In Moscow we laugh at sanctions.  But prices are swinging and the real economy seems to be in order -
From Marco Amarisio

Contrary to the official Kremlin narrative, which says that Western sanctions are not harming the Russian economy, indications of the opposite multiply: from crazy prices to broken elevators.

Smile, people, smile. agreeat this point Dmitriy Medvedev It’s no longer a text. But if his morning messages exaggerated the Kremlin’s positions with excessive zeal, the former Russian president’s hypothesis that the laughter of burying the sanctions decided by his grandfather Joe is instead in line with what Prime Minister Mikhail Mishustin said yesterday at the opening of the St. Petersburg Economic Forum that represented until last year The great international fair of the country. We are showing that we have the resources to continue our development, ignoring all attempts to stop us, to stop us, to bring us back. The pressure of our enemies does not produce any negative consequences.

All is well, this is the password. Last week, some bank employees were trapped in the elevator of a Moscow city skyscraper for hours. Yesterday, the state media wrote that Because of the sanctions Missing spare parts for high speed elevator repair. And since it breaks so often, only the stairs are left. They are little episodes that reveal A case beyond the official version. Since economics remains a tab, it is the only topic in which the authorities intervene almost directly to correct any different opinion that emerges within the system.. some examples. At the beginning of June during a hearing in the State Duma, Transport Minister Vitaly Savelyev Let’s admit that sanctions have practically destroyed our logistics system. The next day, he returned to the topic saying that he had expressed himself poorly. Senator of United Russia Andrei KlishasThe author of the amendment to the constitution that allows Putin to be reappointed for life, said in an interview that the plan to replace imports completely failed. Immediately denied the Kremlin spokesman Dmitry Peskov.

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This year’s forum is more political than economic. It proves to ourselves that we are not isolated. Instead, Sergei Tsypelev, a professor of economics at Saint Petersburg University, sees the Russian winter going on for years. Europe is on the move To give up our oil and gas
. To be sure, India and China cannot afford the same amount we have supplied elsewhere. The penalties are the anaconda slowly squeezing and suffocating. No country can develop when isolated, let alone modernize, also because our progress has always depended on the import of Western technologies. If we think we can take care of import substitution ourselves, we are making a huge mistake. No one in the world has succeeded yet.

The few independent experts still on the streets agree with equally rare rumors on the part of the fugitive Russian establishment. Penalties are in effect. And starting next year, the consequences will become more and more apparent. In 2023, Revenues that will reach the Russian treasury will decrease by at least a quarter After the latest package of measures related to the oil trade, Mikhail Krutykhin, co-founder and chief analyst of RusEnergy, an energy consulting agency, supports. In Russia, refineries may begin to close, because Europe will no longer need the previous amounts of oil. Mining companies will have to cut back their production, which could fall by 30 percent this year. From the outside, the central bank’s efforts to keep the ruble high above all limits give the impression of solidity.

Everyday life is something else. Yevsej Gurvich, a member of the Public Council of the Ministry of Finance, expects a sharp decline in income and purchasing power in the near future. The Rosstat Statistics Committee stated that in recent months, prices for food and personal hygiene products increased by only 11.8 percent. But like the Telegram channel Mozhem Obyasnit, which collects testimonies from all over the country, documents a lot of photos and receipts, again there is an alternative truth to the official truth.. available In supermarkets The cost of shampoo, deodorant, razors, diapers, and detergent, he says, is up 30 percent. Traditional Dijon five liters of mineral water 42%, smoked salami 50%. To buy a kilo of potatoes, the staple commodity par excellence, you need five times the ruble compared to last February 24. With penalties, there’s not much to laugh about.

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Jun 16, 2022 (change on Jun 16, 2022 | 8:13)


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