So it appears that the economy is more robust than I have originally thought - in February I was expecting a near collapse by now, but there are no signs of it yet.
So it appears that the economy is more robust than I have originally thought - in February I was expecting a near collapse by now, but there are no signs of it yet.
Sanctions have little effect on everyday life initially. People can just keep coasting just like the character that ran past the edge of the cliff.
For example why does the average person care if car manufacturing has halted? They have a car already! Chances are that the car they ordered months ago was completed anyway with parts in stock.
It’s when the Kuka robots and Siemens machinery starts breaking down in factories that things start heading downwards.
Still… a downwards trajectory isn’t the same as an instant change! It takes years for the impact to really bite.
Smuggling will help cover some shortages, but at a cost.
Real exchange rates will get increasingly bad.
Russians will simply skip their holidays next year, hold on to their phones and computers a bit longer and live life like normal…
… until they realise they can’t legally enter half the countries in the world, flights are unaffordable and take a route via China, and replacing their dead laptop costs a year’s wages.
Just like the good old communist days Putin longs for.
You don't really realise what you're talking about, or did you confuse Russia with Australia?
Cuz it really looks like people either have no idea where exactly Russia is (and where the global production centers are) or somehow imply closed borders.
Sanctions are slow. Kazakhstan, for example, only blocked truck transit from EU to Russia a couple days ago.
And regarding Kazakhstan and transit problems - it has nothing to do with sanctions. See this article with more or less coherent explanation of an issue [0] (it's in Russian but Google translate should help)
[0]: https://iz.ru/1397573/anastasiia-lvova-elnar-bainazarov/gruz...
Since you appear to be commenting my every comment, I have to tell you this. You seem to be wishfully dreaming that sanctions are more effective than they really are. So far, their impact was very light. As a Russian, I'd love them to have a way more severe impact, as I would happily endure great hardships if this would weaken Putin's fascist regime. However, so far, I don't see any evidence of a significant impact of sanctions.
I'm also very unhappy with EU countries imposing an extremely counter-productive measures like visa bans, and seeing how rabid and hateful crowd cheers for them is even sadder, because these people's actions benefit Putin, and do not hurt him at all.
As a Russian, I remember being trolled by the following joke, very popular among pseudo-liberals and other russophobic lot:
"When lords will demand that every Russian must have a boot their asses by saturday, they will form a line in Friday to get this over with faster."
I can't stop laughing over how ironic this whole thing turned out.
No.
In the US, if you want, you can buy and legally own a tank or other military vehicle.
But in Russia you still can't, despite all the mobilizations :(
https://jalopnik.com/russia-turns-to-cannibalizing-aircraft-...
The impact of harsh sanctions is self-sufficiency. Ironically Germany and the EU is suffering moderately due to the Russian gas shortages.
Plus it's easy internal propaganda, like, "Look, THEY stole YOUR money".
And since Russia's budget is currently profitable, it doesn't really pose an immediate economic threat.