Russia has 70% of US natural gas consumption, 33% of electric consumption with far less air conditioning and far more public holidays. they have muslim holidays in many republics. I estimate its standard of living is above Western EU.And stop with the stupid comments that Russia has an economy the size of Spain. Their GDP PPP is 4th in the world similar to Japan.
It is just ridiculous on its face to compare both economies. Try comparing electricity consumption or steel production.
It is not related to China. Russia want maximum import substitution, restructure its economy domestically, enhance People interaction with countries exhibiting traditional values (this assumes tourist development in length and breadth of country ).Next year maybe the interest rates will come down in Russia and consumer spending will increase again. But to really increase exports to Russia, China would need to increase imports of natural gas, oil, or whatever.
Putin himself said either follow traditional values or cease to exist. violation of certain traditional values is death if you look at that religion. This Azerbaijan conflict is public example of implementing it. alot of people deported, striped of citizenship, markets closed and some killed. let them come to meeting. Economy and Plane shot down secondary.
Unique Russian figure skater took a desperate step for the sake of the Olympics. And ended up with nothing
16 July 2025 13:00
Official: The ruble dominates trade between Russia and Azerbaijan by 79.8%