Connect with us

World

That is why even a Russian victory in the Ukraine war could be Putin's downfall

Published

on

That is why even a Russian victory in the Ukraine war could be Putin's downfall
  1. Homepage
  2. a job

He presses

Putin's „main driver” of the Russian economy is the war in Ukraine. The damage caused by the “war economy” is growing – and is already leaving its mark.

Moscow – Russia is doomed to eternal war due to the economic situation. Vladimir Putin's government will not be able to withstand economic pressure for long. Economists say the Russian economy is now so dependent on the war in Ukraine that Putin cannot afford to win or lose the war.

Putin's economy is doomed to eternal war against Ukraine

A look at the latest economic data shows: After declining in 2022, Russia's GDP is expected to rise by 3.6 percent in 2023. Russia's State Statistics Office published figures on this in mid-February.

But good numbers are deceptive and are seen as an attempt by Putin to cover up the problems plaguing the Russian economy. Russia's economic growth during the Ukraine war was mainly due to higher government spending. “Military salaries, ammunition, tanks, aircraft, and compensation for dead and wounded soldiers all contribute to the GDP figures. “Simply put: the war against Ukraine is now the main driver of Russian economic growth,” explains economist Renaud Foccart in an opinion piece for Conversation.

Even victory could cost Putin dearly in the Ukraine war. (Archive photo) © Evgenia Novozinina/DPA

British economist Roger Bootle argues similarly with Foccart in an article by Telegraph. Additional spending resulting from the war could give a boost to the economy. This is what happened in Germany in the 1930s. Military production also increased dramatically in the United States. But this kind of gain is doomed to failure in the long run.

READ  Ursula von der Leyen has to go through the exit for regular passengers in China

The Russian economy is growing thanks to military spending, but other areas are suffering

Meanwhile, other areas of the Russian economy are suffering from the ongoing war: Russia faces major challenges due to stubborn inflation and a shortage of skilled workers. The inflation rate rises to 7.4%, which is nearly double the central bank's target of 4%. At the same time, direct investment in the country is high Interested in trade It collapsed and declined, according to the Russian Central Bank, by $8.7 billion (about eight billion euros) in the first three quarters of 2023.

It is clear that the labor shortage will not improve in 2024 either. Only in 2022 and 2023 did the labor shortage in Russia increase sharply. Like the Russian newspaper Izvestia The Institute of Economics of the Russian Academy of Sciences says 4.8 million people are currently missing. Development is likely to continue until 2024. According to the author of the study, Nikolai Atchapkin, drivers and shop workers are in particular demand.

Putin's losses – Russia has to rely on help from allies, but they don't want to

Added to this are troop losses, which according to Potel are estimated at more than 350,000 Russian dead and wounded. War-related migration is unofficially estimated at more than one million people. This corresponds to a total of about one percent of the Russian population.

Economic crises push Putin to request more and more assistance from third countries and allies. But Western sanctions also caused unrest among them. Putin's allies, who are loyal trading partners, want to stop their deals. Chinese banks want to end dealing with Russian clients Banks in the UAE are also turning their backs on Putin for fear of sanctions.

READ  Epstein suicide: US Department of Justice raises allegations against imprisonment

Putin will probably never win the war against Ukraine

Despite the economic situation, Putin wants to plan record military spending for 2024. This should constitute six percent of GDP. But the question that arises is: How long will Putin remain in power? The economy can continue until it collapses. Even if Russia wins the war, Putin likely cannot afford the costs of reconstruction. “The expected costs of rebuilding the occupied territories are already enormous,” Fokar says. So it may take a long time before the Russian economy recovers – if it ever does. (Buhi)

Continue Reading
Click to comment

Leave a Reply

Twój adres e-mail nie zostanie opublikowany. Wymagane pola są oznaczone *

World

Great Britain: Sunak wants to deport people „without conditions or reservations.”

Published

on

Great Britain: Sunak wants to deport people „without conditions or reservations.”

As of: April 22, 2024 at 2:29 p.m

Despite the temporary injunction, Supreme Court decision and harsh criticism: British Prime Minister Sunak wants to adhere to the controversial deportation agreement with Rwanda in all circumstances.

British Prime Minister Rishi Sunak wants to ignore orders from the European Court of Human Rights regarding his asylum deal with Rwanda. This was stated by the conservative politician at a press conference in London shortly before the start of new discussions in Parliament on his deportation law. Sunak said that he does not believe that his country is contravening international law.

The asylum agreement with Rwanda stipulates that migrants who have arrived illegally should not be given the opportunity to apply for asylum in Great Britain. Instead, regardless of their origin, they should be brought to Rwanda and apply for asylum there. There are no plans to return to Great Britain. The British House of Commons approved the law in mid-January.

The first plane is scheduled to take off within twelve weeks

According to the government, the regulation aims to prevent people from making dangerous journeys across the English Channel in small boats. “Once the law is passed, we will begin the process of deporting those scheduled on the first flight,” Sunak said. The first plane is expected to take off within ten to twelve weeks.

The government had previously announced the first departure for the spring semester. Sunak said commercial charter flights had been booked for deportations. In addition, hundreds of clerks and judges were selected to handle potential lawsuits.

READ  Kim Jong Un publicly threatens war: “The situation is dangerous”

They met until the law was passed

The only flight that was supposed to take off to Rwanda was stopped at the last minute in June 2022 by an injunction from the European Court of Human Rights. A year later, Great Britain's highest court declared the asylum agreement illegal.

