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  • You paint a very rosy picture of an economy running at 9% inflation with interest rates at 20%. The military expenditure has come at the cost of taxing resource extraction and cannibalising civilian expediture . Gas prices are back to pre-spike slump and Russian oil trades at a discount.

    I don’t know enough (I’m guessing no one does) to say how long russia can continue but the view that their current state is sustainable seems very optimistic (for russia)

  • You paint a very rosy picture of an economy running at 9% inflation with interest rates at 20%.

    The figures don't lie.

    High inflation is because demand is high, and they've pushed up interest rates to try to dampen down demand. Hardly a sign that the economy is struggling.

    They've been way more successful in coping with sanctions than I expected - and certainly than US/EU expected.


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