/biz/ - Business & Finance

>>56284875
>The first thing you are taught in economics is that most economic indicators do not reflect the individual wealth of the citizens of that nation
Nigeria has a better economy than Russia.

>>49866851
What prognosis do you want? They will keep selling oil and gas, probably at a reduced rate because lack of western companies supplying parts needed for extraction. They have fuck all elsed. Another round of brain drain, and import substitution does not work as an economic policy and costs (extortion, bribery, smuggling western components, etc) means they can't build a competitive industry, no cheap labour from central Europe cause they'll get better jobs at home, etc. Anyway what matters is they have no demographics for a recovery ever again lmao. So, since they also have widespread gay rape and AIDS in Russia, literally worse than Africa

>>7647725
This.