[TrumpCard]

Getting back to the war in Ukraine, this news caught my attention.

https://www.wsj.com/articles/russian-def...mwhatsnews

It looks like the war and sanctions may finally be catching up to Russia.  All this while the West is tightening the sanctions noose on Russia's ability to earn revenues from oil and gas.  Of course, it is a race between tightening sanctions and Russia's ability to adapt to the sanctions by reorienting its economy away from Europe.

If, as the article notes, Russia's Sovereign Wealth Fund has assets equivalent to 7.2% of GDP in it, and its deficit is around 2 - 2.8% of GDP, it will have 3 - 4 years left of runway.

BC

I've been wondering about Russia reorienting away from Europe.  We know that Russia is doing business with Iran and North Korea.  That makes sense.  Pariahs stick together.  But trade with Iran and North Korea isn't sufficient to sustain a country as big as Russia.  The bigger question is what China is doing.  Has anyone here read whether China is filling in the void that Europe left when it imposed sanctions on Russia?

[TrumpCard]

Getting back to the war in Ukraine, this news caught my attention.

https://www.wsj.com/articles/russian-def...mwhatsnews

It looks like the war and sanctions may finally be catching up to Russia.  All this while the West is tightening the sanctions noose on Russia's ability to earn revenues from oil and gas.  Of course, it is a race between tightening sanctions and Russia's ability to adapt to the sanctions by reorienting its economy away from Europe.

If, as the article notes, Russia's Sovereign Wealth Fund has assets equivalent to 7.2% of GDP in it, and its deficit is around 2 - 2.8% of GDP, it will have 3 - 4 years left of runway.

BC

I've been wondering about Russia reorienting away from Europe.  We know that Russia is doing business with Iran and North Korea.  That makes sense.  Pariahs stick together.  But trade with Iran and North Korea isn't sufficient to sustain a country as big as Russia.  The bigger question is what China is doing.  Has anyone here read whether China is filling in the void that Europe left when it imposed sanctions on Russia?