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#BREAKING EU wants new Russia sanctions ready Feb 24, war’s anniversary: von der Leyen pic.twitter.com/y5d25AGQbt
— AFP News Agency (@AFP) February 2, 2023
These sanctions have actually helped Russia.
You can say whatever you want about the shooting war, but the economic war has been an abject failure for the US and the West. Germany is in shambles. In fact, there could be some kind of uprising in Europe. There probably won’t be, but it’s never been more likely.
Meanwhile, the dollar is being unseated as the global reserve currency.
And it’s done nothing to hurt Russia’s economy.
RT:
Russian industrial production held steady last year, nearly matching 2021 levels, official data shows, even as the US and its NATO allies imposed unprecedented economic sanctions over Moscow’s military operation in Ukraine.
Output was down only 0.6% for the full year, according to figures released on Wednesday by the Federal Statistics Service, Rosstat, beating the consensus of 0.7% predicted by economists in a Bloomberg survey. Industrial production this year will fare even better, rising an estimated 2% on gains in military-related industries, according to Alexander Isakov of Bloomberg Economics.
Surging military production has also helped Russia’s industrial sector make up for the effects of Western sanctions in 2022. President Vladimir Putin said last month that Russia’s defense industry was continuing to ramp up production, ensuring victory in Ukraine. “The defense-industrial complex greatly contributes to the dynamics of the manufacturing sector. Over the past year, it has seriously picked up steam and continues to increase capacity.”
Overall industrial production fell 4.3% from a year earlier in December, but was 11% higher than November’s rate, Rosstat said. For the full year, the country posted gains in key segments. Energy output rose 0.1% from 2021’s level, including a 0.7% gain in oil and natural gas volumes. Electricity generation rose 0.6%, finished metal products advanced 7%, and food production climbed 0.4%.
Russian coal output rose 0.4% to 437 million tons, while LNG volumes jumped 8.1% from a year earlier. Metals production was up 0.8% on year. Output of medicines and other medical materials climbed 8.6%.
Great job, Russia.
Really good show.
Russia and Iran just connected all their banks.
This is their middle-finger to SWIFT
52 Iranian banks under SEPAM and 106 Russian banks under SPFS can now talk to each other
Weaponizing SWIFT and the US Dollar is speeding up the birth of a new system where sanctions don’t work
— Richard Medhurst (@richimedhurst) January 30, 2023
Western bullshit political leaders like to call themselves the “International community”
They are so used to telling the world what to do.Meanwhile 87% of the world’s population refuses to enforce sanctions on Russia.
The world is changing….. pic.twitter.com/heWiKYiLID
— Richard (@ricwe123) January 30, 2023
The IMF projects Russia, now the most comprehensively sanctioned country in history, will have positive GDP growth this year — at a higher rate than Germany — while the UK has negative growth. Exactly how the architects of the Crippling Sanctions policy expected it to go
— Michael Tracey (@mtracey) February 1, 2023
