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Sure, but not only from Estonia, many countries in fact.
As long as Russia doesn't change it's status from being Nigeria with snow and get over the Soviet imperialistic mentality, nothing will change the bleak and grim outlook of the country.
But... this status only in your brain, in your perception. ))
True. As Norway an example.
The country has a product and that product goes on sale. The price of that product affects the economy.
Norway is dependent on oil, but it has also invested most of the money in a fund which is now the largest in the world. In fact the fund is so huge that it's self-sustaining and can last indefinitely, giving a 2-4% interest rate annually even when the oil reserves end.
Meanwhile Russia does not have such investments. The Russian economy lives day-to-day, and most of the profits go to the oligharcs and not the people. And now when the oil price is so low and Russian oil is usually of poor quality, it has a clear effect even on everyday life. It shouldn't have. Additionally with the trade sanctions, it's the regular Russian who suffers, Oligharcov Oligharcovich will always be rewarded with a motorway project or similar.
Norway is dependent on oil, but it has also invested most of the money in a fund which is now the largest in the world. In fact the fund is so huge that it's self-sustaining and can last indefinitely, giving a 2-4% interest rate annually even when the oil reserves end.
Meanwhile Russia does not have such investments. The Russian economy lives day-to-day, and most of the profits go to the oligharcs and not the people. And now when the oil price is so low and Russian oil is usually of poor quality, it has a clear effect even on everyday life. It shouldn't have. Additionally with the trade sanctions, it's the regular Russian who suffers, Oligharcov Oligharcovich will always be rewarded with a motorway project or similar.
Russia also puts money into the fund. Russias fund helped to stabilize the national currency after the collapse of oil prices. In addition, Russia is using the money for the development of agriculture, help families with many children, modernization of production (including the military sphere), sports competitions. It's not so bad, although many live in great poverty. I agree about oligharcs. But what do you suggest? Must we kick Putin and hang oligarchs on poles? This is the way of Ukraine (or Russian Empire in 1917), thanks, we don't need in this.
Actually, yes. Not the "hanging" part, of course, but if Putin were removed and his criminal accomplices tried and jailed, Russia would be a much better place.
Russia would evolve out of the 20th century, just like Eastern Europe did.
Russia also puts money into the fund. Russias fund helped to stabilize the national currency after the collapse of oil prices. In addition, Russia is using the money for the development of agriculture, help families with many children, modernization of production (including the military sphere), sports competitions. It's not so bad, although many live in great poverty. I agree about oligharcs. But what do you suggest? Must we kick Putin and hang oligarchs on poles? This is the way of Ukraine (or Russian Empire in 1917), thanks, we don't need in this.
The Russian wealth fund is tiny. It has assets of around €60-65 billion. For comparison the combined worth of all Finnish state funds are around €180-190 billion. And we have 4% of your population. The Norwegian oil fund will probably hit a trillion € in our lifetime.
About your question, I don't know. I can't give an answer. Certainly executing people could have an effect, but would it be for the better? Probably not. I guess the way forward is that the ordinary Russian like you, Frolov, start to demand that the country needs a reconstruction and the state is not merely a tool to make some priviledged people rich. Russia today is a cleptocracy.
The Russian wealth fund is tiny. It has assets of around €60-65 billion. For comparison the combined worth of all Finnish state funds are around €180-190 billion. And we have 4% of your population. The Norwegian oil fund will probably hit a trillion € in our lifetime.
€60-65 billion is only fund.
Russia have good foreign exchange reserves (6 in the world): wiki
Also Russia have very good ratio of reserves to the national debt. The rate of national currency is free (the state does not support it consistently).
Russia has the relatively stable economy.
Quote:
Originally Posted by Ariete
About your question, I don't know. I can't give an answer. Certainly executing people could have an effect, but would it be for the better? Probably not. I guess the way forward is that the ordinary Russian like you, Frolov, start to demand that the country needs a reconstruction and the state is not merely a tool to make some priviledged people rich. Russia today is a cleptocracy.
The Russians are not against cleptocracy at the current stage of development of the state. Risks from the change of power is quite high. In addition, Russia allows a normal life and earn good money for those who want to work. Putin does not go away in the next few years, many people really support him.
€60-65 billion is only fund.
Russia have good foreign exchange reserves (6 in the world): wiki
Also Russia have very good ratio of reserves to the national debt. The rate of national currency is free (the state does not support it consistently).
Russia has the relatively stable economy.
The Russians are not against cleptocracy at the current stage of development of the state. Risks from the change of power is quite high. In addition, Russia allows a normal life and earn good money for those who want to work. Putin does not go away in the next few years, many people really support him.
You understand that Russia or anyone else in the top 10 on that list cannot attempt to withdraw but the interest of those funds? The money is invested, lent, re-lent and again re-lent so many times that you cannot pinpoint or gain all the money, because it's something that doesn't exist but in our promises. The Norwegian fund is a state-controlled private venture, the Russian Welfare Fund is peanuts and a propaganda tool.
Sure, Russia has large gold reserves as gold will always keep some kind of value. As in all countries the gold funds are for the worst possible scenario - meaning if the global financial market would collapse. And as there's currently much more debt than money in the world, you don't have to be Russia or the US to collapse the whole earth.
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I'm not saying that Putin should be removed, at least by force. And I understand that you were hurt under Yeltsin, but hopefully there will ascend a wise Russian leader. Putin rides on the oil and gas money. When the salaries rise, it's Putin who did it and held the Olympics. When the salaries drop, it's America's or Germany's fault.
What the problem in Russia is the serf mentality. The Russians don't have the tradition of challenging the system, the 'Official Truth' and the leaders of the country. And additionally lacking the tradition of democracy, most Russians are apologetic: why do anything as only new crooks replace the old ones and nothing ever changes.
What the problem in Russia is the serf mentality. The Russians don't have the tradition of challenging the system, the 'Official Truth' and the leaders of the country. .
Then you know nothing about Russian history.
Why should we arise against Putin if we like him.
A lot of Russians do support him.
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