The Russian economy continues to surprise with positive figures. Despite all the rounds of sanctions, the Russian economy is growing at over 3%, inflation is coming down and, as the example of Sberbank shows, the banking system also appears to be extremely robust. Russia's largest lender reports record profits and a record dividend for the past year.
42 sats \ 0 replies \ @kristapsk 26 Apr
Of course numbers go up when you switch to war economy and produce weapons 24x7, same as Nazi Germany. But real development doesn't happen.
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42 sats \ 2 replies \ @firedev 26 Apr
Banks in Russia are far ahead the rest of the world. The software and UX is the best I saw in any country. Fast payment system, next-day card delivery, opening and closing cards and accounts without lifting your butt off the chair etc.
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52 sats \ 0 replies \ @kristapsk 26 Apr
Have been norm in Latvia for decades. Opened my first bank account in 2002, don't event know how it is to not have internet banking (switched my first bank in a few months because they didn't support Linux browsers back then and their support said they don't care) or how to write cheque. And right now attending bank branch physically is something very rare, you even need to schedule time before, as everything happens online.
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0 sats \ 0 replies \ @TomK OP 26 Apr
Really? Interesting
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42 sats \ 0 replies \ @BlokchainB 26 Apr
Oil
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42 sats \ 0 replies \ @Satosora 26 Apr
Not going to lie, I knew this would happen.
They just have their shit under control.
They have resources, and major partners that need their products.
Everyone thought they could just stop using their oil, that lasted all of one day.
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