The Resilience of Russia's Economy has Stunned the West

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(Edited)
  • Russia's head of state, speaking this week in Tula, the capital of Russia's arms industry, said the country's economy had beaten Western sanctions," the British Financial Times states and quotes the head of state as saying: "They predicted decline, failure, collapse - that we would stumble, give up or collapse .... They won't succeed! Our economy is growing, unlike theirs

  • The International Monetary Fund has revised its own forecast of Russia's GDP growth more than twice to 2.6% this year. This confirms the words of the Head of State that the Russian economy has not only withstood the onslaught of sanctions from Western countries, but has begun to grow more than theirs

  • Russia has escaped Western attempts to curb its energy revenues and increased defense spending, the Financial Times emphasizes.

  • The resilience of the Russian economy has stunned many Western economists, who believed that sanctions against Russia could lead to its catastrophe.

Amid the aggressive sanctions blitzkrieg of the West against Russia, our country's economy has grown by more than 3%, industry by 5%, construction by 8%, agriculture by 12% since the beginning of the year,

-Alexander Galushka said

I suggest delving into some of the points:

Russian airplane industry is ready to break the record of the USSR:

  • By 2028, the Russian aviation industry plans to annually produce 125 import-substituted airplanes of 4 types - SJ-100, MS-21, Tu-214 and Il-114, which exceeds the peak loads of the USSR by more than 50%, - said in PJSC "Yakovlev".

  • The first flight of the fully import-substituted MS-21 aircraft will take place as early as 2024. There are 33 systems to be imported in the SJ-100 aircraft.

  • MS-21 is a new generation domestic medium-range passenger airplane with a capacity of 163 to 211 passengers. The airliner is aimed at the most demanded segment of the passenger transportation market. It is based on the latest developments in the field of aircraft construction

IT Sector

Russian scientists from the artificial intelligence (AI) research laboratory of Tinkoff Research have created the most effective algorithm for training and adapting artificial intelligence among global analogs.

The new method, called ReBRAC (Revisited Behavior Regularized Actor Critic), trains AI four times faster and 40% higher in quality than global analogues in the field of reinforcement learning, adapting it to new conditions on the go.

The development of Russian scientists in the field of improving the efficiency of AI learning algorithms can help bridge the technological and digital divide in the world between different countries - more efficient algorithms require fewer computing resources. Countries with limited computing power will be able to create and develop advanced technologies, adapt AI to specific applied tasks, significantly saving on costly AI experiments.

The IT sector has not been spared the anti-Russian sanctions. But even here their authors were in for an unpleasant surprise. Russians can do IT, too, if they have to. Russian specialists were quite quick to present domestic products and user-friendly solutions. IT startups are actively supported by the state.

Forbes is already presenting a rating of promising projects with Russian roots. Among them are Qummy, whose "smart" ovens allow cafes to feed clients without cooks and kitchens; the "Take Charge!" project with the idea of placing vending machines with portable batteries that can be rented in public places.

High-tech industry

Russia completes tests of a drone for ICE RECONNAISSANCE

"Rosatom has completed tests of an ice reconnaissance complex based on an unmanned aerial vehicle. The third stage of the tests took place in the water area of the shipping approach channel in the Gulf of Ob in the Kara Sea, the device was launched from the nuclear-powered icebreaker Yamal.

During the flight, radar images were formed, video recording was made in the optical and infrared ranges. All information with geolocation georeferencing was transmitted in real time to the operator at his workplace on the icebreaker.
Surely these developments will be used in the military industry as well

The nuclear-powered submarine Prince Pozharsky was launched in Severodvinsk

The ceremony was held under the leadership of Admiral Nikolai Yevmenov, Commander-in-Chief of the Russian Navy. Mikhail Budnichenko, Sevmash Director General, gave the start of the launching of the "Knyaz Pozharsky" from the boathouse.
Now the cruiser will undergo factory running and state tests. Then the nuclear-powered submarine will be accepted into the Russian Navy.

