Sanctions: To Russia with Love
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- Опубликовано: 27 фев 2024
- James Galbraith challenges common perceptions about western sanctions and their impact on Russia, revealing unexpected outcomes for its economy and development.
Contrary to the goals of defunding the war and degrading Russia's military capacity, sanctions have led to economic adjustments that have fostered Russia's independent development. Galbraith points out that despite initial disruptions, Russia adapted by focusing on domestic production and diversifying its economic partnerships. This analysis provides a nuanced view of economic sanctions' real-world impacts, suggesting that their effectiveness and consequences are more complex than commonly understood.
So Russia lost McDonalds and Western Europe lost cheap gas.
What do you mean "lost"? We purchased it xD For me as a consumer I see no difference between good old Mc'Donalds and "Вкусно и точка". Same food, literally same people working there, same prices and everything. Just new owner and new name. And Europe lost cheap gas before the sanctions. Fuel crisis started in 2021, not 2022 or 2023.
@@CHEpachiloI’m being sarcastic. Pointing out how stupid the sanctions are.
@@barakaunot to be "that guy", but I just wanna to show that even your sarcasm doesn't exactly show how ridiculous situation actually is. EU basically commited economical sui*ide with so called "Third Energy Package" and then just was lucky enough to have this situation to blame. And even you joking about sanctions are in fact translating this BS they made up.
@@CHEpachilocalm down buddy. I know just how ridiculous the situation is. It’s so ridiculous that you can only really laugh at it. Besides the sanctions, what’s just as funny is Europe’s biggest economies’ own ally blowing up the gas pipe and then selling them gas at double the price on what they were paying before. With allies like this, who needs enemies. But such is the nature of being the lapdog of the superpower that you do even the most illogical things to please the master.
That's the fun part - they've literally just rebranded a lot of famous food brands and kept the restaurants open.
Those companies were run by Russians anyways, so there wasn't too much of a difference. I guess the meat
now comes from Russian farms instead of EU, but I assume the burger isn't that different.
A McDonalds burger is also the shittiest burger you can have in any country, so it's not difficult to make a better one :D
I lived in Russia for 1 year, and they have a saying - “Don’t dig a pit for someone else, you’ll fall into it yourself.”
Russia thought it can occupy Kyiv in 2 weeks, Now Russia fell it to the pit it dug for Ukraine.
@@wepshead And they would have taken it if they had not agreed in Turkey to withdraw the troops. And when the troops were withdrawn, the Ukrainians threw out the Turkish agreement, Ukrainian officials themselves stated this.
@@poebuild They would have taken in the Russian wet dream, Russia used the negotiation to run away. Even the Russian Nazi ran away from West kherson, kharkiv and snake island based on which agreement they ran away.
@@wepshead They retreated so as not to fight in the cities and leave them untouched. The real Nazis are the Ukrainians who use civilian infrastructure for military purposes, shooting from houses and residential buildings as they did in Mariupol, Bakhmut, Avdievka, and any village.. The Russians could have also sat out in Kharkov and Kherson, but they saved the cities and lives of civilians.
@@wepsheadвся политика Украины с 90х годов это экономическая, военная, идеологическая диверсия против России. Так что Россия уже закапывает Украину в ей же вырытой яме.
Украина уже разрушена. Нет своей промышленности, а держится только на поставках и финансировании с запада. С этой ямы ей уже не выбраться. Жаль что не зарыли Украину раньше.
Россия уже контролирует лучшие земли Украины. Киев не нужен.
The funny part is that Russia now, unlike before, knows that it does not need Europe.
West overestimated its leverage. Europe is no match for Asia
"Read this if you believe sanctions against Russia don't work. Here are just a few examples:
1. $300 billion USD frozen (half of the national currency reserves) - can't be used for war; profits to be sent to Ukraine.
2. National welfare fund decreased by 37% (source: Kommersant).
3. Russia cut off from international loans and unable to buy imports; China not ready to provide loans in yuan; imports decreased by xx%.
4. Real inflation in Russia after the start of the war (even without pre-war COVID inflation): 30% for food, 50% for clothes, 50-100% for cars (source for food prices: Meduza).
5. Gazprom, a major company, facing negative profits; 30-40% drop in gas sold to Europe, which can't be sold to China due to distance, insufficient gas system capacity, and the need for a new system to be built (5-10 years), but China in the north doesn't require as much gas.
6. Budget deficit for 2024 already (year has only just started).
7. No new civilian planes built in 2 years; Russia's major car brand, Lada, has doubled in price but now lacks safety features, power steering, and electric windows.
Take a look at Cuba, Iran, and North Korea, and then say sanctions don't work. You can basically see Russian bots screaming in the comments in Russian (as they don't speak English and aren't capable of using Google Translate) about how sanctions don't work. If it were good for Russia, do you think they would spend time here?"
and who its friends really are
России нужно полностью отказаться от дипломатии с ЗАГНИВАЮЩЕЙ Европой и западом.Все зло идёт оттуда
@@olgatixomirova3609 так вы уже.теперь только Иран и Северная Корея и Китай, когда соизволит. Чудо, а что ты делаешь в английском сегменте на русском языке? Ты хоть видишь со своей ботофермы куда ты пишешь?
If the USA would have left Russia alone in 1991, there were no war in Ukraine at all. The USA hegemony is the reason for the most conflicts and the lost of millions of lives.
she just couldn't leave. Russia has always had influence on Europe. leaves Russia, the United States simply would not be able to compete with Russia in Europe because of logistics. therefore, the image of the enemy of Russia began to be drawn from the end of the 90s (in principle, it never stopped) in order to prepare the ground for future accusations and restrictions
@@Notrusbot than Russia has no choice but win the war and make an effort to collapse the dollar.
It’s all just about power and money, and the US want it all for themselves.
Feb 17, 2024 - 'If you're not at the table in the international system, you're going to be on the menu,' says US Secretary of State Blinken...
*Remember the names of all their "lunches."*
Remember all their victims.
As millions of individuals, maybe *we* should start thinking about a different strategy. All around the world, millions of others like Aaron Bushell have finally figured out they are on the wrong side of a *100-year old imperialist war in Eastern Europe and the ME,* but they are not as connected or organized like the outside meddlers have been for 100 years. Right from the start of this conflict 100 years ago, the meddlers' strategy has been *"divide and rule",* and it has been all about OIL and outside Western CONTROL over strategic locations on the map.
Counter strategy to "divide and rule": Start pulling the rug from underneath the feet of these eternal meddlers...
*Boycott:* Much simpler than trying to remember the long loooong lists of what _not_ to buy, and for whatever specific reasons, is to try and limit what one actually _does_ buy: *buy no-name brands from small companies (addresses usually on the labels), buy local foods (farmers markets), buy locally produced or handmade items, otherwise go slightly "over-regional," or buy fair trade wherever possible.*
It is not a perfect strategy, but don't get sidelined by the whiners/finger pointers who will invariably ALWAYS show up like clockwork, trying to ridicule or nag with their dumb _"...duh but your using a smartphone, but your using oil toooo"-gotcha style_ distractions. It is not MEANT to be "perfect"...
*Methodology:* JDI and make it a _longterm lifestyle,_ not just a short-term knee-jerk "trend," because of some or other upsetting event in the news. Just boycott ALL corporations, as far as personally convenient and possible, and always remember that even if only 75% of all the people on the planet only get it right about 75% of the time, on roughly 75% of everything they buy, it will finally make a massive difference for all the causes _you_ also value. Want to bring the boys home? Do you wish to limit military actions to becoming multinational, following the principles of international law only, and independent of any corporate "interests." Do you wish to contribute to end western imperialist actions and meddling all over the world? You wish to contribute a small share to forcing Israel into a negotiated peace process? Do you wish to give small companies a better chance in the dog-eat-dog capitalist world in your country?
*Join BDS, because the international cross-border politically influencial rich and powerfull only REALLY start caring when their pockets start hurting.*
Regardless of where you live, or how much money you have, just remember this:
- You are not going to achieve much by voting in elections.
- You are not going to achieve much by posting on social media.
- You are not going to achieve much by debating on any plattform, real or virtual.
- You are not going to achieve much by making use your "freedom of speech" in any way.
- You are not going to achieve much by protesting in any possible way which will politically make a difference.
