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KamahlYrgybly t1_ixtwwm0 wrote

Reply to comment by topperx in Western sanctions catch up with Russia’s wartime economy by BollocksAsBalls

Another thing to worry about is losing your biggest trade partners for at least a few decades. So even if you magically created a new workforce and magically acquired the needed materials to produce goods, you have limited customers buying the goods, and less competition among buyers means lower prices.

It really is a fantastic shitshow to behold.

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kponomarenko t1_ixvo74e wrote

They still can sell oil and gas even during the war. So they definitely would be able to sell them after. You don't need to many people to pump them and that's major part of ruZZian economy.

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Strong_as_an_axe t1_ixwj0l9 wrote

Yes but they've sped up the movement away from fossil fuels whilst failing to build infrastructure for new industry. They should have some of the best infrastructure in the world based on commodities revenues but a huge portion of it has been stolen and then sat on rather than reinvested in Russia.

They were set for relative contraction against other major economies before all of this anyway due to long term trends away from oil and gas, awful demographics and a lack of competitiveness in other industries. Putin has just made it all a lot worse. It's insane, full of commodities and bridging Asia and Europe. Even one halfway decent leader and Russia would be a superpower.

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