More Bad News for Russia

[sleepycat]

Yes I agree, it is not difficult to produce local food to substitute for imports.
But what about other consumer products?
http://www.themoscowtimes.com/opinion/article/the-ruble-s-senseless-and-harmful-devaluation/509557.html

"But in Russia, nonmilitary end-use industrial products account for only 4 percent of exports, and 45 percent of imports consist of goods not produced in this country at all.

For example, Russia has no manufacturers of computers, mobile phones and other forms of home electronics. That means Russian firms and consumers buying foreign equipment and technology in an effort to keep pace with progress will have to pay more for those products."

It's not like Russia can overnight develop industries to produces these items that are not previously produced in the country. Rather than foodstuff, it is those high price imported items like iPhones, flat screen TVs and tablet computers that are most sensitive to exchange rate fluctuations.

[lordtiberius]

Doll, what you described in 1998 is normal economic activity no sanctions. the only people who get rich during sanctions are black marketers.  Have fun with that. 

[Doll]

Sleepycat, but most of "not produced in Russia" products are imported from China and Japan that didn't apply sanctions.

[Doll]

Doll, what you described in 1998 is normal economic activity no sanctions. the only people who get rich during sanctions are black marketers.  Have fun with that.

1998 default was not "normal" as well.

[sleepycat]

Sleepycat, but most of "not produced in Russia" products are imported from China and Japan that didn't apply sanctions.

The problem is not sanctions, rather the fall in the Rouble will cause Russian consumers to have to pay more for those products.

BTW Japan has imposed sanctions on Russia. http://uk.reuters.com/article/2014/09/24/uk-japan-russia-sanctions-idUKKCN0HJ0I520140924
(maybe as a late payback for the cheapshot move by the USSR of waiting until the dying days of WWII before declaring war on Japan just to steal some Japanese islands?)

[lordtiberius]

1998 default was not "normal" as well.

If you normally won't pay your bills, defaults are normal.

[Doll]

If you normally won't pay your bills, defaults are normal.

What? Russian pay their bill same way as you, believe me.
It was a tough time , but we survived.

[lordtiberius]

The problem is not sanctions, rather the fall in the Rouble will cause Russian consumers to have to pay more for those products.

BTW Japan has imposed sanctions on Russia. http://uk.reuters.com/article/2014/09/24/uk-japan-russia-sanctions-idUKKCN0HJ0I520140924
(maybe as a late payback for the cheapshot move by the USSR of waiting until the dying days of WWII before declaring war on Japan just to steal some Japanese islands?)

There is less than 100,000 people living on those islands.  When Russia returns to the chaotic days of the Soviet collapse, Japan will take back those Islands without firing a shot.  $ 500,000 in bribes should do it.

[lordtiberius]

What? Russian pay their bill same way as you, believe me.
It was a tough time , but we survived.

You believe what you want, it doesn't make it true.  Other Russians are sick of Russians like you who do nothing but ape the drivel of KGB gangsters.

[Doll]

You believe what you want, it doesn't make it true.  Other Russians are sick of Russians like you who do nothing but ape the drivel of KGB gangsters.

I don't care and you use not facts but bad rude language opinion.
One more time- look at your own economy.

[lordtiberius]

When are you leaving?

[Doll]

When are you leaving?

Вечерней лошадью.

[lordtiberius]

Tootles

[ghost of moon goddess]

I am from Kuban so they grow and consume only local fruit and vegetable. There is some stuff imported but people try to buy local- it is cheaper and much better.

Very true!

Russian (and Ukrainian) consumers usually care about the quality of food, which is why they are far from being confident about the safety and quality of the food imported from China, and quite rightly so, especially when ''committed to revealing the truth'' Russia's State TV Channel One airs programs like this one:

[ghost of moon goddess]

A high-profile Russian official said in an interview with a Russian Government Newspaper that Zbigniew Brzezinski's 'hit-on-vulnerable-spots strategy', initially aimed at breaking up the USSR,  has been launched to target Russia, with its ultimate objective being  ''capturing Russian territory and mineral resources''

http://rt.com/politics/196456-russia-fsb-patrushev-global/

If it's going to be the Kremlin's new ideological pillar, then my post doesn't wander far from the initial topic of this thread

[AC]

There is less than 100,000 people living on those islands.  When Russia returns to the chaotic days of the Soviet collapse, Japan will take back those Islands without firing a shot.  $ 500,000 in bribes should do it.

No doubt.  I'm just waiting for the day when Germany takes back E. Prussia as well (Kaliningrad).

[AC]

What? Russian pay their bill same way as you, believe me.

Really?  That's not what the professionals think; the ones who rate a countries ability to pay their bills:


http://www.livemint.com/Politics/ttizRwu7coKmuqV0Zos9sK/Russias-credit-rating-lowered-by-Moodys-on-sluggish-growth.html

[lordtiberius]

No doubt.  I'm just waiting for the day when Germany takes back E. Prussia as well (Kaliningrad).

The Residents of Kaliningrad will invite the Germans.

[Doll]

No doubt.  I'm just waiting for the day when Germany takes back E. Prussia as well (Kaliningrad).

Hate to dissapoint you

[Doll]

Really?  That's not what the professionals think; the ones who rate a countries ability to pay their bills:


http://www.livemint.com/Politics/ttizRwu7coKmuqV0Zos9sK/Russias-credit-rating-lowered-by-Moodys-on-sluggish-growth.html

I mean just people who pay their bills for electricity and water (just like you all do).
Speaking of Russia's debt- look at the USA debt.

[Doll]

The Residents of Kaliningrad will invite the Germans.

I doubt. The is an "anti- separatist" law in Russia.

[AC]

Hate to dissapoint you

The point you are missing is that your "dear leader" Putin opened a Pandora's box by his illegal annexation of Crimea.  Now that he did that, what will stop other nations from following suit?

International law benefits all providing that all respect it.  Since Russia feels that they don't need to respect international law, neither does anyone else -- not that Germany would ever try such a stunt, German public opinion is very strong that Germany should remain more or less a pacifist type of nation after past events.

This does not change the fact that Russia is likely going to be going into a deep recession in 2015.  After a few years of that, anything is possible.

[AkMike]

Ukraine has a separatist law also... BUT Russia invaded and took  land and murdered folks despite this. Maybe Laws aren't as strong as bullets from Russo-terrorists?

 Turn about's fair play!

[AC]

I mean just people who pay their bills for electricity and water (just like you all do).
Speaking of Russia's debt- look at the USA debt.

As usual you miss the point.  Russia as a country can no longer borrow money as inexpensively as a nation as in years prior to their invasion of Ukraine.

Those ratings are based on a country's ability to repay it's debt.  The USA has a GDP of over 16 Trillion dollars and so we retain a very good rating.

Russia has a very low GDP as they do not produce anything other than selling oil and natural gas; and they are shooting themselves in the foot over those.  Their best highest paying trading partners were in W. Europe.  Because of Putin's arrogance and foolishness in starting a war against Ukraine, his best partners have enacted sanctions against the Russian economy.
 
Furthermore if he's foolish enough to slow down or shut down gas to Europe this winter it will cement his legacy as being an untrustworthy trading partner with Europe and further ruin Russia's credit rating.

Capiche?  I doubt it.

[lordtiberius]

Really?  That's not what the professionals think; the ones who rate a countries ability to pay their bills:


http://www.livemint.com/Politics/ttizRwu7coKmuqV0Zos9sK/Russias-credit-rating-lowered-by-Moodys-on-sluggish-growth.html

Can you argue against the facts?  Only with more facts.  They have none AC.  Good post.