*Here is what you can do, easily:*
1) Read Smedley-Butler/War is a Racket, a very short book (should be possible in a few hours)
2) realize that after around a 100 years, NOTHING has changed
3) start unravelling the connections between big business and Washington DC, by boycotting "big brands".
Do not delay. Start today. 👍👋
@@user-zu6qn9ux9n But the worship of any of government is deluded and pathetic.
The holes dug to destroy Russia have swallowed the diggers
Well said , sir just right to the point
This isn’t even the end of the beginning.
As Russian proverb says: "he who digs a pit for others falls in himself"
Very well said
On point!
I laughed out loud when English insurance companies stopped insuring tankers carrying Russian oil. This was declared "a severe blow to Russian oil exports." The Russians bought a huge tanker fleet and began insuring it with Russian and Indian insurance companies. What, it wasn’t forbidden to do this before?!😂😂
Yap, I laughed hard also - the level of self-entitlement was staggering - If WE don't insure your cargo, you'll be unable to move and sell it.
Facepalm.
Тупость помноженная на самоуверенность
🤣🤣🤣👏👏👏👏🎯🎯🎯🎯🎯🎯
Lloyds and London do not have the power they used to have
Rusty barely insured ...
Ммм, давление на мирных граждан это супер. Когда детям с особенностями в развитии перестали поставлять жизненно необходимые медикаменты, они должны были побежать свергать Путина. Логика у западных партнеров работает на все сто.
And the exclusion of Russian disabled people from the Paralympic Games is so moral and democratic!
@@TheSerg2bobdid they really do that? It's hard to imagine someone sane would approve this decision
@@firstandlast4435 Unfortunately, this is true, you can search the Internet. The IOC has become a political organization, under the control of the United States, look at their gymnasts, tennis players, they are all on steroids, because they have an official WADA exception, like 80% of Norwegian skiers and biathletes - they all have asthma and you can use banned drugs. If they are all so sick, maybe they should have separate games for the sick?))
@@firstandlast4435 they did it since Brazil olympucs.
Моя племянница тяжело болела и умерла год назад. С 2022г мы начали испытывать проблемы с получением некоторых жизненно важных лекарств, которые в связи с санкциями перестали поставлять. И ничего кроме горького недоумения это не вызывает.
Странно..
Мало кто понимает что это было задумано и против европы. Европейский кабанчик уже стал откормлен и готов на убой, а "хозяин" захотел свежего мясца...
У США нет друзей, есть только "кабанчики" разной степени "спелости"...
G7 это Гегемон и шесть шестёрок. А шестёрки в себя поверили, не подозревая, какую роль выполняют, причмокивая.
Как сказал Киссинджер, очень плохо быть врагом США, но нет ничего хуже чем быть другом США. Уж он то знал наверняка.
As a lowly taxi driver, I remember 2 passengers a "banker" from Holland and a "financial analyst" a week after the start of the war, and I remember asking the first one whether it was a good idea to buy Russian Rubles since it had tanked, my idea being it would obviously rebound to its original point and I would make some money from the rebound: he said
"it's pointless, it will never rebound, they're done", I nodded along because he obviously knew better than me (although I had studied Russian history from Kievan Rus to the Mongols, all the way to the USSR days).
The second passenger, a German "financial analyst" in London, I asked him what would happen to the Russian economy, he said "they're done, they will be broken in 2 weeks", I was about to say something about Barbarossa and 1941 but I kept quiet because again I thought, he knows financial things, he's probably right.
Now I know both f ckers knew
f ckall about anything and especially about Russia and finance.
That’s just western paradigm of thinking, mate. They don’t even know who Karl Marx is, but they should! Cuz he’s a father of modern economy science, and he wrote about all these things for almost 150 years ago. No one wants to learn)))
That's why Russia has the most favorable economic situation, I think. This is the heart of the planet and its lungs.
👍😂 yes
@@user-bz1pk4ih9q I think it is also a center of spirituality and traditional family values.
Western arrogance and ignorance are the reason of their decline. Instead of studying the reality they decided to create their own reality using media tools.
“We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality - judiciously, as you will - we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors . . . and you, all of you, will be left to just study what we do.” (Ron Suskind, NYTimes Magazine, Oct. 17, 2004).
Запад в своей ненависти сам не понял какой подарок сделал России.
Санкции против банков лишили возможности выводить из России капиталы, заставляя их работать на экономику России.
Уход западных компаний создал условия для развития внутренних производителей.
Постепенный отказ от покупки энергоресурсов помогает нам слезть с нефтяной иглы.
Отказ делится технологиями заставляет вкладывать в науку.
Политика сегрегации русских убедила нас что запад нам не друг.
В россии есть пословица, все что нас не убивает - делает нас сильнее.
А какой подарок они сделали Китаю стратегического и экономического партнера
@@veronicfeline3869 они сделали подарок всем кроме Европы. Ирония судьбы, если вспомнить колониальное прошлое Европы
Только это не русская пословица, а придуманная немцем Ницше. Ну и вся вот эта патетика, которую вы наговорили - это крайне сильное преувеличение. Если бы всё было так здорово, то уже давно бы так сами и сделали. А не делали, потому что платят за всё обычные люди увеличением стоимости всего, кроме совсем уж базовых вещей. И большую часть потребительских товаров Россия как ввозила, так и будет ввозить, причём со временем ситуация станет только хуже, так как многие начинающие стартапы закрылись или уехали делать бизнес за границей. А весь это параллельный импорт это тупо наценка в 20-50%. Да и айти в России вообще почти сдохло, так как уехало с концами и если вы думаете, что оно вернётся сразу после войны, то нет, а восстановление до довоенного уровня уйдут десятилетия.
@@imyarekну все, Ницше сказал, значит все плохо, никакого развития😢
@@imyarekпохрюкай
Reality is that before this war, Russia was dependent upon west for critical tech and this war has finally made them independent.Sanctions on oligarchs have also forced them to keep money in Russia.It's good to see smart people in west finally realize what happened.
💯
Russia is unable to produce high tech.
I don't think they were "dependent" in a sense they couldn't do it themselves it was just Russia always wanted to be part of the West's economic network. The MC-21 is one example. Before the sanctions the whole fleet was using west made engines and now are being equipped with the Russian made ones.
@@user-uy6ug3nf4t You forgot G-20 and G-8 too, in addition to the EU, because, Russia was part of the Council of Europe and had abolished the death penalty many years ago because of it, which was a necessary requirement for admission.
@@user-uy6ug3nf4t Russia is incompetent from the ground. Nothing produced in Russia ever will be bought in the West.
And I also suspect that those theorists in the State Department who planned these sanctions just didn't realize one simple thing. Unlike most Western economies, the Russian economy is not based on financial speculation and "consumer services," but on good old-fashioned real production of goods.
USA didn’t loose anything. EU is the one that suffers, and become more dependent on USA. And maybe that was the plan in USA, to weaken EU.
@@annabondaruk4583 Like a rider wasp: "Kill the bug (here, the EU) without it even noticing it."
Geez, they even seem to enjoy!
My hat's off, dear American "deep state" decision-makers!
Russia, either alone or in conjunction with East-Asia, can operate completely independent of the USA/EU.
@@annabondaruk4583 I agree! A few years ago, I tried to explain to the incomprehensible that all these Washington sanctions under the slogan "against Russia" are actually directed against Europe in order to force the high-tech European industry to move from Europe to the United States, which is what is happening today....
To see the state of the European financial market is really rather depressing as a 20-something youth. Personally I see nothing of real substance or value being created. Everyone just wings it and inflate their egos by finding the ‘hole in the market’ as they call it here and offering a newfound service, with a pretty name and some ideas that have circulated in existence longer than them. There’s no real jobs. I cannot fathom looking for work because it’s just all ridiculous and indeed either based on speculation or creating insignificant, intangible value. It can only go downhill. Growing up in this the state of the economy always felt bleak due to this, but I never understood why, now I’m learning to understand it. There is no economy. It’s literally up on the air waiting to crash down.
Not only in terms of economy the sanctions were beneficial to Russia. Also in social aspect too. During the shock of first few months of the SMO a lot of people who were either not political or opposed to the government, rejected the SMO and was either outright hostile to it or not supportive. A lot of people were not sure about it.