  • 12 surface ships and 4 submarines will be received by the Russian Navy in 2024. This is a record high for the last decades," states the US-based The National Interest

  • "We have achieved 100 percent import substitution in the construction of ships for the Russian Navy. No sanctions can affect the construction and commissioning of warships today," TNI quoted a statement by the Russian Ministry of Industry and Trade as saying

  • The Lada-class diesel-electric submarine Kronstadt officially joined the Russian Navy on Wednesday during a flag-raising ceremony held at the Admiralty Shipyard in St. Petersburg. "We are receiving a new generation submarine based on new physical principles and equipped with powerful armament," Russian Navy Chief Admiral Nikolai Yevmenov said at the ceremony

Business orientation

Moscow has launched a "green corridor" for import substitution. The terms for the creation of new production facilities have been reduced to 1 year

For this purpose, the Mayor's Office reduced the terms of documentation approval. In particular, the procedure of land plot registration was accelerated 4 times, now it takes only 7 days. And for installation of fences and closing of land work orders it is enough just to notify the authorities, it will save more than a month.

Every year about 50 medium and large production facilities are opened in Moscow, industrial production in the city has doubled in 5 years.

Space

Russian researchers have developed a prototype of a compact laser communication terminal for spacecraft, which will significantly accelerate data transmission to ground stations and ensure fast communication between spacecraft. It consumes about 15 watts of energy and is capable of transmitting data at speeds of up to 100 Mbit/s at distances of about 1.5 thousand kilometers. This installation can be used including on small spacecraft class CubeSat.

As noted by the developers of the device, unlike radio waves, the laser beam is not so strongly scattered, and the density of its radiation in the target sector is greater than that of a radio transmitter. This makes it possible to do without receivers tens of meters long.

The body and some other parts of the system were made with the help of 3D printing systems and CNC-machines, and all components of the system can be placed in a small box, which can be installed also on board of microsatellites.

In the future, the high speed of information exchange and the range of this laser communication system will allow Russian orbital probes to exchange information both between vehicles in orbit and communicate with ground stations. In the near future, the developers plan to prepare and present to the public a new version of the prototype, which will have improved optics and will be fully ready to be installed on board a real spacecraft.

Peaceful Atom

  • Rosatom has discovered the largest gold reserves in Russia in Chukotka: such deposits have not been found since 1991. The volume of gold at the Sovin deposit is estimated at 100 tons.

  • President Putin opened the ceremony of nuclear fuel delivery to the Ruppur NPP in Bangladesh. Rosatom is building two power units with a total capacity of 2,400 gigawatts, the first to be launched in 2024 and the second in 2025.

  • Rosatom's ZiO-Podolsk enterprise shipped the first of two RITM-200 reactors for the newest Project 22220 nuclear icebreaker Chukotka.

  • Rosatom has started construction of the BREST-300 lead-cooled fast neutron reactor of the future at Seversk in the Tomsk Region.

  • The first power unit of Akkuyu NPP in Turkey received a commissioning permit

  • The Machine-Building Division in St. Petersburg started manufacturing blanks of various configurations for the world's first land-based low-power nuclear power plant (LNPP) with the latest RITM-200N reactor unit.

  • Russia has surpassed the USSR in the production of nuclear reactors for NPPs. The Soviet Union created a maximum of 3 sets of reactor equipment, while Rosatom has already created 5 such devices this year.

  • The technology of the closed nuclear fuel cycle (CNFC), which will significantly increase the fuel base of nuclear power and reduce the generation of radioactive waste, is ready for scaling up - press service of Beloyarsk NPP.

  • According to IAEA data, Rosatom is ahead of all competitors in terms of the number of nuclear power plant units under construction. Today, 58 nuclear power plant units are under construction in the world, of which 23 are owned by the Russian nuclear corporation. These statistics indicate an unprecedented growth in the Russian nuclear power industry, which is actually moving to a completely new qualitative level.

  • By 2045, Rosatom may build more than 42 power units, i.e. at least one unit per year.
    Of these 42 blocks, about 30 will be built in Russia.
    In order to achieve a 25% share of nuclear power generation in the country's energy balance, it is necessary to build 12 units by 2035 and 17 units between 2036 and 2045.
    This figure was announced by Alexei Likhachev, head of the corporation, based on an understanding of the existing business situation.

