This thread is permanently archived
Russia MELTDOWN: Millions now out of work as Pitler desperately scrambles to cover up chaos
| IMF forecasts unemployment in the Russian Federation (RF) to reach 9.3 percent in 2022, which would equal around 3.8 million of additional unemployed persons.
“According to estimates of the Russian Center for Strategic Research, by the end of 2022 there will be a significant increase in unemployment in 63 percent of regions in Russia, in 16 regions unemployment will increase relative to the average level for Jan-Mar 2022 by 2 or more times, in 53 regions - 1.5 times or more.
| The top five industries impacted by the number of expected jobs cut include – transport and logistics, automotive, wholesale and e-commerce, timber industry and wood products.
The think tank’s report also suggests Pitler is well aware of the perilous situation his country is now in economically and is taking steps to prevent it from becoming common knowledge.
The authors explain: “The Russian banking sector is becoming increasingly non-transparent.
| In April 22, Russian banks were allowed not to disclose interim and annual financial statements, until September 22.
On May 1, Pitler signed a law, forbidding banks to share banking details with other countries.”
On July 14, Pitler signed a law, permitting his government to hide information regarding the value and structure of international reserves.
| Overall Russia was pulling the plug on public spending programmes totalling 1.6 trillion rubles (more than £21.5billion) between 2023-2025, the report suggested.
Its purpose is to form a new legal entity with assets frozen as a result of sanctions.
Which means RF authorities are indeed frightened of further reserves and asset freezes and are trying somehow to protect remaining reserves.
| At the same time, there was mounting evidence of a run on the banks, with the stock of deposits of individuals in the Russian bank system decreasing by 1.3 trillion rubles (almost £18billion) or 3.8 percent in the first half of this year and as of June equalled 32.9 trillion rubles (£450billion).
At the same time, the stock of loans provided to Russian citizens remained almost unchanged at roughly 25.5 trillion rubles (£350billion).
| The Russian public started withdrawing money from bank accounts to hold as cash.“The stock of deposits attracted from legal entities grew until March 22, then dropped by almost four trillion rubles (£5.5billion) or 9.7 percent and as of Jun 22 equalled 36.7 trillion rubles (£500billion).
At the same time, the credit activity of legal entities in Russia shows similar weakening – since February 22 the stock dropped to 50.1 trillion rubles (£690billion) or by 9.5 percent.”
| disregard, op is a fake news spammer
https://mediabiasfactcheck.com/daily-express/
| With current sanctions, and with current prices the Russian economy is moving to crisis in 2024.
If oil prices go down, or if the EU introduces price caps for gas, or either side decides to cut Russian gas in Europe beyond the current cut of 43 percent then this effect will materialise next year.
| The Russian people and businesses are already facing decline in consumption with a 22 percent drop of imports, including important household appliances for people and critical technologies for production.
A 19-25 percent drop in fixed investments is detrimental for economic growth. And so all of Pitler’s policies of import substitution and manual control of banking sector are the all going against the basic rules of economics.
| >>d87ed0 go on, post the source
i looked up the headline, i know you're pasting from the express, and you've already posted it so no amount of frantic searching for new sources will help you
or are you just going to leave your thread hanging?
| https://www.dailymail.co.uk/news/article-11099249/Western-sanctions-wreaking-havoc-Russias-economy-Kyiv-think-tank-says.html
https://www.pravda.com.ua/eng/news/2022/08/10/7362712/
https://www.marketwatch.com/story/far-from-putins-claims-of-resilience-russian-economy-is-being-hammered-by-sanctions-and-exodus-of-international-companies-yale-report-finds-11659377317
| Lol, ukrainian propagandist just get paid.
| this is the ACTUAL article op pasted here:
https://www.express.co.uk/news/world/1653264/russia-economy-ukraine-war-update-vladimir-pitler-economic-financial-crash-unemployment
but when express being a bullshit source was pointed out to him, he brought in sources that don't match the headline nor the content >>888344
that's /new/ quality for you
| Things are not looking good for the russian people in the near future. My heart goes out to each and every one of you.
>>888350
Dude, take a break and relax. Go for a walk or something.
| >>ab8b47
Wow... Your replies in these threads REEKS of desperation... If there's one thing that everyone finds unattractive it's when a person tries too hard.
| >>888360
That was my second post ITT. This one is firts:>>888347
So answer this question: why you are fighting in the internet and not in Ukraine?
| >>888371
You're the only one fighting on the Internet though? OP is just posting news so please stay on topic.
| >>888374
Well, nevermind, OP was already paid for posting this fake news. So there is no point in discuss.
| >>888376
Does that mean you'll refrain from posting in these threads in the future now that you *know* how fake they must be?
| >>888376
>paid to post fake news on an obscure anime textboard
This is coming full circle. I remember when the invasion started people were saying state funded Russian bots were posting here lol. Maybe everyone here is a government official just trying to fling the same shit back at each other.
| go go pakistan
| >>888422
Russian bots are posting here. Period. They're making a constant mess on /a/ and needs to be cleaned up weekly.
After the sanctions hit they were suprisingly quiet for a few weeks before they started popping up again.
This thread is permanently archived
| VLADIMIR PUTIN is frantically trying to conceal the true impact of sanctions on the Russian economy from his own people, with almost four million having lost their jobs since the start of his war on Ukraine.
The Russian economy contracted by almost five percent last quarter compared with the previous year, with Russian oil revenues plummeting by 40 percent. Key sectors including e-commerce and the timber industry have been particularly badly hit.