Ukraine - Russia Conflict
- Thread starter randomradio
- Start date
GDP and hard cash are not the same.
Your analysis is wrong. Russia is already in deficit, more war spending means less for R&D and less for schools and hospitals, and/or increased debt, which then means increased interest payments, which means less for budget ultimately. Your analysis is why the UK's Labour Party struggle to get in.
IMF expects Russia to grow this year.
It does, your own links state this.
Surge in Russia's defence and security spending means cuts for schools and hospitals in 2023
Russia plans to spend nearly a third of next year's budget on defence and domestic security while slashing funding for schools, hospitals and roads as it diverts cash to support its military campaign in Ukraine.www.reuters.com
Lol.
All that can be argued against any large country.
Anyway, you haven't yet catered to all the costs:
Europe's spend on energy crisis nears 800 billion euros
European countries' bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their spending to tackle the energy crisis.
European Union countries have now earmarked or allocated 681 billion euros in energy crisis speding, while Britain allocated 103 billion euros and Norway 8.1 billon euros since September 2021, according to the analysis by think-tank Bruegel.
Germany topped the spending chart, allocating nearly 270 billion euros - a sum that eclipsed all other countries. Britain, Italy and France were the next highest, although each spent less than 150 billion euros.
Update on euro area fiscal policy responses to the energy crisis and high inflation
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
So expect another 800B to disappear in the form of subsidies, followed by 200B next year. The cost of this war to Europe is already $2T.
Furthermore, NATO's combined defence budget is $1.3T. Expect increases over the next decade to eat away a large chunk of money too.
Of course, these costs will continue accruing. Furthermore, China and India are benefitting from cheaper energy supplies from Russia, which will eventually translate into greater long term competition from both countries due to cheaper input costs. Then there are costs associated with US introducing more protectionism.
Another wally remark. GDP is where hard cash is taxed from.
Not so far.
Russia GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Russia expanded 4 percent in the second quarter of 2024 over the same quarter of the previous year. This page provides the latest reported value for - Russia GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and...
tradingeconomics.com
Yep, LOL.
Except most other countries don't imprison people for 25 years, just for criticism, as make people have accidents.
Or arrest people for brandishing balloons.
Allocated != Used. Most of the last allocation wasn't used because gas usage shrunk. Many people deliberately used less.Anyway, you haven't yet catered to all the costs:
European countries' bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros,Europe's spend on energy crisis nears 800 billion euros
European countries' bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their spending to tackle the energy crisis.
European Union countries have now earmarked or allocated 681 billion euros in energy crisis speding, while Britain allocated 103 billion euros and Norway 8.1 billon euros since September 2021, according to the analysis by think-tank Bruegel.
Germany topped the spending chart, allocating nearly 270 billion euros - a sum that eclipsed all other countries. Britain, Italy and France were the next highest, although each spent less than 150 billion euros.
This fiscal support is estimated to amount to around 1.8% of euro area GDP in 2023 (down from 1.9% in 2022) and to drop steeply to 0.5% of GDP in 2024. Prior to Russia’s invasion of Ukraine, euro area energy support was relatively limited and confined to a few countries.Update on euro area fiscal policy responses to the energy crisis and high inflation
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.www.ecb.europa.eu
So expect another 800B to disappear in the form of subsidies, followed by 200B next year. The cost of this war to Europe is already $2T.
Most NATO countries have been spending a trivial amount of defence until now, so there's plenty of scope for increases.
Oil prices are not really high now, they've been far higher historically, and we're moving away from oil anyway. No one in the West is struggling as much as Russia however much you'd like it to be true.
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Why did governments spend €900bn on fossil fuel subsidies in 2022?
The International Energy Agency has urged world leaders to spend money on clean energy solutions rather than fossil fuel subsidies.
www.euronews.com
According to a new report by the International Energy Agency (IEA), the eye-watering sum is more than double the 2021 total.
So a trillion bucks already spent, even after "gas usage has shrunk" and "many people have deliberately used less". So many good ideas in one post.
Come to think of it, €900B would have given the EU at least 800GW of renewable energy.
They don't think it's trivial. Of course, you can get more money by taxing the GDP a bit more. Must be a good idea.
How much will the EU subsidise its economy after the war is over? But I'm sure you have the solution, you will pay more taxes. Problemo solved.
Errrmm... simple fact.