The deportation law now aims to overturn this ruling. The draft law is currently pending between the House of Representatives and the Senate, as most of them have reservations about it. However, Sunak instructed his party's MPs in both houses to sit on Monday for it to be passed. He ruled out making any concessions. “There is no answer or question, these flights will take off to Rwanda,” the Prime Minister said.

Criticism from almost all sides

The opposition, as well as human rights activists, strongly criticize the project. But the deal is also controversial among Sunak's Conservatives. Hardliners within the Prime Minister's Conservative Party say the government's bill does not go far enough – and the Conservative Liberals, in turn, fear that Great Britain will violate international law.

Continue Reading

World

According to Russia, the United States faces humiliation in Ukraine

Published

on

According to Russia, the United States faces humiliation in Ukraine
  1. Homepage
  2. Policy

He presses

The United States decided to provide billions more in aid to Ukraine. Russia warns of an exhausting war, such as what happened in Vietnam or Afghanistan.

Moscow – The US House of Representatives approved on Sunday a billion-dollar aid package for Ukraine after months of deadlock in the House of Representatives: Washington is investing an additional $60.84 billion against Vladimir Putin. Moscow's leadership responded to the decision with a warning.

Russian Foreign Ministry spokeswoman Maria Zakharova said loudly that Washington would start a hybrid war against Moscow that would end in humiliation similar to the conflict in Vietnam or Afghanistan. Reuters. Above all, Washington's money would keep the United States embroiled in an exhausting, protracted conflict with losses for both sides.

Foreign Ministry spokeswoman Maria Sakharova with Russian Foreign Minister Sergei Lavrov. © Imago/Russian Foreign Ministry

The United States does not want to send armed forces, but Russia warns against escalation

Zakharova also said that Russia would provide an “unconditional and decisive response” if the United States becomes more involved in the Ukraine war than before. Even if the United States once again rules out sending its or NATO forces to Ukraine. The United States clearly wanted to fight Ukraine “to the last Ukrainian” – including launching attacks on Russian territory and civilians.

CIA Director William Burns warned last week that Ukraine may lose on the battlefield without more American military support, but with this support, Ukrainian forces can survive this year.

Relations between the United States and Russia are worse than they have been since the Cuban Missile Crisis in 1962

According to Russian and American diplomats Reuters A large-scale invasion of Ukraine in 2022 sparked the worst conflict in relations between Russia and the West since the 1962 Cuban missile crisis.

READ  USA: Baltimore Bridge collapses after ship collision

In any case, the United States wants to prevent scenarios like those that occurred in the Vietnam War between 1955 and 1975. They lost more than 58 thousand soldiers and killed hundreds of thousands of civilians. The exhausting war ended with the victory of communist North Vietnam and the capture of the South. (M)

Continue Reading

World

Ukraine destroys Putin's factory – the factory is located 1,300 kilometers across the border

Published

on

Ukraine destroys Putin's factory – the factory is located 1,300 kilometers across the border
  1. Homepage
  2. Policy

He presses

During the Ukraine war, drones repeatedly penetrated deep into Putin's territory and caused massive damage. An aircraft factory has recently been targeted.

MOSCOW – Although Kiev has to rely primarily on the defensive side of the front in the Ukrainian war, long-range drones can frequently penetrate deep into Russian territory. Now it seems that another strike has been achieved – and this one has achieved everything. On Wednesday (April 17), Ukrainian drones appear to have struck a fighter jet factory in the Tatarstan region.

The Gorbunov Aircraft Factory produces the important Russian Tu-22M and Tu-160M ​​bombers, which have been repeatedly used against Ukrainian cities and sites since the beginning of the Russian invasion. The military factory is located 1,300 kilometers from the Ukrainian border – deep in the heart Russia. That is why such an attack is doubly painful for the Russians. Drone attacks bring the conflict to the aggressor's country and also make it clear to the people of Russia: the Tsarist Empire is at war.

Various drones at a Ukrainian defense industry event. © imago/bahmutbuffalo/ukrinform/abaca

The Russian Ministry of Defense denies the attack: no damage was caused to Putin's factories

The Ukrainian army is still assessing the extent of the damage caused Kyiv Post mentioned. Meanwhile, the Russian Ministry of Defense denied that the factory was damaged, only reporting that two drones had been successfully shot down over the Tatarstan and Mordovia regions. Russian news agency TASS He announced that the terrorist drone attack on factories located on Russian territory had been repelled. The head of the Mordovia region thanked the “defenders of the sky for their work.”

READ  Kim Jong Un publicly threatens war: “The situation is dangerous”

Ukraine relies on attacks against Russia's oil industries and wars

It was another Kyiv On April 2, the Shahed drone factory in the Tatarstan region was hit. A video recording showed a converted Cessna plane colliding with the factory buildings and exploding spectacularly, turning into a ball of flame. In addition to the Russian military industry, the Ukrainians have also repeatedly targeted oil depots and refineries in order to stop Vladimir Putin's oil exports.

These attacks hit Putin twice. On the one hand, the Russian autocrat had to impose an export ban, and on the other hand, precious oil was also necessary for the war. Fuel keeps tanks and machinery running, and without continuous production, the Russian army would stand still.

A Ukrainian intelligence source said Kyiv Post With: “We continue to work systematically to ensure that Russia has fewer and fewer options to continue its aggressive war against Ukraine An attempt is being made to stop the flow of Putin's „petrodollars” into Russia's war treasury. (sicher)

Continue Reading

Trending