But when the west imposed sanctions and companies left these unsure people felt the hubris and outright hateful hostility towards them from the west. Just because guilt of association and collective punishment methods. These actions actually convinced a lot of people that the Russian government is right, that the Putin was saying the truth. The ideological enemies of the government and NGO-affiliated opposition left the country and the rest of the people unified or at least accepted the reason behind the actions of the government.
Damn straight
Never ever did I vote for Putin in 20 years. Next week I will.
@@olga.s.ignatovalove for Russia 👍
Ни когда не был сторонником Путина, но после начала СВО,введения санкций и отмены всего русского, я принял сторону России, запад для нас враги, произошло чёткое разграничение по линии свой- чужой.
Вы абсолютно правы
Now you understand why Putin never complained about sanctions....
Everyone with at least one brain cell knew that the western move to sanction russian oligarchs and villify every russian was a dumb move. If you truly wanted to collapse russian government, you would have insentivised russian affluent and middle class to migrate to the west. In the hope of depriving the russian government of skilled labour further excercebate, money leaving Russia.
They say that Napoleon once said that you must never interrupt your enemy when he's making a mistake.
But he did say ,that its gonna hit u more then me , Putin was openly with its .just usa didnt believed it xd
@@The_Dark_Lord-69 Napoleon also got his ass handed to him when he tried to invade Russia. Another genocidal imperialist puppet, worshipped as some kind of hero by misinformed, poorly educated westerners 😂
@@roshannouriii9373 There were articles about Putin call with German/French heads in 2022 and both were wondering why Putin never once bring up sanctions....Now they know why.
"If your enemies are making a mistake, don't correct them."
Napoleon
Machiavellian logic.
"Read this if you believe sanctions against Russia don't work. Here are just a few examples:
1. $300 billion USD frozen (half of the national currency reserves) - can't be used for war; profits to be sent to Ukraine.
2. National welfare fund decreased by 37% (source: Kommersant).
3. Russia cut off from international loans and unable to buy imports; China not ready to provide loans in yuan; imports decreased by xx%.
4. Real inflation in Russia after the start of the war (even without pre-war COVID inflation): 30% for food, 50% for clothes, 50-100% for cars (source for food prices: Meduza).
5. Gazprom, a major company, facing negative profits; 30-40% drop in gas sold to Europe, which can't be sold to China due to distance, insufficient gas system capacity, and the need for a new system to be built (5-10 years), but China in the north doesn't require as much gas.
6. Budget deficit for 2024 already (year has only just started).
7. No new civilian planes built in 2 years; Russia's major car brand, Lada, has doubled in price but now lacks safety features, power steering, and electric windows.
Take a look at Cuba, Iran, and North Korea, and then say sanctions don't work. You can basically see Russian bots screaming in the comments in Russian (as they don't speak English and aren't capable of using Google Translate) about how sanctions don't work. If it were good for Russia, do you think they would spend time here?"
I like this guy, stating the facts, an honnest professor.
It's rare to see honest analysis like this from western "experts".
8
But far away from reality ....bet he doesnt know what happen in Russia pffft
rare find
He carefully avoided all and any facts.
What Russian sanctions have done-Cemented ever strong bond between China and Russia,Made Russia a more self reliant Economy,A major player in BRICS to expend it further,India stood firmly for it,Created a lot more favorable ground for it in Middle East,Given a new impetus to its new era technology like AI,Semiconductors,Weapon sophistication etc.An over all gain at the expense of shrinking USA/EU influence.
The idea that everyone one who opposes the US is holding hands united is almost completely fake. The world doesn't work like that. Even within one country there's always tensions and opposition.
Чушь
Russia became stronger. Thanks for sanctions.
Here in Russia many thought that we are totally dependent on EU buying gas and and oil. It turned out EU was much more dependent on Russia. We expected that our economy would indeed contract significantly if not collapse, but it didn't. In fact we have merely seen any negative effects on our day to day life. And that's why Putin's approval rating is that high - to our great surprise we've managed to build an economy as stable as we did not dare even to hope to have.
Putin is probably the most or the TOP 3 more popular president nowdays (with Bukele in Salvador, and Modi 1° minister in India). I live in Colombia, South America, and I even feel proud of Putin as a president, i really would like to have a president like him, that loves the country, the people, someone that figths fot the sovereignty of the country and want to put Russia in the rigth place that correspond. Being the 3° most powerfull country in the world behind China and USA. I really hope i can go Russia to travel and meet some people and places.
It is not just Putin, there are many great experts and patriots in your country working together supported by Kremlin administration. Great job to all Russians and to Kremlin for a great foresight adapting and changing regulations quickly to suit a new environment.
@@agatharepasky6888 of course! Even more so, Putin is JUST the president, i.e. he is just doing his job. Contrary to what the west thinks - he is indeed a decision maker but with a lot of boundaries; he is part of the system, its representative, but he is not the system itself nor does he define it, at least not completely (far from it)
Unless you get drafted 😂
@@ghostviggenNot happening yet.
Russia have sooo much goods that world need.
China especially.
Russia don't need EU
Справедливости ради - России нужен противовес Китаю. Жаль, что европейцы решили совершить коллективное самоубийство, они бы сбалансировали систему. Ну что ж. Значит противовес Китаю будет в Иране или Турции или Индия.
Exactly. We in Slovakia can just beg them to admit us to their sphere of influence. EU/NATO are not only rotten effigies but dystopian criminal organizations.
This is not correct, we lost MacDonald's brand, all places working as before, but now income from those restaurants stay in Russia, before that, all income was sent abroad. Last year I had customer, currently called "Tasty thats it" preciously "MacDonald's" they were ordering gifts for anniversary😂 there was glass figurines for top managment and best workers from all of the country, with text "10 years together" "20 years together" etc. and I have many examples similar to this one with different companies from Finland, Germany, Latvia, Estonia etc:) even with proof, import declarations, invoices:)
Yeah right..... Russia export so much to world markets! 🤣
@@warget1 at least the income wouldn't be sent to diapers nation and part of it become tax that works for the betterment of the nation.
It is nowadays rare to find a scientist who is willing to stick to the facts.
Crazy isn't it
They are forced to see facts. West is an illusion
You mean that fact that Russia sold the oil at the higher price? I stopped watching right after this nonsense
All experts in the West are bought and paid for propagandists.
he has barely any idea what he is speaking about.
I spoke to local Russian business men.one of them said thanks “uncle Biden”. There are factories popping up left, right and centre. What they used to import is increasingly being produced there locally
Like iPhones, PlayStation, Tesla, Coca cola,
@@ghostviggen Almost every Russian is using iPhone :)
@@ghostviggen Cola has long been produced in Russia, Boeing and Airbus are in the process of being replaced within a year, Tesla is not a cult car and is not suitable for Russia. The iPhone will soon lose its role, and Chinese analogues will overtake it, since technical specialties are not popular in the UStates.
@@Nahal0nok Boeing haven’t got a good track record, but Airbus is not something I would want to replace.
And good luck with Android…
Of course there are new factories, you are waging a war which has no end in sight. Do the math what the average citizen gains from that.
It's good that the Internet remembers everything. On March 7, 2022, former U.S. Ambassador to Russia Michael McFaul: "Russians, you will live in complete isolation for the rest of your life if you do not stop this war. Your vacation will be in Tehran and Tskhinvali. You will no longer have foreign cars, phones or household appliances. no one else will invite you to conferences. Russians will become outcasts in the world. But it's not too late, stop this war now."
lol😊
These sanctions only work in one aspect: making regular people's and small businesses' lives more complicated. Like me. I'm a regular Russian and i'm running a small import-export business. Due to sanctions, I have been having troubles with bank transactions into/from Europe which made me partly switch from European partners to Chinese and Malaysian ones. Business i'm still running with EU has become less profitable due to adding '3d parties' because it can't be run directly, and '3d party' obviously takes its fee. Besides, i've spent so much time designing these schemes instead of investing that time into actual profit... Am i going back to Europe in case sanctions are lifted or i find a cheaper way around them? I doubt that. Meanwhile, huge corporations don't have those troubles. They either can afford to pay 3d parties whatever fee they want and not to give two shits about costs, or just are so in touch with governemnts and European 'counterparts' that somehow run business directly lobbying 'exceptions' in their own favor from sanctions regime.
