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42 sats \ 11 replies \ @TomK OP 15 Jun \ parent \ on: Russian Economy Booms Amid Eurozone Recession econ
What I read is that they have increased spending but not significantly more than the EU and less than Papa Joe is pumping out in relation to GDP.
That's quite interesting. I guess Russia has always maintained a fairly large military capacity, so maybe they didn't need to ramp it up like other nations tend to.
I see they had about a year of contraction, before this growth. That makes me wonder if it's their economy reorienting to being cutoff from the West. There must be a bunch of service industry that had to be developed domestically, but first their sectors that were connected to Europe had to contract.
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Have you read anything about regional growth differences? It would be really interesting to see if the Asian parts of Russia are outgrowing the European parts.
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I've always wondered how Russia has managed to hold on to Kaliningrad.
Are they isolated or is it easy to travel in and out?
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Why didn't it become independent or part of a neighboring country when the Soviet Union dissolved?
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Some insiders tell the story that to fight sanctions and price growth all tariffs and limits on import were canceled. This is why sometimes life actually became cheaper in Russian Federation.
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That's quite interesting.
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