RE: Is Russia's economy ready for sanctions?
hello @karamyog,
Personally I don't think Russia was prepared for this war, at the beginning of the military operations Russia seemed strong and orderly, but now it seems that it can't take control of Ukraine, this situation is something that showed Russian corruption. Incombustible tanks, lack of ammunition and other problems are making it very difficult to take control of Ukraine and are a sign that Russia was not prepared.
On the other hand China will never abandon such a good trading partner as the United States and the European Union, to support Russia as China asked Russia to negotiate with Ukraine.
In my personal opinion, I think Russia expanded its military operation thinking it could take the country in 48 hours, now with the support of the West Ukraine seems to be a little closer to expel the Russians, this will certainly affect Russia's economy and geopolitical relations.
hi @trabajosdelsiglo
Amazing comment.
I was wondering if you have any view on futute of Russia financial system (especially from the perpective or regular people) after interest rates has been hiked to 20%?
I can hardly imagine being able to pay any loans or morgage in similar situation. Especially while knowing, that all imported items will cost so much more since value of Rubel dropped so badly.
Any thoughts you like to sharE?
Cheers, Piotr
From whatever I have read and heard as well, Russia may not have been fully prepared for war. They may have expected Ukraine to fall sooner but that hasn't happened and Russia is dealing with logistical issues. However, most of what we see in the media is pro-West. I am not going to discount Putin and his intellect.
As far as China is concerned, the west needs China more than China needs the West. China, like Russia, has massive land and importantly, natural resources. They are the factory of the world. COVID-19 showed us that, and while the West wants to de-risk this dependence on one country, it will take years before they can de-risk. China on the contrary needs trading partners that have a large population and rising incomes - African countries and South Asian countries. China's suggestion to Russia to have diplomatic talks is a facade in my opinion.
This 48-hour idea is planted by the Western Media. As I said, I am not going to discount Putin over a 48 hour period. The West hasn't even been able to implement proper sanctions. There are financial consequences for the West from the sanctions and of course, the West stands to make money from this conflict by selling arms.