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Monday, August 14, 2023

MMT Verify: is there pressure on the Russian Economy? — NeilW

Only Western reporters can answer how an increase in revenue is a ‘decline’ or a ‘weakening’, especially when export volumes are steady.

Seriously, do the maths.
New Wayland

1 comment:

  1. “ According to the International Energy Agency, Russian export revenues were $15.3 billion in July, $4.1 bn lower than in July 2022.”

    “ export volumes are steady.”

    Yo, less $ per unit of measure means the ruble goes DOWN…, The exchange rate reflects the current terms of trade…

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