I can't believe somebody in EU or the US was seriously thinking like 'Ok, let's cut a bunch of Russian companies off SWIFT. That is definitely ought to make Russia stay away from Ukraine!' How delusional you have to be...
Very interesting insight. Thanks for sharing! I wonder if expand your business to more south east asia countries?
@@HungPham-hm9yk Thank you! Expand is a much strong word. Right now i'm still on the 'restructure and try to survive' stage. That really takes a lot of effort and leaves very little of time for strategic planning. But you know, you dig into something, acquire connections, meet people, and at some point things just start to go naturally. On one hand, this actually is a slow process. But on the other hand, 2 years ago none of what i've gone through during these 2 years was even close to smth i could have imagined. Swithing to Malaysia and China was a no-choice option to me, but in time, i'm sure it's going to become more of a deliberate matter. Vietnam, Singapore, Indonesia, Thailand... There's so much to explore!
In their infinite wisdom they thought if they made life hard for normal russians they would topple putin. Seemingly learning nothing from history or North Korea, where it does nothing but galvanizes the support of the populous toward their government.
Do you pay taxes in Russia? Then the goal is achieved. Do you think that EU also dont replace you with somebody else? It affects war in multiple ways - you are upset, you are not in Europe, you make less money. That already is win-win-win. RU war waging capabilities have decreased, count of Putin fans in EU reduced.
@@the_g371 You must be confusing Russia to America where small businesses make up a carcase of national economy. In Russia, economy is driven by state owned or state affiliated companies who generate more revenue and taxes in 1 second than i do in 10 years. Economy is not suffering from small businesses paying less taxes, that's a drop in a million buckets. The state itself provides tax cuts for small businesses, so that they keep on running somehow and try not to starve to death in the time of troubles. This has literally nothing to do with Russia's war waging capabilities. In reality, those capabilities have increased multiple times thanks to helicopter money being poured into military industrial complex, research and development etc. They simply convert public (or 'kind of public') corporations' surplus profit into tax burden and go for federal budget deficit. You can't stop that with sanctions, even in theory. It's quite obvious to me that the initial sanctions plan was to achieve quick result by loosening Russia's financial system and collapsing it's economy. A plan in its genuine wisdom equal only to Russia's plan to achieve quick results by capturing Kiev in 3 days. And just like Russia now can't stop the war without result once it has started it, EU now can't lift sanctions without result once it has imposed them.
Many people said:
"Don't poke the Russian Bear."
They said:
"Don't worry. When the bear emerges from hibernation it will find its territory devestated from our financial sanctions."
Epic Fail
That's very witty...
История ничему не учит. И это длится уже 1000 лет…
That Russian bear is not a bear, its a rabid regional hyena.
@@yuliabalashova3866lol, this is a great wife beaters logic
@@the_g371 хрюкай тише. фантазёр
The bottom line is that the sanctions have failed.
Failed back fired 😪 and has done good to Russia
Санкции не провалились, они принесли пользу промышленности России.
Санкции - это ограничение. Причём двустороннее. Вы ограничиваете не только того на кого их накладывали, но и себя. Могут ли помочь самоограничения сохранять конкурентоспособность? Едва ли.
@@user-tq9dr7so4c Могут, и это называется заградительные пошлины.
No, they didn't!
They are transforming Russian economy in ways and at speed that were unthinkable otherwise, while hurting the EU citizens badly, at the same time!
This way, they're quite successful, only with somehow opposite effect than intended.
Russia says goodbye to the west.
The west can go far, very far. There is a special Russian expression for that.
😂
Петр первый открыл окно в европу а Путин закрыл🤣🤣🤣
@@liisaification Путин окно не закрывал. Это Европа закрылась от России. Иностранцы, которые дружат с головой, продолжают ездить в Россию. А россияне продолжают ездить туда, где им рады.
Точняк))) 🤣🤣🤣@@liisaification
@@liisaificationкак он сказал недавно в ответ на подобный вопрос, когда сильно дует, можно и прикрыть форточку. Но что, тем не менее, мы ничего не закрывали, а они сами закрылись от нас ;)
Russia is bigger than europe and north america combined and has 150 million populations and china,india,turkey and iran buying russian oil and gas. If you combined those countries populations it is 2/3 of world populations.
Actually The US and Canada alone are bigger than Russia.
A tiny detail is at what price they purchase it :) Another tiny detail how to transport gas from Europe to India.
Газ в России транспортируется и на Дальний Восток. По своей территории по своим трубопроводам к газосжижжающим предприятиям. А оттуда - океаны не куплены американцами.
А скоро и сухопутным маршрутом - через Иран и Афганистан. А что там будет с полуостровом Европа на огромном азиатском континенте - мало кого волнует.
@@user-rp1im1iw6w Its copium infused bs, plus you are simply obsessed with Europe - it would be a dream if Russia would stay in Asia. Where Putins daughter lives? Where Solovjov had villas? Omsk? :)
Иран не покупает нефть у России, в Иране своей нефти много. Нефть у России покупает США и Индия, которая её потом перепродает страны ЕС! 🤷♀️🤭
I live in Sweden and I feel the sanctions
Same in the whole EU, friend.
We'll have to "pay the price for our values", as Biden said some 2y ago...
I suspected at the time he might be having in mind the increased cost of life in the EU, because of the higher prices of American imports and here we are...
what... why would anyone live there... Do you guys even know what life is from your idilyc lil country
I live in Russia and I don't feel the sanctions
@@Colorcircle значит ты паралитик
If so fun to read these fabricated propaganda comments, you clowns are not fooling anyone 😂
Когда в 2022 году нам вводили санкции я не мог понять один момент: всю историю люди воевали за ресурсы и рынки сбыта, а тут европа отказывается и от ресурсов и от рынков... И называют это санкциями...
Они хотят дешевые ресурсы и исключительное право на сбыт.
Иными словами полумертвую Россию, способную их обслуживать
Был расчет, что Россия рухнет и ресурсы будут "у них в кармане", но что-то пошло не так)
Эти санкции направлены против европы. Крупный бизнесс уходит в сша из европы
@@user-oj4mv4pq7o Это к вопросу "Кому это выгодно?"
As a Russian from Far East I can say prices somewhat went up but not skyrocketed. However, Far East is like Alaska to US, it's low-populated and far from central part of Russia, hence prices here always higher and fluctuate more because of small market. I can feel sanctions when I can't pay for stock footage or porn =( other than that I don't feel like life changed drastically. However I think our government need to make a long and detailed bill for every country supporting ukraine with weapons equal to the cost of damage done by this weapons, to reclaim this debt when time comes
Потеря контента 18+ - это реальная проблема в России.
@@KrivMih да нет, бесплатного вконтакте куча
@@ivflash6363 а зачем вообще платить за неё? Сам снимай лучше))) если понимаешь о чем я
@@AndRei-yc3ti я не могу найти девочку, с которой можно было бы такой контент пилить, а так я сам проф. видеооператор и монтажёр )
@@ivflash6363 в моем опыте большинство как раз согласятся, главное как преподнести)))
Living in Siberia: plenty of local food, no hobos, no immigrants, cheap energy and Internet faster than in Europe. What do I do wrong?😂
Just ask westerners, they can explain, that your life is crap 😂😂😂
@@nedialkosimonov3893 oh OK, better to be a ukie living in real crap but in free democratic crap
@@nedialkosimonov3893asking to EU transgenders?
@@Ivan-wp1ne1 , sarcasm , use to be some common feeling in human 😉🤣🤣
@@EnriqueVivancoH , thats all they think for Russia - Life there is 100y ago , almost stone age 😉🤣🤣
The fact is that these sanctions have been developed and are ready to be applied in completely different conditions. The West planned that destructive processes would take place inside Russia and in these conditions they would work. But Putin preemptively decided everything. He said: If a fight is inevitable, strike first.
А по другому с гопниками никак. Они понимают только язык силы.
now I'm looking at the manufacturer very carefully. I try to refuse goods from unfriendly countries. To support Russian manufacturers and manufacturers of countries friendly to Russia. Many people tore off their masks, and all the shit poured out of people in relation to the Russian people. I hope that those companies that left will never come back. I'm going to China soon to share my architectural experience and get a new one. I used to love the West and Europe, but now that love has turned into a feeling of pity.
