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Europe Can’t Fund ‘Lost’ War in Ukraine Without US, Orban Says
(www.bloomberg.com)
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this post was submitted on 08 Nov 2024
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I hope the Russians get out of it as it has hurt them the most.
It has unquestionably hurt the Ukrainian people the most.
Meanwhile in the real world. Russia was able to successfully redirect its trade towards the Global South at this point. https://www.reuters.com/business/energy/russian-oil-gas-revenue-soars-41-first-half-data-shows-2024-07-03/
The World Bank just reclassified Russia as a high income country https://blogs.worldbank.org/en/opendata/world-bank-country-classifications-by-income-level-for-2024-2025
Meanwhile, the IMF forecasts that Russian economy is set to grow faster than all the western economies https://www.cnbc.com/2024/04/17/russia-forecast-to-grow-faster-than-advanced-economies-in-2024-imf.html
Europe is the big loser here after Ukraine. Having lost access to the Russian market and cheap energy. Meanwhile, Russia selling energy on the cheap to China and India makes Europe uncompetitive in terms of manufacturing.