shotemoffgp
Banned
If they're economy tanks, they might as as well cut off Europe from oil. They can take Europe with them.Russia's economy is collapsing as exports to the sanctioned country plummet in the face of President Vladimir Putin's ongoing, unprovoked war in Ukraine, trade experts suggest.
The "economy is imploding. We forecast a GDP collapse of -30% by end-2022," Robin Brooks, the chief economist at the Institute of International Finance trade group, tweeted on Sunday.
Brooks added that data compiled with help from Jonathan Pingle, an IIF researcher, indicated that exports from 20 countries to Russia were down 50% in April compared to the same time a year prior.
Russia's economy is 'imploding' as exports to the sanctioned country plummet, economists say
European and Western countries have routinely sanctioned Russia in a bid to cripple its economy over its unprovoked war in Ukraine.www.businessinsider.com
Russia hasn’t instituted a draft because it doesn’t have the logistical capabilities to institute a general draft and we are already seeing military recruitment offices set on fire by anti-war Russians. A nationwide draft would cause a total collapse in civil administration and support for the war. The war is sold as conflict that was supposed to be easy and short. National mobilization would be admitting the war is a failure.
Europe was never going to completely cut off Russian oil over night but they are slowly but surely positioning themselves to do so. There has to wide spread restructuring and back rubbing but the time is coming
Bloomberg - Are you a robot?
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