Finland economy in fourth year recession after Nokia collapse

[Rajaraja Chola]

The sanctions will be lifted when they'll hand back Crimea.I've seen the predictions in the coming years,the Russian economy will barely reach 2013 levels in 2020.They're in the trash can.

They never shall be given back. And Sanctions wont be around much longer. Maybe 2 to 3 years.

 

[flamer84]

They never shall be given back. And Sanctions wont be around much longer. Maybe 2 to 3 years.

So ? All these wasted years dooms them to underdevelopment.Sanctions will stay as long as Crimea isn't handed back.As i've said,according to predictions,in 2020 the Russian economy will be the size of 2013 Russian economy.They're done for.

 

[Rajaraja Chola]

So ? All these wasted years dooms them to underdevelopment.Sanctions will stay as long as Crimea isn't handed back.As i've said,according to predictions,in 2020 the Russian economy will be the size of 2013 Russian economy.They're done for.

Everybody told the same when India was placed under sanctions after 1998. Within 5 years USA revoked sanctions , and in next ear they had a nuke deal with us. All other sanctions fell off long before USA sanctions.

Russia is too important a nation to be put under sanctions that long. Lets say, if Russia threatens to sell weapons to countries USA consider enemies. They would be forced to negotiating table.
Secondly petrol prices are not expected to be as low as 45$ till 2020. They will rise again, and so will the Russian economy and the sanctions around it. Moreover EU never placed tough sanctions against Russia. Its the Americans who cripped its economy now.

 

[flamer84]

Everybody told the same when India was placed under sanctions after 1998. Within 5 years USA revoked sanctions , and in next ear they had a nuke deal with us. All other sanctions fell off long before USA sanctions.

Russia is too important a nation to be put under sanctions that long. Lets say, if Russia threatens to sell weapons to countries USA consider enemies. They would be forced to negotiating table.
Secondly petrol prices are not expected to be as low as 45$ till 2020. They will rise again, and so will the Russian economy and the sanctions around it. Moreover EU never placed tough sanctions against Russia. Its the Americans who cripped its economy now.

Oil will never rise to 100$ a barrel ever again.Russia missed to reform its economy when it was rich with oil money and that will cost them.Even these lost years mean alot in a race to development.

 

[UKBengali]

Off topic but checking the IMF stats today i saw that Russia's GDP shranked below that of Spain, and ,as of today,Russian nominal GDP per capita is smaller than Romania's to,by over 1,3 k $.

Nominal GDP is not a true reflection of a country like Russia that can manufacture nearly everything and has immense natural resources.