I live in Finland and I feel the sanctions.
for Finland to join NATO and introduce restrictions for Russia, as a Russian who lives in St. Petersburg, it was immediately clear to me that this was economic suicide. I myself work in a company that has been working with Finnish equipment for almost 20 years, after restrictions we began to make analogues of this equipment ourselves. The first ones were expensive, but after testing the technology, the equipment costs almost 2 times cheaper. even if the restrictions disappear, we simply won’t need Finnish equipment anymore. I can only wish good luck to my Finnish neighbors.
@@NotrusbotSo everyone is happy then. Finland got into NATO and Russians can mind their own business on their side of the border.
@@ghostviggen yes, but will the Finns be able to continue to do their business just as successfully? many Finnish companies that worked in Russia will not be able to make a profit from here. Even the forest for which Finland is so famous was from Russia; in Finland they only processed it. I hope they can make as much money from cloudberries and birch bark as from trade relations with Russia
@@Notrusbot The weapon industry in Europe is working 24/7. And Finland builds nice hardware. They will do fine.
@@ghostviggen in Europe or specifically in Finland? I don't care anyway. less production, cleaner air, ecology again. good for health.
Sanctions did nothing to Russia😅😂😂 I lived there in Kazan. Life was normal in 2023 and now. Ukraine loses the war everyday.
Putin is very smart cookie and west will be forcibly or voluntarily recognized that. He was getting Russia ready for these sanctions for at least last 20 years Slava Rossiya ❤
Yes, you are right
He is a Texan, so he speak his mind, which are the fact of the matter of discussion. And he knows what he is talking about. Real stuff. No BS., unlike other so call experts with their own agenda and narrative. Good on him.
Is he a cow herder?
As russian I'm really impressed with his knowledges and understandings of the processes. Usually we don't hear that kind of analytics from foreigner. I'm also kinda impress that he noted one of the main things that Putin been fighting for a very long time - so-called colonisation by West. Hats off. This is real professor here.
I'm Russian and I will be really grateful If you could clear up why do write "He is a Texan, so he speak his mind". Is it a feature of (all or many) Texans? Thanks a lot in advance!
P.S. Let there be more people in the world politics and power who really speak their mind. And heart)).
What disturbs me is, he looks elderly. I do wish Dr James Galbraith decades and decades of happy life to come. But I also would like him to have raised lots of, emmm, disciples, if I may, -- not in terms of the alleged "pro-Russianness" but rather, in terms of the good old critical thinking "out of the box".
@@MrTarleconUnless you are Russian and mention the war… sorry my mistake “special operation”
Living in the EU I could feel the sanctions every week doing groceries, but paying my monthly utility bills literally makes me cry.
Sorry you are suffering for the hubris of your leaders. Russia wanted partnership. A Eurasian block from Portugal to the Pacific Ocean, but the US could not accept such a thing. They wouldn't be able to dominate and control such a state. With Russian resources and technology why would the EU need the US. So they used HATO to divide and create a war in Europe so they could sell gas to Europe. Evil America but also stupid Europe. The only winners are Russia. Now the US wants to focus on China. Good luck with that.
The joke is a dialogue between a Western European and his child.
"The son asks Dad, "Dad, why is it so cold?" The father answers: "Because Russia attacked Ukraine." The child asks what we have to do with it. "Because we imposed sanctions against Russia to make them feel bad." The son asks: "And what are we, Russians?"" 😂😢😮
Really? Apparently I live in some other EU. But yes, you live in Latvia and your life so much depends on Russia. I wouldn't trust being so close to this country
@@daniles I live in UK - do feel the "sanctions", my work colleagues - do feel the "sanctions". You don't? Where do you live?
@daniles Actually I was talking about the UK and Italy. However, you're right about Latvia. They're miserable.
Happy for you and "the some other EU". Meanwhile in Europe that I'm familiar with...
Food prices have continued to rise across Europe. The price of olive oil has climbed more than 50% in a year in the EU. Italians replace olive oil with cheaper vegetable oils due to price rise.
Across the UK, as the cost of living escalates, people are looking for places to keep warm - even outside of their own homes.
Londoners face ‘eat or heat’ Christmas crisis. Many households are still facing the same impossible choice: buy food or heat their homes. British households will be cutting back on their food shopping this winter to afford their energy bills.
Stark new figures estimate that some 4,950 excess winter deaths last year in the UK were down to people living in cold and damp homes.
Such a balanced overview of the impact the sanctions have had on the Russian economy. As a researcher based in Europe, I'm appalled at hearing some of the outlandish spins my colleagues in the Economics and Politics departments are giving to the current state of the Russian economy. Burying their heads in the sand doesn't begin to cover it. They continue to maintain the sactions have decimated the Russian economy and I fail to see any evidence of that.
Hello! I'm from Russia. The economist teacher told only a small part of the truth. The reality is much more interesting.
We in Russia read the entire world press. The state, at its own expense, translates it into Russian and publishes it free of charge. For example, the site "Inosmi" (check it out). There are many other, private sites with translations of world media. Maybe this is “Freedom of Speech” and the basis of real “Democracy”? Does Vax have something similar? No. Russian media are banned.
After all, as a result, we know all points of view and everyone makes an informed decision.
Watch the American film "Don't Look Up" - it is very similar to the truth about the West
But €20 is €20. 🤷♂
It's really mind-boggling how divorced from reality the Western professoriate is.
Спасибо большое! Всю жизнь нам рассказывали что своего ничего не надо, продадим нефть и купим все самое лучшее на Западе, но слава богу случились санкции и теперь политика изменилась. Печально что случилась война, но такова цена недальновидности некоторых политиков.
I think the West is not listening to Putin and Lavrob. Lavrob said that they have two economies and they don't intermix. One is their industrial economy targeting their consumers, and the other is their military industrial complex economy which export weapons and upgrade their military to the latest threat. They are financed differently. Putin have already initiated the substitution program after 2014 because of sanctions. Factories were slowly created to eliminate imports of foreign parts and components and gaps were remedied by encreasing imports of vital parts for military until their R&D build the tooling and factory. It accelerated in 2021 and over 20 factories were built every month. It is staggering how much work were put in by Russia to achieve this goal of "self sufficiency." Then Putin made an announcement about January of 2024 that Russia will be self sufficient in a couple of years which mean next year. However, it is happening faster. Technically Russia has the capability and most of all they have all the resources under their feet to make it happen, and rapidly adopt to any changes in the battlefield and the economy. One Western general said, "do not underestimate Russia." It will be foolish for the collective West not to listen. Just saying.
Excellent comment!
But he's LavroV. 😅
Yes I agree with you
I live in Russia and we get a lot of revenue from sanctions
western titans of Russian market turned out in Russian titans of Russian market without losing quality
we thought that it will be hard to live without western companies, but now we saw that we don’t need western companies
we are good without them
Есть у нас, у русских, пословица: "Не рой другому яму - сам в нее попадешь!"
Источником этой пословицы является Библия. В книге Екклесиаст глава 10, стр. 8 сказано: "Кто копает яму, тот упадет в нее, и кто разрушает ограду, того ужалит змей", но это хорошо когда библейская заповедь становиться народной пословицей!
You bet if I post this in X, Ukrainian bots will say am a Russian bot 😂
They will say the professor is a russian troll...
@@tidjaniassia7260 скажут, что это загримированый двойник Путина
If pro western media (for example WSJ) says something unpleasant about Ukraine they say Putin bought this media 😂
Definitely 😂
😂😂😂 you will be called Ivan, Orc, vatnik
I still remember vividly when the sanctions happened I was using a Finland firm( local btc ) for my crypto portfolio and then they sanctioned Russia and its resident …boom then I was given about 30 day to take away my crypto from the site due to the fact that they can’t deal with Russian clients…. It didn’t take up to 5 more months the firm local btc closed down ….the eu sanctions Russian but fail to understand that they just ended and sanctioned their own firm
Most importantly, Russia is surrounded by post-Soviet countries that still maintain strong ties with Moscow. That is, any necessary equipment from the West can be easily purchased through proxy companies in Kazakhstan.
And of course China also took part. They are actively investing in the Russian economy right now.
Sanctions are illegal.
