War with Russia

[Pinno718]

[Bloomberg]: Russian oil sells for $38.28 per barrel in November.

 

[Ian H]

The Economist doesn't think the Russian economy is in melt-down yet.
In 2023 and 2024 Russia’s economy boomed. Despite the implementation of Western sanctions after Russia invaded Ukraine, the country sold plenty of hydrocarbons to willing buyers, including China and India. The government massively boosted spending on welfare, infrastructure and the armed forces. In 2024 the economy grew by more than 4%, a fantastic performance by the standards of most big economies.
Figures published on Friday will show a different picture. They are expected to confirm growth of a mere 0.6% in the third quarter of 2025. Data on net exports will also look unimpressive. Why the turnaround? Russia’s president, Vladimir Putin, has taken his foot off the accelerator when it comes to spending. High interest rates, which the central bank implemented to ward off inflation, are biting. Western sanctions may be starting to hurt too. The Russian economy is not in crisis. But the party days are over.

 

[Dorset Boy]

The UK would be delighted with growth of 0.6% in a quarter!

 

[Pinno718]

The UK would be delighted with growth of 0.6% in a quarter!

Joking aside, the UK isn't trying to fund a conflict.

 

[Pinno718]

The Economist doesn't think the Russian economy is in melt-down yet.
In 2023 and 2024 Russia’s economy boomed. Despite the implementation of Western sanctions after Russia invaded Ukraine, the country sold plenty of hydrocarbons to willing buyers, including China and India. The government massively boosted spending on welfare, infrastructure and the armed forces. In 2024 the economy grew by more than 4%, a fantastic performance by the standards of most big economies.
Figures published on Friday will show a different picture. They are expected to confirm growth of a mere 0.6% in the third quarter of 2025. Data on net exports will also look unimpressive. Why the turnaround? Russia’s president, Vladimir Putin, has taken his foot off the accelerator when it comes to spending. High interest rates, which the central bank implemented to ward off inflation, are biting. Western sanctions may be starting to hurt too. The Russian economy is not in crisis. But the party days are over.

Still, the last paragraph doesn't paint a rosy outlook for Russia (and the Economist is just one opinion).

 

[Psamathe]

There does seem to be a bit too much fear of a Russian invasion of Europe. I can’t see it happening any time me soon, but it could.

But if you shared a border with them, and had no guarantee that USA will bother helping you would probably want others to start investing in more defence.

Maybe the problem becomes that these days "war" is a less defined process. Few drones occasionally shutting European Airports, increasing cyber attacks, increasing undersea cable cutting ... less of a black and white process and Europe always unable to meet like with like as Putin just "wasn't me" and Europe just grumbles a bit and listens to the US telling them how weak they are as they watch the economic impacts.

 

[Pblakeney]

Maybe the problem becomes that these days "war" is a less defined process. Few drones occasionally shutting European Airports, increasing cyber attacks, increasing undersea cable cutting ... less of a black and white process and Europe always unable to meet like with like as Putin just "wasn't me" and Europe just grumbles a bit and listens to the US telling them how weak they are as they watch the economic impacts.

Agreed. Putin is active in a proxy war while we are reluctant participants.

 

[Bazzer]

Europe still pooing their pants about war with them according to the news you like to swallow.

Is this from the best forces and best tech you haven't yet told us about?