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Oorspronkelijk geplaatst door tomm

Amerika en het Westen denkt dat ze dingen mogen die de rest van de wereld niet mogen doen.

Dat is de meest belachelijk uitspraak mogelijk sinds 24 februari van dit jaar.
Toen duidelijk werd dat je geen snars begrijpt van Poetin en zijn maffiakliek.

De zware gevolgen die de VS en de EU vooraf hadden aangegeven beginnen te bijten. En Moskou heeft geen idee wat ze kunnen doen behalve alles zien verkruimelen. Het is terug 1991 voor de Russische economie maar dit keer zonder hulp en zonder vrienden.

https://www.themoscowtimes.com/2022/...ound-it-a76873

Kremlin ‘Silent’ as Economy Collapses Around It
There are few ideas and even fewer policies for how to deal with Russia’s economic malaise.

With few tools at their disposal and a national economy disintegrating almost before their eyes, the Russian government has appeared paralyzed, analysts say, lurching for Soviet-era policies — like nationalization, currency controls and price caps — in an attempt to soften the blow.

“In terms of the government, the problem is that they’re silent about the economy,” said Ruben Enikolopov, an economist and rector of Moscow’s New Economics School.

“The first reaction for many of them — because they grew up in the Soviet Union, so that’s the mentality they have — is price controls and things like that. They might work temporarily, but in the long-run it’s a disaster for the economy.”

Russia had for years been touted as a model of strong, conservative orthodox financial management — low debt, high reserves, a government surplus. But the invasion of Ukraine and tough Western sanctions killed that balance sheet overnight. Now the government faces higher outlays to fund a potentially long military campaign in Ukraine, a hit to revenues from a deep recession at home and a reluctance to buy Russian goods in their key export markets, compounded by a complete inability to raise funds from Western markets.

“Back in the 1990s there was some international support coming to Russia’s aid during this time of crisis,” said Bikarski.

“This will not be happening right now. Russia will have virtually no access to any international financing or support.”