Russia's economy is not doing well - there is a lot of people repeating russian propaganda (probably unknowingly) on the internet. However you shouldn't take Russian stats at face value:
- The ruble is high as you can't trade it.
- The Russian stock market stopped crashing as people can't sell their stocks.
- Russian gas can't be sold to Asia easily as it's not liquefied and there's not the infrastructure to deliver it.
- Russian oil is being sold to Asia, with a $35 a barrel discount as China and India make the most of Russia's position of weakness. With how inefficient their industry is and the long shipping times this isn't lucrative.
- Large amount of their reserves have been spent. Half of reserves they're locked out of and will possibly be given to Ukraine.
- they can't import high tech microchips leaving them decades behind on tech, yes they're getting some via other black market means but not at scale.
- Before this Russia already faced big demographic problems, this has only worsened with a huge brain drain following the war.
I felt it needed to be said as people saying Russia is doing well and the sanctions are only harming other countries is doing the Kremlin's job for them.
German state video, but a hell of a lot more balanced than Russia state media:
- The ruble is high as you can't trade it.
- The Russian stock market stopped crashing as people can't sell their stocks.
- Russian gas can't be sold to Asia easily as it's not liquefied and there's not the infrastructure to deliver it.
- Russian oil is being sold to Asia, with a $35 a barrel discount as China and India make the most of Russia's position of weakness. With how inefficient their industry is and the long shipping times this isn't lucrative.
- Large amount of their reserves have been spent. Half of reserves they're locked out of and will possibly be given to Ukraine.
- they can't import high tech microchips leaving them decades behind on tech, yes they're getting some via other black market means but not at scale.
- Before this Russia already faced big demographic problems, this has only worsened with a huge brain drain following the war.
I felt it needed to be said as people saying Russia is doing well and the sanctions are only harming other countries is doing the Kremlin's job for them.
German state video, but a hell of a lot more balanced than Russia state media: