RUSSIAN Economy Crumbling

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The Finance Ministers of 8 European Countries have recently published a collective article stating that the Russian Economy is Crumbling and is being Re-Sovietized. Russia's Economy is facing a severe crisis following 14 rounds of Financial Sanctions. The cumulative impact of these sanctions has severely damaged the Russian Economy, evidenced by then recent rises in Inflation and Interest Rates. Additionally Russia is also facing a severe workforce shortage following the exodus of over 1 million people and the losses in Ukraine. This shortage of workers has lead to companies in Russia having to offer higher wages, which in turn is driving up inflation. In this video I provide details of the article the European Ministers have posted, look at the evidence and discuss the problems that Russia is now facing.

For specific details please check out the CHAPTER list below.

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Chapters:
0:00 Intro
2:54 EUROPEAN MINISTERS
9:50 EXPORT BANS
13:44 INFLATION
16:40 WAR ECONOMY
20:02 SUMMARY & CONCLUSION

#russiaukrainewar
#russia
#ukraine
#putin
#pricecap
#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#CHINA
#USA
#NATO
#WW3
#WORLDWAR3

[creaivepeter]

Always find your videos very informative. Keep up the great work.

[craigrussell]

Russia has moved to a 100% vodka-based economy. It's food, fuel, medicine, entertainment, shelter and retirement investment all in one.

[geoffgill]

Been listening to several other economists and all are saying the same thing..Slava Ukraine 🇺🇦

[nummelim]

USSR also daily said the economy and everything was fantastic! Until one day it just crashed 😂

[denismunro]

Good article Joe. Ignore Putin’s Parrots.

[vektracaslermd]

Thank you for fighting the bots, Joe. You have tremendous patience.

[maritaschweizer]

Only bots tell that the Russian economy is doing well. Talking with friends in Russia I hear that they suffer a lot from inflation.

[SavageJunky]

Sorry but i 100% trust Putin when he says the sanctions are helping Russia... To show him our good faith, we should double the sanctions 🤣

[jeremypearson]

Regardless of the outcome in Ukraine, Russia is doomed to fail given its current path.

[stevev]

Being in Dresden when the Soviet regime collapsed he never experienced the mood of people welcoming a new dawn, and is left more deeply hankering for the old days- yet like all dictators, with the wealth and protection from poverty that his subjects don't have the luxury of.

[zeddy_me]

Russia not telling the truth?! I'm shocked!

[ghostlightx]

I don't think any rational person believes russia's economic claims, do they? And if russia continue to claim the sanctions are not hurting them, then that's fine, they have nothing to complain about do they? - just let them get on with it and keep increasing the sanctions.

[midimusicforever]

Yeah Russia is going down hard. Putin is to blame!

[beny]

The Soviet Union where its economy collapsed. Good idea Putin. Lmao.

[nickhtk]

Watching Russia turn into NK II is not something that was not on my bingo card. The sad part its 100% self inflicted.

[Zappa-bndq]

To be attracting all this negative attention must be because you’re classed as subversive and a danger by Trolls. Excellent, keep it up!!!

[TheInfamousMrFox]

Excellent analysis Joe!
(For the algorithm)

[Naninspace]

Oh Joe ... thank you for helping us understand..I'm a senior in Montreal.

[bokhans]

The western world should not allow airlines that fly over Russia and by that pay Russia, to enter the EU and North America.
EU flights have to fly around while Chinese airlines can fly over Russia, giving China hugely shorter trips less fuel and cheaper flights.
That should not be accepted!

[KenCrandall-otuv]

Way to go Putin, he's doing to Russia what Hitler couldn't do in WW2 !