this post was submitted on 15 Mar 2025
47 points (98.0% liked)
Economy
916 readers
167 users here now
Lemmy Community for economy, business, politics, stocks, bonds, product releases, IPOs, advice, news, investment, videos, predictions, government, money, politics, debate, current trends and more.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The russian economy is not only tied to but dependent on the wests import of natural resources.
How in the world did you figure russias economy is not tied to "our" (I'm european, but the us and eu economies are all intertwined) economy? "Famously" so too?
If USA says don't buy russian oil or you'll get secondary sanctions (e.g. you can't trade with the US) then india, china will (and are) stop buying russian oil. This is what is actually happening by the way.
I didn't mean we can't impact their economy. I meant the US economic success is not tied to theirs. If our economy collapses, theirs will actually improve, not get worse.
The person I was replying to implied that our coming recession would also be bad for Russia. I think it's the opposite.
It was me I guess.
If the USA goes into recession, then the world economy will slow down, this is indisputable (if there is no other really never before seen boon happening, which is extremely unlikely).
When the world economy slows down, oil and gas demands lowers, which creates less demand, making oil & gas prices go lower.
Russias economy is in dire straits today, anything could plunge it into a spiral of augmenting inflation and augmenting stagnation. These two feeds on each other.
The biggest part of russias economy is based on oil & gas revenue.
Make your conclusions!
True. I guess it depends how the US starts to fail. I imagined that people stop buying our gas, we lose global influence, and the boycott on Russian oil will fail. Europe will keep it up, others won't.
I hate to say we'll see, but.. we'll see!
I don't think the USA will fall, it will just not be the only/strongest player any more.
For russia, IMO, it is another story, they collapsed in the nineties, they seem to be on a path to collapse again.
But, as you say, we'll see!