  • Russia has renewed the record of cargo transportation along the Northern Sea Route, at the moment this figure has already reached 35 million tons of cargo.
    Before that, the record was considered the result of 2021, then 34.9 million tons were transported along the NSR. "By the end of the year we plan to transport 100 thousand tons every day. And the cargo flow will reach 36 million tons", - said the special representative of "Rosatom" on the development of the Arctic Vladimir Panov.
    Recall that the government appointed Rosatom as the infrastructure operator of the Northern Sea Route

  • Kommersant reports that Rosatom State Corporation is studying the possibility of building a 1.2 GW nuclear power plant in the Far East. According to preliminary estimates, the NPP would consist of two 600 MW VVER-type power units, which do not yet have references.

Tourism

Russia has entered the top 20 most visited countries in the world by the end of 2023 (according to onestep4ward)

Russia is in 15th place, with 24.6 million tourists visiting the country last year. Russia is right after Greece and is successfully ahead of such countries as Japan, Canada, Saudi Arabia, Poland and South Korea.

This is what international isolation looks like!

Industrial production in the Russian Federation by the end of 2023 increased by 3.5%, and by 4.1% against the level of two years ago. This is one of the highest results for the last decade.

Let's take a look at which sectors showed record growth percentages:

  • Food production: +5.9%
  • Manufacture of clothing: +4.1%
  • Manufacture of leather and leather goods: +12.3%
  • Manufacture of chemicals and chemical products: +4.6%
  • Manufacture of rubber and plastic products: +9.2%
  • Manufacture of fabricated metal products, except machinery and equipment: +27.8%
  • Manufacture of computers, electronic and optical products: +32.8%
  • Manufacture of electrical equipment: +19%
  • Manufacture of motor vehicles, trailers and semi-trailers: +13.6%
  • Manufacture of furniture: +20.7%
  • Bearing output growth: +27%
  • Cars: +19%
  • Buses: +10.9%
  • Freight cars: +26.6%
  • Passenger cars: +16.9%
    ...
The topic of BRICS and the restoration of Crimea in general are topics for separate articles. As well as all the achievements of the military industry...

Of course, not everything is so sweet and there are negative sides of the coin as well:

  • More than half of Russians (57.7%) reported that over the past year they started to save more. First of all, this applies to large purchases, entertainment and travel.

  • The average mortgage term for housing in new buildings rose to 26 years

  • Roskachestvo tested economy-class cognac produced in Russia and found that half of the products tested were falsified

  • 25% of Russians prefer expiring products to save money

  • In 2022, the Russian Federation experienced "negative growth" in consumer goods sales (-2.3%)

  • In its forecasts, the Central Bank raised the expected inflation rate to 7-7.5% from 6-7% previously forecast.

  • In 2022, Russia faces a shortage of pediatric antibiotics. The difficult situation in pharmacy is primarily due to the fact that Russia imports 80% of pharmaceutical substances, and is also almost entirely dependent on imports of high-tech equipment, which is complicated by anti-Russian sanctions

Earlier I wrote about how the anti-Russian sanctions policy of the European Union hits the pockets of ordinary European taxpayers and what consequences it has for the economies of the European Union, I will add a little:

Falling living standards of Europe's residents threaten EU governments

  • Right-wing parties are gaining popularity in Europe amid problems in the economy. The situation is aggravated by mass protests of farmers and other categories of citizens in a number of EU countries. This is of extreme concern to European politicians ahead of the European Parliament elections in June and state elections in Germany in September 2024," states Bloomberg.

  • Falling real incomes exacerbate voter pessimism: "People remain dissatisfied with high prices." The standard of living of EU citizens has declined and is not expected to improve, - states the participants of the European Commission's Eurobarometer survey conducted in 22 EU countries.

  • "What really matters is economic anxiety: the fear of losing a job,... of being less well-off than others," said Cornelia Wall, president of the Berlin-based Hertie School.

  • "Aggregate wage growth will be less than the increase in costs faced by consumers," argued Lena Komileva, chief economist at G Plus Economics

  • Governments are focused on the debt problem, which has reached 90% of GDP, and have no way to provide financial assistance to citizens



I can if I want, but sometimes I'm lazy)

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Posted Using InLeo Alpha



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46 comments
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Oh what's about to start here now.)
Interesting article, thanks for the detailed analysis!

