This is pretty huge. About half of Russia’s crude oil exports go to Europe. Losing 2/3rds of that market is a big hit to one of their staples.
@dave
Not really.
Russia is a self-sustaining coutry, so not being able to trade is not a real issue, unless it stays disconnected for at least a decade. (I would guess)
Russia is a self-sustaining coutry, so not being able to trade is not a real issue
Russia losing the ability to trade is doing massive damage to their GDP, and tons of Russians were employed by multi-national corps that have now pulled out of Russia. I can’t recall specific unemployment figures but I believe they were expecting something like a 20% YoY GDP shrink because of the sanctions and multi-nationals pulling out.
And it’s going to get worse because the end goal is to stop importing russian oil or gas entirely. The contraction is going to be painful.
You think China is going to stop buying Russian oil? I hope the Euros freeze and starve this winter, that will really hurt Putin.
>I LOVE BEING A SERVICE ECONOMY THAT OUTSOURCED ALL MANUFACTURING AND BEING A VASSAL CLIENT STATE
Euro fedi people have my thoughts amd prayers 😭
@Telvannichad @dave @rdr
Thanks.
Your prayer will heat my hearth for an entire hour.
This is fucked.
@Telvannichad @rdr nicotine pouches? is that like chewing tobacco but in a pouch?
@rdr @Telvannichad better than vape how?
@rdr @Telvannichad literally, there’s nothing wrong with vaping outside of a subset of people that do it.
