"Latest reports I've read Russia is down to 140 million people. With the exception of nuclear weapons, they are a declining power, as evidence by the dysfunctional invasion of Ukraine. Like most dictatorial regimes, they appear to not care a hoot for the soldiers they toss into the battlefield, nor the civilians who are indiscriminately killed by their outdated bombing methods."
They have an economy the size of NYS:
NYS GDP Reached Nearly $1.5 Trillion
In 2019: New York State's real GDP was nearly $1.5 trillion, 7.7 percent of the U.S. total. On a per capita basis, New York State's GDP was 29.3 percent higher than the national average.
Russia/Gross domestic product
1.483 trillion USD (2020)
There is absolutely no reason that the EU and US cannot crush them economically if we stick together.
I saw a video of a guy walking into Russia's largest mall the other day, he said it's already half empty:
youtube.com
And I have seen shoppers fighting over sugar and other goods.
I got a chuckle over a post from one of the people you interact with here. He said Putin stated 'Russia does not steal'.
"Good discussion of Putin’s speech. It’s a call to separate from the West. Says, Russia will not confiscate the businesses that left the country due to sanctions — because “we do not believe in stealing”. This speech will likely have consequences. Very anti-globalist. (So - from this day on - to say something against Schwab and company will be interpreted as repeating Putin’s talking points. You read this here first)."
Perhaps that poster conveniently 'forgot' or was not aware of the small matter of 10 billion in Boeing and Airbus jets leased to Russia that will no longer have access to parts and service. Putin 'borrowing them'?
I guess Putin doesn't want what will be left of his business community to have to take a bus from Moscow to Vladivostok.
Putin allows Russian airlines to fly $10 billion worth of foreign-owned planes domestically
PUBLISHED MON, MAR 14 20224:46 PM EDTUPDATED MON, MAR 14 20225:57 PM EDT
More than 500 planes worth about $10 billion that are placed with Russian airlines are owned by foreign companies.Aircraft lessors are facing a March 28 deadline to repossess aircraft.A host of sanctions in response to President Putin’s Ukraine invasion have prevented foreign lessors from repossessing aircraft.
Aeroflot Russian Airlines civil jet aircraft produced by Airbus at Moscow-Sheremetyevo International Airport.
Leonid Faerberg | Lightrocket | Getty Images
Foreign aircraft lessors seeking to recover some $10 billion worth of planes from Russia were dealt a new blow Monday when President Vladimir Putin signed a law clearing the country’s airlines to fly the planes domestically.
Sanctions and reciprocal airspace closures in response to Russia’s invasion of Ukraine last month have cut off the country’s air travel market. Boeing and Airbus have said they will no longer supply parts to its airlines. That could force carriers to cannibalize other jets for parts.
There are some 728 Western-built aircraft in the country’s airlines’ fleets, 515 of them leased by foreign lessors, according to Jefferies. Under European Union sanctions, aircraft lessors — some of which are based in EU member Ireland — have until March 28 to recover the planes.
Under the new rules set Monday, the Kremlin will allow the country to provide airworthiness certificates to the planes and register them in Russia, according to state news agency Tass. The law was in the works last week.
WATCH NOW
VIDEO00:40
President Biden to announce U.S. is closing airspace to Russian planes
“There’s an occasional nightmare but the idea of an entire aviation market being taken offline and flouting international laws, that’s new,” said Richard Aboulafia, managing director of aviation consulting firm AeroDynamic Advisory.
Aeroflot and S7, two of Russia’s biggest airlines, last week stopped flying internationally. Flights abroad could risk lessors moving to repossess the planes. |
