by Chris Black
Russia’s economy is growing, and doing fine, while the West’s is going to shit.
We really taught those ruskies a lesson, didn’t we?
“I think we have about 54 companies that have contracts with Gazprom Export,” #Russia's Novak said. “According to the data I have, about half of them have already opened special accounts in our authorized bank” to pay for #gas in rublest.co/A1PDQhUHuQ
— Olga Tanas (@olyatanas) May 19, 2022
The US can keep dumping infinity weapons on the Ukraine. But they can’t really do anything else to Russia’s economy.
They’ve already done everything they could do, and Russia hasn’t really been terribly bothered by it.
The American economy has been drastically affected by Biden’s sanctions on Russia, which mortally wounded an economy that was already crippled under Biden.
As far as we can tell, the sanctions regime hasn’t really done anything to Russia at all.
Their economy is doing a lot better than America’s.
Russia says it achieved 3.5% economic growth in first quarter of 2022
Resource extraction and passenger transport drove the Russian economy. While growth is below 5% in fourth quarter 2021, official statistics do not show a major sanctions-induced collapse
— Samuel Ramani (@SamRamani2) May 18, 2022
Jacques Sapir is one of the foremost Western experts on the Russian economy. He explains that the current best forecast is that Russia's GDP will grow by 1.3% GDP in 2022 👇
So looks like the "destruction of the Russian economy" that's been promised isn't exactly happening. t.co/3rFbW0BNsK
— Arnaud Bertrand (@RnaudBertrand) May 17, 2022
When Joe Biden said he will destroy the Russian economy what he actually meant was he will destroy the American economy pic.twitter.com/1n3eGU0OnA
— Jake Shields (@jakeshieldsajj) May 19, 2022
Approximately half of Russia’s 54 gas importers have opened ruble accounts with Gazprombank in compliance with Moscow’s newly introduced payment rules, Deputy Prime Minister Alexander Novak said on Thursday.
“According to my information, about half [of the buyers] have already opened special accounts in our authorized bank – in foreign currency and rubles – in order to ensure the receipt of foreign exchange earnings, conversion into rubles and payment for the supplied gas in rubles,” Novak said, as cited by RIA Novosti news agency. He noted that this process has been stretched over time, with the final settlements for April taking place in May.
“In the coming days we will see the final list of those who paid in rubles and those who refused to pay,” Novak stated. He added that all larger companies have opened accounts, paid for supplies or are ready to pay when they are due.