- Continued oil and gas exports as well as a propped-up ruble, have allowed Moscow to weather Western sanctions.
- JPM has backtracked on its earlier forecasts of a 35% contraction in Russian GDP in the second quarter.
- The lion's share of Russian raw materials is traded via Switzerland and its nearly 1,000 commodity firms.
Swiss commodity traders are enabling Russia's sales of its resources. This is a huge contribution to Swill GDP so the Swiss are in no rush to give it up, knowing that nature abhors a vacuum so someone else will step in and take the business.
The Swiss Connection: How Russia Is Weathering Tough Sanctions
Alex Kimani
7 comments:
No worries about Switzerland joining NATO.
"since export revenues are funding Moscow's purchase of weapons and missiles."
Do any commentators writing this stuff ever stop for a second and ask *how* export revenues are funding Moscow's purchase of weapons and missiles.
There has to be a mental block where they think FX creates the roubles out of thin air.
It's crazy Neil
Brains of Britain is helping to spread the propaganda.
https://m.youtube.com/watch?v=MB-eYj3Eh2M&t=1s
Who is manufacturing weapons and missiles, and who is purchasing them?
Shooting fish in a barrel continues non stop
https://t.me/s/intelslava
https://www.bitchute.com/channel/nnwlaOOuDM1W/
“ "since export revenues are funding Moscow's purchase” = “money is real”
https://en.wikipedia.org/wiki/Reification_(fallacy)
There has to be a mental block where they think FX creates the roubles out of thin air.
That's quite true. They do actually think that. One of the gang of eight recount, in their archives, a conversation with some finance minister (Scandinavian, Baltic, I don't remember) who insisted that that was the only way for countries to create their own currency and thought disagreement with this preposterous ideas was preposterous.
Try as hard as you might, you cannot get more cynical than reality. :-)
:-(
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