Не видно закупок высокоточного оборудования а лишь замещение импорта европейского на китайский
@@Vadim-gi4sg у меня знакомый работает в компании которая поставляет и настраивает всякое высокоточное оборудование(сложные микроскопы, станки, всякую прочую высокотехнологичную фигню) для производств(в т.ч. и для оборонки). Он в Казахстане эти 2 года находился больше чем в РФ.
У китайцев многого нет или оно хуже.
The Russian ability to adjust is stunning
They were preparing for more then a decade, even before '14.
If You had seen how people managed to adapt in the Russian 90s then the current situation would not surprise you.
Soviet Union completely switched to full-military economy from 1939 to 1941. Every single factory, production line and small shop was working to ensure the victory. It was done before.
@@YourCRTubeПутин предупреждал Запад ещё в 2007г. в Мюнхене. Тогда над ним смеялся весь Запад. А сейчас смешно? 😮
Санкции не провалились, они принесли пользу промышленности России.
В каком месте именно? На Урал вагон заводе?
@@Vadim-gi4sg у меня в маленьком городе каждый месяц открывают новые производства. людей нехватает.
@@Vadim-gi4sgИ там тоже. Слава салу.
@@Vadim-gi4sgда живу на Урале, у нас на металлургическом заводе море заказов
@@Vadim-gi4sgв Ижевске строится много заводов
Very deep and great analysis. I wonder if the economic think tankers of the west failed to see the other side of what the sanctions would be before imposing them.
They're just tanks without the thinking part.
They assumed it's 1990
This channel is run by a think tank.
If only those who imposed sanctions where half as smart as they thought themselves, they would have done their homework like this chap, but no hubris led them to sanction first and then think later. Come elections they will pay a terrible price when electorates make clear to them they abused their mandate.
Very convincing. The point that Russia is such a different economy to Cuba is important. Though Cuba has managed to adjust and adapt as well to be more self sufficient.
But basically you create a super power. Want an example? Look what happened to Ecuador last week. The USA closed a deal with them to buy Soviet weapons from their army to send to Ukraine and the Russians threatened to stop doing business with Ecuador and they had to backtrack and canceled the sale to the USA
@cic2010 And that's a good think, that's how it goes. USA wanted to buy soviet time military equipement, but the contract with Equator specified that Russia needs to give the accord, which they di not, of course. The Russian, smartly, siad that the bananas that they imported from equator would have to go trough a bigger scrutiny because of a banana desease they did not want to import in Russia. Of course, this is bullshit, and they know equator know, but that's the way it is. USA, EU, do that all the time, remember Huawei?
So, equator enforced the close in the contract and said no to USA, as it should. One would just question USA why they go around the world and fuck-up with smalls countries like Equator, who is to blame in the first place? I leave you with your consciousness.
Where did you get the assumption Cuba has adapted well? Cuba is struggling. The US embargo is choking their economy and the people are exceptionally poor, near starving. If they are "self-sufficient" as you say, it's because they can't afford to do anything else.
@@delavan9141 Compare Cuba with any other country in the region, sorry but compared to the other countries in Central America they are doing very well
Cuba is a small country and doesn't have trillions of natural resources like Russia does.
Техасу не надоело быть колонией??может пора уже написать свою конституцию??😅
В феврале 2022 гоа, когда началась война, я заболел коронавирусом и 2 недели не мог спать на фоне новостей с Украины. Когда посыпались новости о том что будут вводиться всё новые санкции, я думал что это конец, когда закрывали магазины и цены выросли почти в два раза, я думал что экономика России не выдержит, но вот прошло 2 года и всё вернулось на свои места. Цены на некоторые товары стали даже дешевле. Жаль что война всё ещё не закончилась, новости с фронта всё ещё не дают мне спокойно спать
Живу в Москве,город с каждым днем все лучше и лучше,увеличивается транспорт,строятся дороги,дома,культурные центры,выставки и мероприятия и т.д.Когда все закончиться,Россию будут воспринимать по другому.Не всем будет хорошо,как было раньше.Самая богатая и большая страна в мире,а вы как хотели?
Покажите этот ролик Сергею Гуриеву
давно мне стало ясно, что он предатель и ведёт себя не как учёный, а как человек, что желает развалить страну.
@@mihael1251 Так это "светило научное" и свалило-свинтило аккуратненько так уже -- "к папе" за океан...
Его, конечно, подвели к этому. Ну, чтобы уже спокойненько отъехал, не вонял...
Это кто такой?
Гуриев с сотоварищами говорят, что идея с санкциями была хорошей и верной, просто реализация подкачала: дескать, США и ЕС ввели недостаточно жесткие санкции и продолжили покупать у России сырьё (от газа до урана) вместо того чтобы объявить полный бойкот. То есть это не Гуриев просчитался, а западные страны его подвели своей мягкой политикой реализации санкций. На самом деле, конечно, они сильно недооценили Россию, представляя её примитивной бензоколонкой. Даже Арестович в 2019 говорил: "Россию не остановят санкции. Если Иран пережил их, то Россия это сделает ещё эффективнее, потому что это намного более крупная экономика".
Что Вы такое предлагаете? Вообще-то, доведение до самоубийства - уголовная статья!
What a succinct analysis! Thank you prof. Galbraith!
"Read this if you believe sanctions against Russia don't work. Here are just a few examples:
1. $300 billion USD frozen (half of the national currency reserves) - can't be used for war; profits to be sent to Ukraine.
2. National welfare fund decreased by 37% (source: Kommersant).
3. Russia cut off from international loans and unable to buy imports; China not ready to provide loans in yuan; imports decreased by xx%.
4. Real inflation in Russia after the start of the war (even without pre-war COVID inflation): 30% for food, 50% for clothes, 50-100% for cars (source for food prices: Meduza).
5. Gazprom, a major company, facing negative profits; 30-40% drop in gas sold to Europe, which can't be sold to China due to distance, insufficient gas system capacity, and the need for a new system to be built (5-10 years), but China in the north doesn't require as much gas.
6. Budget deficit for 2024 already (year has only just started).
7. No new civilian planes built in 2 years; Russia's major car brand, Lada, has doubled in price but now lacks safety features, power steering, and electric windows.
Take a look at Cuba, Iran, and North Korea, and then say sanctions don't work. You can basically see Russian bots screaming in the comments in Russian (as they don't speak English and aren't capable of using Google Translate) about how sanctions don't work. If it were good for Russia, do you think they would spend time here?"
The things is, if you had lived in Russia and listened to ordinary people here, you'd have known the biggest complains that Putin faced before. And it was exactly this: lack of development of local industries while having all the opportiunities to do so and dominance of western companies. Now, with the sanctions, it's what the people wanted to see. Yes, some indistries are doing better some worse, but sorry, our economy is only going to get stronger.
So, yes. Thank you for the sanctions.
nato failed to hold the Russian economy hostage
The Russian proverb says: what doesn‘t kill us, makes us stronger😂😂😂
This is why I want African countries to be sanctioned so the leaders can start thinking properly and doing the right things.
Sanctions brings out the best out of people.
Чтобы это возимело эффект, эти страны должны иметь ресурсы-ископаемые, технологии и образованное население, развитое сельское хозяйство. Плюс руководителя-государственника. Хоть одна страна на континенте соответсвует этим критериям?
Didn't work out in ZW
@@yuliabalashova3866They have it all + a sunshine 365 a year, but the population isn't educated, that's the problem.
They need smart people.
Не сравнивайте африканцев с русскими. У русских высокий интеллект , острый ум и высоко образованное население.
Африканцы у себя даже воду добыть не могут.
As one of most famous oppositioner in exile said "west built a wall and forbidden to take any money away from Russia. Meanwhile it started to throw money into Russia to buy oil and gas. Businessmen didn't find way to transfer money abroad so they chose to stay. Western companies left Russia so many niches were open. Businessmen invested money that they couldn't transfer abroad into these niches that led to enormous Russian economy growth. ". That's the interview of Chichivarkin.
Well,the thing is that the Kreml outsmarted the West. At least since 2014 it became pretty obvious that
a economical decoupling from the West was necessary in order to avoid being blackmailed into submission
in the long term. So the Kreml had to choose between a difficult military campaign against a heavily build up
Ukrainian military some years in the tuture or risc civil unrest in a heavy handed but devastating early military
campaign in 2014/15.
