How's Russia’s Economy Actually Doing?

When sanctions were first announced in response to Putin’s invasion of Ukraine, analysts and politicians alike predicted that they would cripple Russia’s economy. However, 6 months on, it’s still not entirely clear what impact sanctions have had.

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[patatosoldier]

You Heard of :Greek Economy YT
Now get ready for:Global Russian Economy Update 4k Yt

[raphwalker]

The fact they arent publishing any economic data shows they are hurting and trying to cover up.👌

[capsser]

Can't wait for economic updates in 8k🥶🥶

[tobiwan]

It's not the short-term recession that is relevant, it is the long-term decline through lack of trade partners and trade barriers that will hurt them. The debate on the short-term impact distracts from these certainties. That was also the problem with the Brexit debate.

[SamTaylorsVersion]

‘TLDR Global Russian Economy Update 4k YT’
Here before the title changes
4k YT lovers
👇

[MtheRat]

As mentioned, since all the info has been shut down or limited, it's hard to know exactly how good or bad thigs are in Russia. But here are a few observations from someone (me) who lives in a post-Soviet state and who deals with people all over the CIS: 1) Migrant workers are leaving Russia in large numbers. Not because of stringent new rules, but somply because businesses and factories have shut down and the work is gone.
2) There is a huge issue with exchange offices bleeding CIS countries of foreign currency (especially USD) and sending it off to Russia. There are people going around and buying as many dollars as possible and sending them off to Russia. It is currently very difficult to find dollars here, which is impacting foreign debt repayments and business development.
3) CIS capitals are beig swarmed by Russian citizens leaving Russia, and this has led to prices in cost of living going a bit mental. Locals (unless they are landlords) are not happy with the situation.

[charleslynch]

The 20% rate hike is the short term answer the bank needed to give to sustain the economy for a war that they have probably been told will not last an extended period of time, but inevitably as time drags on, the (necessary) short-term actions will start to weigh in increasingly heavily and will likely push the economy into recession that will be quite difficult to exit from

[prim]

6:02 The article on the side deals with Ukrainians fleeing Ukraine early in the war, not Russians fleeing Russia

[lisbjerg]

The thing about sanctions is that they rarely ever work immediately. it takes time for economic woes to pile up, and it's also dependent on what the sanctions target.
If the sanctions had targeted the Russian energy exports in their fullest, then the effects would be much more pronounced and hard to ignore. however due to some countries utter dependence on Russian energy exports those specific sanctions have been somewhat limited and thus Russia have been able to, not necessarily cope with the sanctions, but at least adapt to it in the short term.
However as time goes on and the EU at large begin to cut their reliance on Russian energy exports the damage will eventually become impossible to ignore.
As far as i've been able to gather, assuming current trends continue, it's only a matter of time until the Russians are faced with an economic situation that will be impossible for them to ignore.

[mardasman]

I think it's notable that the headlines of "Russia earns more money than ever" are misleading, as a major proportion of the increased energy revenues were already earned in the pre-war part of the year and stagnated or decreased afterwards.

[DannySleepwalker]

6:04, the article mentions people fleeing Ukraine, not Russia.
C'mon guys, do some quality control. Mistakes like this are in pretty much every video you post.

[thomasbjarnelof]

It takes a while until:
Aeroplane cant fly due to lack of spare parts.
Trains cant go due to lack of ball bearings.
Elevators stops due to lack of semiconductors.
And so on…

[merrymachiavelli]

I'm really curious about Russia's population going forward. It had started declining again (after a blip in the early 2010s) pre-invasion. But the invasion seems like it's caused:
1. A spike in emigration
2. A fall in immigration
3. A probable fall in birth rates (people in developed countries tend to have fewer children when they feel economically insecure)
4. A large number of deaths amongst younger men (which is also notable given most would have been reproductive-age, which may push down birth rates further).

Once you put numbers on all of those factors (and account for other things, like the fact that the relatively small cohort of 90s children are now the primary reproducers), it seems likely that Russia will experience a really rapid population decline (I'd wager >1m per year), as well as even faster aging.

I've not actually seen any recent stats from Russia about this, which might be telling in-itself, only the fact that Putin bringing out an award and prize money for Russian women who have 10 children.

[andrasbalogh]

"Half a million Russians have left the country since the invasion of Ukraine" The article: people have fled UKRAINE since the invasion" Do you watch your videos before you post them?

[DennisTheInternationalMenace]

6:05 While he says half a millions Russians have fled Russia, The article shown says half a mil have fled Ukranie.
Which is it?

[suakeli]

Imagine having that 930 million every day to boost your economy and help your own nation if it wasn't wasted on a pointless war. You could spend half of that on corruption and buying mansions for the richest and other half would still be extremely helpful for the whole country.

[xenotiic]

"TLDR Global Russian Economy Update 4k YT" short and to the point, I like it

[vaibhavbv]

TLDR of all TLDR channels: "well we are not sure. watch the ads anyway"

[kingcchultz]

As a Russian citizen, I can say that the economic situation has worsened, but not very much, and is gradually improving. This is especially evident in the IT sphere, since about August, most companies have resumed hiring staff, and it seems that salaries have not only not fallen, but have also begun to grow. Products have become a little more expensive, and appliances are a little cheaper because of the course. Personally, I miss some Western companies that have left Russia, especially I miss IKEA and McDonald's.

[mspicer]

One thing not mentioned about the energy exports, is that Russia has been discounting the price for countries like India and China, by about $30 per barrel. Plus, with prices being indexed in USD, that barrel might sell for $80US, the Russians insist on being paid in rubles. With the rising value of the ruble, that $80US shrinks in value to the Russians. It works like this: say the ruble is at 80 to $1US, the barrel of discounted oil would bring in 6, 400 rubles. If the ruble gets stronger, say 60 rubles to $1US, that same barrel of oil brings in 4, 800 rubles. That means that as the ruble gets stronger, and Russia demands to be paid in rubles, they get steadily less money for their exports.
Having a strong currency is very bad for resource-based export economies.