Russia Economy Thread

[manqiangrexue]

Russia’s GDP to grow 0.9% in 2025, down from 1.4% in its June forecast, 0.8% in 2026 and 1% in 2027. It also projects a 0.4% decline in investment this year and a further 0.2% fall next year before modest recovery in 2027.

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At the beginning, we thought Russia wasn't economically healthy enough to extend a war and that the EU/US would crush it with sanctions if it could not win quickly but boy were we wrong. Russia 0.9% while putting the Europoors into 0.1-0/2%? Damn, that's brilliant!

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Growth fades in Europe: Is the recovery already running out of steam?​

"According to Eurostat’s second estimate released on Thursday, seasonally adjusted GDP in the euro area rose by just 0.1% in the three months to June, unchanged from the initial flash reading. The wider European Union (EU) grew by 0.2%, also in line with earlier estimates."

 

[gelgoog]

"Russia: Fuel crisis has spread to southern Khabarovsk region, adjacent to Japan." (Well, actually China)

This is nothing new. The Southwest and Far East of Russia are growing faster than originally projected.
The first case is due to people moving to places like Sochi and the annexation of territories in Ukraine. The second case is because of growing importance of trade with China, businesses are being created on the Russian side of the border and people are moving there.
This has led to energy and fuel shortages in those places.

The Far East, where Khabarovsk is, has insuficient refining capacity. As simple as that. There have been no Ukrainian strikes there so it is pretty silly to claim this as evidence of Ukrainian success in degrading Russian fuel refining capacity.