SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Broken_Clock who wrote (1363954)6/24/2022 3:47:53 PM
From: Tenchusatsu  Read Replies (1) | Respond to of 1575761
 
BC,
Russia is rapidly expanding to sell it's products elsewhere and is doing just fine.
They're selling at a deep discount, which is the only reason why countries like India would want to buy from them in defiance of the West (and Western-allied nations in Asia).

Of course, with oil prices as high as they are, even a deep discount is pretty good for RuZZia.

It can't last, though. High oil prices have proven to be unsustainable. This has been proven time and time again. In the case of today, a global recession is all but inevitable. That ought to cause oil prices to fall. (Maybe there's a reason why Saudi Arabia and other members of OPEC are reluctant to increase production.)

In the big picture, it is unclear whether RuZZia is doing "just fine." PooTin is far from his wet dream of recreating the former Soviet Union. The RuZZian GDP is likely going to tank 10%. Foreign investment dried up, and China isn't going to make up for it no matter what Cyber Force Z claims.

Tenchusatsu