So, half that was spent in 2021, the increase is only $450bn across entire EU, which is a $20tr economy. So just over 2%, whoopdeedoo.
Governments spent more than €900 billion on fossil fuel subsidies in 2022, the highest figure ever recorded.Why did governments spend €900bn on fossil fuel subsidies in 2022?
The International Energy Agency has urged world leaders to spend money on clean energy solutions rather than fossil fuel subsidies.
According to a new report by the International Energy Agency (IEA), the eye-watering sum is more than double the 2021 total.
So a trillion bucks already spent, even after "gas usage has shrunk" and "many people have deliberately used less". So many good ideas in one post.
Come to think of it, €900B would have given the EU at least 800GW of renewable energy.
Simple fact. Whereas in Russia people are having pay withheld and in the defence industry they're working 110 hour weeks, some hours unpaid and Russia is spending 8% of GDP on defence.
How would it be more problematic after the war is over? It will be less problematic.
What's going to happen when Russia stops selling India oil after China invades you? You've made the EU mistake, but you aren't rich enough to deal with consequences.
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Russia says it thwarted major Ukrainian offensive, Kyiv says Moscow spreads lies
It was unclear whether the reported attack represented the formal start of a Ukrainian counteroffensive to recapture some of the territory taken by Russian forces after the invasion.
As per Russian claim heavy damage was inflicted upon Ukranian assault . Ukraine had attacked with six mechanised and two tank battalions in southern Donetsk . 250 Ukrainian troops , 16 tanks, three infantry fighting vehicles and 21 armoured combat vehicles were taken out by Russian defence formation .
From Russain perspective 1 tank battalion means 30/40 tanks ( for Americans it 50/60 ) . That means it was nt some random border assault .
Otherwise the counter offensive, wait and see, the ukr are right to be patient. The Russians have massed some of their "best" units in the Svatove and Bakhmut sectors. From what I know, the Russian units holding the soft underbelly are rather average (mediocre), and for a long time faced Ukrainian units which were also inexperienced, but which have turned over in the last few weeks/months to make way for units from the Donbass front which are much more aggressive. The Russian 2nd echelon on this line is a little more experienced. Above all, things aren't going very well on the Russian side (no leave, the units never leave the theatre, at best they're sent a few kilometres back to rest from time to time).
No comment on the Belgorod sector, just raids and noise.
A fairly significant Russian offensive towards Pervomaiske last week (defeated, with around twenty vehicles destroyed).
Another on the Kremnina/Lyman axis (again defeated, probably on a smaller scale).
The Russians would like to attack Kupiansk but the terrain is VERY much to the Ukrainians' advantage (hills, behind a river, with open fields in front). A lot of Ukrainian bridge-building activity around Kharkiv. The Russians fear an attack towards Ourazovo on their territory, which would force them to evacuate the part of Kharkiv oblast that they still hold.
No comment on the Belgorod sector, just raids and noise.
A fairly significant Russian offensive towards Pervomaiske last week (defeated, with around twenty vehicles destroyed).
Another on the Kremnina/Lyman axis (again defeated, probably on a smaller scale).
The Russians would like to attack Kupiansk but the terrain is VERY much to the Ukrainians' advantage (hills, behind a river, with open fields in front). A lot of Ukrainian bridge-building activity around Kharkiv. The Russians fear an attack towards Ourazovo on their territory, which would force them to evacuate the part of Kharkiv oblast that they still hold.
Riiiiiight. Sorry not buying.... Russian sources I mean. These people also claimed to have destroyed several HiMARS, Bradleys and Leos too. Russians are in a panic right now and everything, including small probing attacks, feels like a major offensive. They believe what is happening in Belgorod is being done by thousands but reality it is just 300-500 Russian rebels.Russia says it thwarted major Ukrainian offensive, Kyiv says Moscow spreads lies
It was unclear whether the reported attack represented the formal start of a Ukrainian counteroffensive to recapture some of the territory taken by Russian forces after the invasion.
As per Russian claim heavy damage was inflicted upon Ukranian assault . Ukraine had attacked with six mechanised and two tank battalions in southern Donetsk . 250 Ukrainian troops , 16 tanks, three infantry fighting vehicles and 21 armoured combat vehicles were taken out by Russian defence formation .
From Russain perspective 1 tank battalion means 30/40 tanks ( for Americans it 50/60 ) . That means it was nt some random border assault .
It really is becoming a mess for Russia
Electrical power object damaged in Belgorod.
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