Many of the Kremls advisors prefered the latter. They saw clearly what was happening. That the Ukraine
was a trap setup to destabilise the Russian Federation politicly. So they preferred a quick and brutal campaign
that probably had costs millions of ukrainians civilians their lives.
But the Kreml decided to play the long game,because the political advantages of this were clearly more favorable
although the inevitable military clash would be harder.
Anyway,in the time between 2014 and 2022 russian diplomacy made sure that it could weather the storm,establishing
mechanisms to adapt economicly quickly and that the common russian citizens wouldnd have a reason to complain.
Certainly what is decicive is the fact that Russia is in fact the richest country in the world. Measured in real,physical
richness not in FIAT currency numbers on a computer screen. And that it has a population that pretty quickly grasped
what is at risc.
Nationalists coping
Brilliant! A pretty well-done factual summary. Thanks.
@@JohnSmith-mc2zzHow many flat-brained posts here and there until you make enough for coffee? Just curious what's the pay rate, really.
Great summary, one of the supportive facts for this is the graph of gold buying by Russia since 2014. Our government started to pile up gold to make sure we are holding something with a real value in what was coming
@@ledlight1487 Don't worry. I unsubbed from NET because they mostly have flat brained guests. I'm not getting paid to state the obvious here. The guest had some good albeit obvious observations and he warped the truth. The people in the comment section are straight coping.
Westerners: How many more sanctions can you stand, Russians?
Russians: Yes!
I got my degrees from UT Austin. I was dumbfounded by how much faculties at UT Austin wanted the utter destruction of Europe. As a European I could not agree with this. But here we are. Thank you America, for destroying your allies. It became clear that the Atlantic alliance was and is obsolete.
it was only created "to keeep america in, russia out and germany down". that was the sole purpose of nato. well... it has pushed russia all the way out and germany waaaay down now... so... mission accomplished?
Вашим единственным реальным и выгодным союзником была Россия, но вы сами от нее отказались.
Цель США в этой
войне- экономическое уничтожение и полное политическое подчинение Европы. Ну и заодно российские ресурсы к рукам прибрать. Россия сопротивляется и выигрывает. А Европа сама помогает себя уничтожать и, похоже, проиграла.
The sanctions overestimated the economic power of Europe and the USA and their geopolitical influence. The world has change significantly in the last 20 years and became much more complex and "multipolar" (in the strict economic sense who also influence the political aspect). Rusia, a clearly pro-western nation (Why do you think their biggest economic project were focus to the UE and only after the sanctions of 2014 they start to shift?) was a convenient enemy thanks to the "cold war warriors" in the USA political elites and the popular ideological rift trough the XX century between "communism" and "democracy" who serves today the objectives of those elites. Could have been a present of prosperity and peace but "The West" cannot stop his imperialist outlook of the world and history.
Так и есть, да
It's all bullshit. There was just a report that in Germany we are now buying Russian oil which gets funneled through India, relabelled and sold to us at a much higher price.
It's about economics. Pipelines to Europe were built back in the 80s under the USSR. It was the most economically profitable direction back then. Russia has already begun to build gas pipelines in various directions. The Northern streams were built in order not to depend on Ukraine and to abandon transit through its territory. By the way, this proves that they were not going to capture her. If it were not for the aggressive behavior of the United States and NATO, there would be no military action.
honest people are scarce - thank you
Hmmm
Just so that you understand the impact of sanctions in the Russian Federation: the cheapest iphone is now being sold in the Russian Federation. How did it happen? Apple has officially left Russia and now no one dictates the price of Apple products, which means that the price is set by the ratio of supply and demand, which forces prices for Apple products to fall. An amazing situation
As Russian who lives in Russia I can definitely say that we're more than fine these days and truly independent. We have our own payment system and have no need for VISA or MC. We have a full house of resources, all kinds, while USA and EU is still dependent on some of our resources. Shelves are full of groceries, all other shops and markets are full of everything you need. Sanctions not only "not working", but actually hurting USA and EU more than us. Guys, come on... a country that is trying to control the world by putting sanctions on everything is sees will eventually go under. That worked foe some time when China wasn't that strong, but USSR was strong. Now both Russia and China are strong. And Iran, and even North Korea, which is sending shells to Russia and USA can't do much about. USA and EU (read NATO) is weaker than ever. The world will eventually abandon the use of dollar like it was couple of decades ago and the debt of USA will play its destroying game towards the owner of that debt.
А западные страны выдержали ли бы такие санкции или хоть половину? Думаю нет
Так они сейчас сами же под ними и находятся. Пусть в зеркало посмотрят и бревно в своём глазу поищут.
Around 6 minutes mark, "Moskvitch, Lada" is not him speaking foreign, it's the name of the company making the automobiles.
Russia was exporting, not importing grains, for quite a time now.
The Airline Business recovered in an amazing manner
- The abandoned the joint venture with China which were producing the CR-range
- Irkut Corporation
- Ilyushin II IL range
, Tupolev and Sukhoi
- the UAC’s MC-21
I mean, these aircraft have now been directed towards the local market only. But Russia controls the entire production line. Unlike the West who has outsourced many components to various countries.
This is totally remarkable.
Funny how the tune changes once you win a couple of key battles
Brilliant analysis of where we, the Russians, are at this point in time economy-wise. I must say I'm happy the US gov didn't have you, sir, as their analysis provider in 2022. 😂
If you were with them, we might've well not gotten all these precious gifts that boosted our domestic production of everything
Wrt wines and cheese - can confirm. The situation was pretty bad circa 2015, but nowadays they have excellent domestic wines and fancy cheeses, certainly no worse than French. I go to Russia every 3-4 years to visit family and friends. Last time I've been there was in the summer of 2022. People freaked out a bit in the first 3-4 months, but then things got "normal", ruble stabilized, prices came back down. Part of the reason is, nobody in the Russian business has any doubts that the sanctions are going to last, so they plan accordingly. What used to be unprofitable due to cheap imports from established suppliers is now all of a sudden in demand and profitable. Heck, making domestic passenger aircraft is _feasible_ in Russia now, thanks to both Boeing and Airbus withdrawing entirely. Secondary effect: real wages are growing, and the GDP is growing as well (albeit slower than real wages).
Thank you for sanctions. Thank you for fascist level of russophobia. We see who is who now. Thank you. ❤❤❤
I think that after a suitable amount of time has passed (say 50-60 years) there will be serious academic interest in the level of miscalculation that caused this conflict. There may be no undisputed conclusion, similar to who started WW1, but certainly intense interest in it because it has clearly ended the American century and the unipolar era. Personally, I'd be very interested in understanding the logic of Russia's initial intervention in Q1/Q2 of 2022. They clearly miscalculated what they intended as a limited Georgia style action with relatively small forces and were obviously surprised by the absolutely hysterical reaction in the US and Europe, with Europeans banning Russian music, dogs and trees in response.
But that miscalculation was entirely dwarfed by the US/European powers who entirely underestimated Russia's capabilities, and from the start sought to escalate into an existential war with the aim of overthrowing Putin, breaking up the Russian Federation and installing puppet governments. For all the snarky remarks about Russia being a gas station masquerading as a country, with a GDP smaller than South Korea, I was convinced there really was serious intelligence gathering, with unbiased information feeding into rational decision making. Clearly there isn't. Either the intelligence gathering is flawed, or its being cut out of the decision making, or the decision makers just aren't rational. There is literally no other reason why Germany in particular would sleepwalk its way into an existential crisis against the country which supplies it with cheap energy which underpins its entire economic development. Germany could have at any time defused the conflict by saying, as a member of NATO we will never accept Ukraine as a member state. They could have been serious about implementing the Minsk agreements. Instead they destroyed themselves for ideology. Again.
It's very striking how despite all the video footage and livestreamed updates from the battlefields, how poorly misinformed people in the west are with regards to the progress of the war. If you want any reasonable analysis of the conflict, you have to ignore the western mainstream media. If people only consumed the BBC, the Guardian, various US news the defeat of the Ukrainian summer offensive must have been totally shocking. The so-called free media in the west didn't lead to any proper analysis of what was happening or likely to happen. Which leads to more miscalculations.
