AntonToo
Diamond Member
- Jun 13, 2016
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Yes, they are sponsoring Russian war effort by buying its goods and thus helping to weather sanctions. Russian GDP shows growth, trade balance has surplus, and budget deficit is well below 3%.
I don’t think you know what the word sponsoring means. It doesn’t mean buying stuff on the cheap.
GDP is up short term because they are borrowing and diverting budget money to immediately burn it in Ukraine. It’s heading them to a disaster as inflation is out of control even with 16% interest rate.
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