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Russian Economy Bounces Back as Sanction-Crazy Western Economies go into Tail Spin

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Whilst Western economies go into freefall the situation in the Russian economy has begun to stabilize and is expected to improve further as oil and gas prices treble – thanks to sanctions. According to State President Vladimir Putin, uncertainty in the consumer market has ended.

As the dollar dives and the Euro plummets the ruble has strengthened to the levels of early February, foreign currency is returning to banks, and the volume of deposits is growing. Thus, the sanctions policy of Western countries against Moscow has failed, the president is sure. 

At the same time, as the Central Bank believes, in the near future the Russian economy will enter a phase of structural transformation as it transfers its markets to more stable partners. 

According to him, restrictions on the part of unfriendly states assumed that the restrictions would provoke panic in the markets, the collapse of the Russian banking system and a massive shortage of consumer goods. However, this policy of the West failed, Putin stressed.

‘The economic blitzkrieg strategy failed. Moreover, the sanctions were not in vain for the initiators themselves. I mean the growth of inflation and unemployment, the deterioration of economic dynamics in the United States and European countries, the decline in the standard of living of Europeans, the devaluation of their savings,’ the Russian leader said.

From January to March 2022, the difference between the inflow of foreign currency from abroad and its outflow outside the country exceeded $58 billion for the first time.

‘Foreign currency is returning to the banking system of the country, and the volume of deposits of citizens is growing. As for the consumer market, after a short rush for a number of goods, and this happens all the time in such situations, always, retail demand has returned to normal. Commodity stocks in retail chains are being restored,’ Vladimir Putin said.

In turn, the growth of consumer prices in Russia has already begun to gradually slow down, but in annual terms, the inflation rate has reached 17.5%, the president said. ‘These are very high values. People feel this on their family budget, they feel how prices have risen, and we need to support our citizens, and help them cope with the inflationary wave. 

In this regard, let me remind you of the decision already made to index all social payments , pensions and salaries of specialists employed in the public sector. The specific parameters of such an increase should be prepared by the government,’ Putin added.

In total, almost 9.7 thousand restrictions have already been introduced against Russia. ‘The situation in the economy is difficult, but not catastrophic. We can temporarily observe an increase in unemployment and a decrease in the real incomes of the population. At the same time, in October-November, the economy is likely to go into recession . That is, in general, the sanctions have a painful effect, but one should not expect any kind of collapse, ‘Georgy Ostapkovich, director of the Centre for Market Research at the Institute for Statistical Research and the Economics of Knowledge at the Higher School of Economics, told RT.

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In addition, the government has approved a number of initiatives to help both consumers and businesses. Export of many goods has been banned which will help the Russian economy but damage further the economies of the sanctimonious Western nations.

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2 replies »

  1. As was so with Germany and Japan, Russia and China have formed their own Central Bank and booted the Jewish Bankers out of the country resulting in a Jewish declaration of war.

    What happened to Germany is now happening to Russia.

    “Judea Declares War on Germany!” – Daily Express headline, March 24, 1933.

    “Judea Declares War on Germany! Jews of all the World Unite! Boycott of German Goods!
    Mass Demonstrations!” – These were all headlines in the Daily Express on March 24, 1933.

    “The Israeli people around the world declare economic and financial war against Germany.
    Fourteen million Jews stand together as one man, to declare war against Germany. The Jewish wholesaler will forsake his firm, the banker his stock exchange, the merchant his commerce and the pauper his pitiful shed in order to join together in a holy war against Hitler’s people.” – Daily Express, March 24, 1933.

    “Each of you, Jew and Gentile alike, who has not already enlisted in this sacred war should do so now and here. It is not sufficient that you should buy no goods made in Germany. You must refuse to deal with any merchant or shopkeeper who sells any German-made goods or who patronises German ships or shipping…. we will undermine the Hitler regime and bring the German people to their senses by destroying their export trade on which their very existence depends.” – Samuel Undermeyer, in a Radio Broadcast on WABC, New York, August 6, 1933. Reported in the New York Times, August 7, 1933.

    Joining with Samuel Untermeyer in calling for a war against Germany, Bernard Baruch, at the
    same time, was promoting preparations for war against Germany. “I emphasised that the defeat of Germany and Japan and their elimination from world trade would give Britain a tremendous opportunity to swell her foreign commerce in both volume and profit.” – Baruch, The Public Years, by Bernard M. Baruch, p. 347 (New York: Holt, Rinehart and Winston, 1960).

    Samuel Untermeyer was a Jewish leader and close friend of presidents Wilson and Roosevelt. Bernard Baruch was a presidential adviser to Wilson, Roosevelt and Truman.

    Read on –

    https://archive.org/stream/JewsDeclareWarOnGermany1933/JewsDeclareWarOnGermany1933_djvu.txt

    Liked by 1 person

  2. From economic warfare to the use of the military –

    USA targeting of Moskva ship is Russia’s “Pearl Harbor”, retaliation is next

    It has now been revealed that the US military ran the entire operation to sink the Moskva, including running the tracking of the ship via a P-8 Poseidon surveillance aircraft, which then handed off fire solutions to the Ukrainians who were all trained by the US military as well. Thus, the United States provided the weapons, the training, the tracking and the fire solution to sink the Moskva.

    By sinking the Moskva, the US just handed Putin something akin to “Russia’s Pearl Harbor moment,” in which Putin can claim to his people that the USA initiated an attack on the Russian Navy, sinking one of their ships and killing hundreds of their people. This news has, of course, been paraded all across Russian media, driving domestic support for Putin even higher than before.

    Just like with Pearl Harbor in the United States, the people of Russia are now demanding “payback” from the aggressors, whom they see as the United States. In effect, the USA just handed Putin the final piece of the puzzle that he needs to launch retaliatory nuclear strikes against the West.

    Get the full details in today’s feature podcast here.

    https://www.brighteon.com/457460a6-9dd3-4da3-9563-18652592320c

    Liked by 1 person

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