly against foreign currencies. This isn't sustainable, and Putin knows it.
It's not like the US doesn't have massive problems too, plus they're funding two wars now instead of one so it seems even less sustainable on that front
Exactly. Inflation at 7.7% while interest rates at 15%.... and still inflation is rising.
This high rates slow the economy even more.
Maybe gdp might be up, but this is a selfreported number to IMF.
With revenues down and boosting military spending by 70% this will hurt russia in the long term for sure
@@appakinggg at least it's not 70% inflation with 50% interest rates like Turkey
@@alinaqirizvi1441 you are definetly right.
Turkey situation is awful. But that doesnt discredit what i typed before.
Comparing rotten apple with rotten apple. Saying this rotten apple taste better than the othet
@@appakinggg I know but it shows how bad the situation there is when a country with a literal war is in better shape than them. I think Russia's war isn't that unsustainable considering the fact that the Americans have to fund 2 wars now, and their equipment is way more expensive, shahed-136s are way cheaper for Russia to manufacture than the missiles that shoot them down. Also Russia's economy may stabilise and adjust to the new normal over time.
Russian economy is in great shape , reports Dasha from Russia, he he he , what else would she report ?
What utter bollocks. Russia has lost forever its largest single export market. It’s own figures show it has lost over a third of the income it needs to run the state. That money and income is never ever coming back. What else does it have to sell?
The place of Western companies in Russia has been taken by Russian ones, therefore the money that the West earned now remains within the country. Just imagine how many industries and jobs have appeared thanks to the departure of, for example, some Coca-Cola, which Russian producers had to replace. I think in the long run this is very good
the west does not exist as one economy.. losses of market share by Russia taking over a part of a market are irrelevant. Russia buying things off Russia is the same as taking money out of one of your pockets and putting it in another of your pockets….you are not richer!. There is nothing Russia can produce that will ever replace the income it received from the west via oil, gas and coal sales.@@ruslan_nurgaleev
I think you dont understand nothing in economy. In todays economy everyone depend on each other. Which means that if Russia lost some market that market needs some goods. So prices will go way up as there is a huge demand and one of the biggest exporters doesnt trades with biggest buyer. Also you need to keep in mind that for instance oil is not produced according to demand. Production of oil is limited and controlled by OPEC+ where Russia and Saudi Arabia are the major players. So if there is not enough product in the market and there is high demand it means that prices will skyrocket. So the words which you are saying "market will never come back" and "how they make money" doesnt work in todays world.
@@TajZver I think it's you who don't understand anything about economics.
Russia doesn’t care about the Western market, because all we supplied there were energy resources, now Russia supplies them to Asia. No problem.
But the West has lost a lot.
Firstly, cheap energy resources for your economy.
Secondly, there was no production of everyday goods in Russia before; everything was imported from the West. Accordingly, the profits from these goods mostly went to the West.
Now everything has begun to be produced within the country.
I live in Russia and I know how many new enterprises are opening and what a terrible shortage of workers there is.
You don’t have to be an economist to understand that Russia has good prospects for the future. The fact that the Russian economy has grown despite the war and sanctions already speaks volumes. And this is not Russian propaganda, but IMF data
@@ruslan_nurgaleevHey man do you understand English? Read what I wrote in my previous post I wrote exactly what you wrote but in different way. Also I said that West also depends on Russian oil not only Russia on West. Чувак сначала читай нормально.
Russia is doomed
😂
Hey, brainlets of the west!
You guys should take a look at Russia's nominal GDP and GDP-PPP in 2023!
😂
I don't think Russia is collapsing any time soon.
maybe you should learn how gdp is calculated. Governemt spending + consumer. all that gdp increae is going into the millitary, where ukrainians will obliterate it with 40 year old nato equipment
@@masterchief2402 Lol, it's called gross domestic product, PRODUCT, as in goods and services produced. Not "spending", you self-humiliating m*ron. 😂
Also in which interesting alternative dimension is Ukraine whoopin' Russia's a** again?
You care to show me some proof of said a**-whooping? Or is it all just inside your head? 😂
Growing 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂lies
Like your mother cheated on your father 😂😂😂
5,5 % growth
😂😂😂. What a load of rubbish
Are you kid
😂😂😂😂😂
So historically low unemployment is a labour shortage. But high unemployment to labour is good for not having labour shortage :D it's about optimists and pessimists. Anyway +3.5% to GDP is a good result.