Russlands wirtschaftliche Widerstandsfähigkeit ist unter längerem Stress knackt
https://www.opforjournal.com/p/russias-economic-resilience-is-cracking
Russlands wirtschaftliche Widerstandsfähigkeit ist unter längerem Stress knackt
https://www.opforjournal.com/p/russias-economic-resilience-is-cracking
1 Kommentar
SS: This brief interview with economist Artem Gergun discusses the causes and long-term consequences of deteriorating economic conditions in Russia.
Key points include:
1. Russia faces an economic dilemma as it has limited remaining options for continuing fiscal stimulus.
2. Russia’s best option for controlling inflation is with high interest rates, but these are making credit extremely expensive and causing debt service to consume company balance sheets.
3. Ukrainian strikes on Russian oil and gas infrastructure are causing serious revenue problems as Russia is forced to sell crude at a discount rather than more valuable refined products.
4. A total system collapse of the Russian oil and gas sector from Ukrainian attacks is unlikely, but they will drive up inflation and crush the state budget.
5. The best form of economic pressure right now is to close off existing loop holes that allow European countries to import Russian oil indirectly.