You have written everything correctly. I just want to complement you on the issue of the quality of American diplomats and advisers. For many years, many countries have noticed that the level of diplomacy, the quality of diplomacy and intelligence in the United States have seriously decreased. And this is really bad. During the Soviet era, excellent Sovietologists and Russian specialists were trained in the USA. They might not like Russia, they might fight against it, but they understood to a certain extent how Russia works, and it was possible to have a dialogue with them. Now there are also specialists who know Russia, who have professionally studied the history of relations between our countries, but it seems that they are not allowed to approach decision-makers.
@@vladimirnikolskiy I think even US commentators accept this generally - the US got complacent in its unchallenged military and economic power during the 1990s, so it neglected diplomatic investment, shipped its economic strength overseas and overextended militarily with foolish wars and a large number of isolated bases in hostile places. It stopped trying to learn about the concerns and intentions of other states, because it seemed irrelevant to them. Because other states were irrelevant.
What is very striking to me is how the US has near total control over Europe's political class now. Back in 2003, the US faced a near revolt from its European satellites regarding the Iraq war. There was European leadership which just 2 years after the 9/11 attacks was willing to stand up to the US and go against them in what was portrayed as a moral crusade. It is unimaginable now for any European politician to publicly disagree with the US - there has clearly been a lot of influence work done over the last 20 years. Germany in particular has been entirely humiliated by the US and cant be taken seriously as an independent state anymore. I guess the message is Russia cant get complacent about indifference or support from Latin American, African or Asian political classes. The US might be surprised by their current indifference, but it would just induce them to do to India what they did to Germany.
About the miscalculation of the initial campaign. It is not completely a miscalculation because it lead to peace talks pretty much right away. I personally believe it was a scare tactic. In any case at that time no one was naive to think the saturation of forces was enough for a full fledged war. Not only that, but significant portion of captured territory was not developed in any way, which means, they were not here to stay.
@JonWilde2105 The Russian miscalcuation was that the West wouldnt miscalculate so hard and escalte things further.
The invasion was supposed to make the West understand that Russia wasnt bluffing and it wont accept the total disregard of its interests,whether security interests,economic interests,ethnic and cultural interests,so many interests,from the West in Ukraine.
The Russians expected either at best case scenaro,regime change or serious/honest negotiations.
Thats why they went with limited forces and with no shock and awe bombing campaigns. Something that the West took as a sign of weakness,foolishly.
Великолепно! Вы почти как этот профессор в анализе.
The main question that can give all the answers is "Why western countries (USA in particular, Mr Clinton to be precise) rejected Putin's proposal for Russia to join NATO in 2000!" Just think about it and the whole picture becomes clear.
The 🇺🇸 totally des.troy.ed European union. I think it was the goal since Newland said-"fq the EU "2014.
Putin never applied for membership.
NATO needs enemy. If Russia joins NATO , for what reason this organisation still exist ?
@@nedialkosimonov3893You can create new enemy. China for example.
Very good analysis. I live in Russia and all of it sounds true.
Gratefulness to Mr John Kenneth Galbraith. Thankfulness.
Very realistic analysis by this Prof front University of Texas , Austin .
I agree that Russia has successfully ( almost 80%) steered their economy out of western influence and chalked out their own growth path .
When a real ecnomist speaks, i listen.
This is quite deep and realistic assessment. I wish we had more people like professor James here in the UK.
All responses to possible sanctions were prepared in advance. The actions of the West were not difficult to predict. I think it suited Russia to abandon those restrictive commitments that were made under Yeltsin. Due to them and with their help, the West prevented Russia from developing. That's the point - either everyone behaves honestly and you can always buy what you don't produce yourself, or you need to produce at home, because you can be blackmailed at any moment.
It is too big and simply too important a commodity producer. It seems to have hit European economies more so far and basically handed over a market from the EU to China which can literally make anything the EU can.
Europe is no match for Asia when it comes to tech. The only things Europeans will have left are fashion and architecture
Thank you so much for your concise, precise, and accurate evaluation of the situation in Russia.
It's becoming more difficult to find academics that are factual, so thank you again.
The Russia - China trade has grown rapidly, from about 100 billion in 2020 to almost $250 billion in 2023. Tell me, who in the mighty West is gonna benefit from that? Russia has resorses = China makes pretty much everything in the world. Good job guys. I see so many Chinese cars everyday i dont even know their names. At the start of this year the first production line was opened to make new cars, "Haval" i believe they called, in Tula oblast.
He basically saying sanctions are for banana boat countries just in Harvard explanation, he is speaking Harvardy.
Moral of the story here: "Do not install an Anti-Russian regime at Russia's border and expect Russia to just ignore the threat"
Dollar vacuum cleaner stopped working in Russia
Вот уж точно.
Imagine the devastation to the economy when Gucci, Louis Vuitton and Land Rover are no longer sold in Russia.
What would Russians do without a Bentley dealership?
And having cheese imported from France is essential for survival.
Businesses do not operate that way....all interconnected......isolation did not work in soviet union, China & other communist states.....Even certain Chinese companies do not want to operate in Russia due to sanctions...
@@Arthur-rl1cj
I suggest you broaden your understanding of economics.
You can have high GDP service economy where all that people do is servicing each other, for example giving each other experience haircuts and massages.
On paper it contributes to GDP, in reality it means nothing.
My point was that sanctions on LUXURY goods were BENEFICIAL to Russia overall, even though some businesses lost some money.
@@Arthur-rl1cj I'm sure, if you dig deep enough, you will find a handful of Chinese companies not interested in Russia. However, the vacuum created by Apple, etc., moving out was quickly filled by Chinese companies. Btw, you know where Apple products are manufactured? China has got us by the short hairs. The only things we can still make here are inferior bombs and single-ply toilet paper.
Те, кто мог позволить себе роскошь, без проблем могут достать её и сейчас через разные источники. Среднему классу стало грустновато, конечно. А простым людям роскошь никогда не нужна была. Да и в целом, мода на эти дорогие побрякушки давно прошла. Никто не плакался.
@@Alec72HDfacts
Interesting and objective analysis. Not much Western economists can deliver such honest and logical information.
In other words: everyone in Europe needs cheap oil&gas. But not everyone in Russia needs a BMW, Iphone and a Luis Vitton bag. And those who still need - can still easily get one from any neighbour country. You can't do that with oil&gas..😏
to summarize: the sanctions had an effect similar to the protectionist actions of the government, but unlike them, being induced from outside did not cause a negative reaction from business and people towards their own government, instead on the contrary: increasing the loyalty of most of the business and population, making it clear that the above-mentioned have friends only on this side of the border, and in first of all, you should rely on them, and not foreign partners, who will stop any interaction with you at the slightest gesture from above. that is, the economy has become more self-sufficient and independent, government support has increased, and all this at the cost of minor one-time losses in the total volume of the economy. So who hurt whom, I wonder...
на обиженых воду возят.
There is a threshold for effectiveness of sanctions. Russia is a big country, with an educated population and access to technology. It had the means to overcome the sanctions. But look at Cuba.
Да Здравствует Россия!!!Да Здравствует Владимир Путин!!!Да здравствует народ России!!!
❤An interesting view and interpretation of the facts of the case.
Lol, he's not interpreting anything. He's simply stating facts.
He basically said what Russian memes said 2 years ago. "Thank you Joe Biden"
Dear Professor: please also make a video about acceleration of de-dollarization by virtually all major economies of Global South as a result of sanctions imposed by the West on Russia. Central banks of many countries are buying more and more gold every year to hedge their bets against weaponization of US dollar. How would that affect the US in the long run?
Dear New Economic Thinking please consider correcting subtitle at 12:17 mark, not “by the Brits” but BRICKS. Brits imposed so many sanctions but BRICKS didn’t put any sanctions on Russia
я из России и жалею, что не могу проголосовать за Медведева. Путин слишком добрый, он вас жалеет, Медведев уже давно устроил бы ковровые бомбардировки. Или мне как простому Росиянину сложно понять его мудрость. Мудрость великого Путина.
Все так громко уходили из России в начале 2022 г., что на сегодняшний день в Москве в Столешниковом переулке по-прежнему все крупные бренды одежды платят за пустующие помещения своих марок😂 можно только представить их стоимость за два года😂
A ha haaaaaa. Viva MOTHER RUSSIA! Queen on this continent against the collective corrupted west!