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Let's see.
Thanks for your support and for spreading my point of view to your audience!
!WEED

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It's kind of slow.
We need to accelerate on the following goals😏

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You're doing great so far. Keep it up! 🏎️

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Oh, yeah! I've even got my first personal haiter already. It's a real recognition of labour!

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What is it, why, and what does it have to do with my article?

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you do know that you can mute users in your posts?

Thanks for the interesting views and research, as usual.

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(Edited)

By replying to spam comments you can easily earn ecency tokens
With adequate people it takes much more time to spend on communication to get the same number of tokens. This incoming spam is like a legal form of farming for me ))
Of course I like live communication more, but I will not hesitate to earn coins on inadequate people.
There was a time that this spam my account raised in the rating of ecency activity , which gave some influx of audience to my blog. I use tokens to promote my posts too.
In addition, it is a good way to show the degree of adequacy of the carriers of the opposite point of view.
I see only pluses in this situation.
Thanks for paying attention to my work and for your concern, I always welcome your comments!

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@apshamilton
This is Russian propaganda.
Their ally is Iran.
How can you support this?

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I don't subscribe to the view that every publication that says something positive about Russia is "Russian propaganda".

And even if it is Russian propaganda, I am bombarded with Ukrainian propaganda in the Western mainstream media.

I am interested in information from all sides of the Russia Ukraine conflict.

Maybe in between all the lies we can find some truth.


I don't agree that Russia and Iran are allies.
They are certainly not military ones.
They have some economic connection, but so do most countries that are neighbours.

The fact that Russia bought some drones from Iran when all the countries of the West sanctioned them does not make tham allies. It appears to me that Russia has now just copied the design and is making them in Russia.

I don't see any evidence that Russia has in any way supported Hamas or Iran.
Their diplomatic position is no more anti-Israel than Norway (perhaps less so). I don't see the increasing their aid to UNWRA like Norway. Nor have they stopped it like many friendly countries.

Unlike in Israel's wars of 1967 and 1973 they are not supplying weapons systems or ammunition to Iran or Hamas or Hezbollah.
They seem too busy with Ukraine to get involved either way.

While Chinese weapons have been found in Gaza and Chinese shipping lines have stopped routes to Israel I have not seen similar actions by Russia.

In general the idea that Russia and Iran are allies is a wet dream of the Iranians that has little basis in reality.

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Russia has never told the truth. Russia is killing Ukrainians with Iranian missiles. Russia supplies Iran with weapons and is preparing to transfer nuclear weapons in the form of technology. And you think you are looking for the truth from liars.

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Ukraine is killing Russians with British, German and American missiles, artillery, bullets and just about everything. Russia is mostly killing Ukrainians with self-produced weaponry. It gets very little from Iran. I have seen evidence of Russia using Iranian drones but not missiles. Russian missiles are way better than Iran's.

The death toll on both sides is shockingly high and the UK & US stopped Zelensky accepting a reasonable peace deal that Israel had brokered early in the war.

It seems to me that the US & UK are just as big liars as Russia. Maybe bigger. They also imprison journalists like Tommy Robinson and Julian Assange.

Russia has been promising Iran S-300s for 20 years and hasn't delivered them. There are very few Russian weapons in the Iranian arsenal and those are mostly old tech.

Attempts to link the Russia - Ukraine WWI meat grinder to Israel's rapid, low casualty destruction of Iran's proxies is utterly baseless. BRICS is just a loose economic grouping with nothing in common other than not liking the USA.

Iran is having its proxies destroyed and sooner or later the Mullah regime will be overthrown, either internally or from Israel and or US invading. Russia will not and cannot do anything to stop this.

Iran and Russia are historic enemies with completely different ideological outlooks.
Russia has used Iran for its own purposes from time to time (as cannon fodder in Syria and for drones early in the Ukraine war).

Russia is NOT an ally of Iran.

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What peace agreement? He violated all the laws of international law. Russia does not abide by any agreements.

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A resounding statement from a Banderite! Which ones, exactly?

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To prevent Russian soldiers from dying in Ukraine, they simply do not need to come to Ukrainian lands to kill Ukrainians. Let them go home to their wives and children.

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And what should the people of Donetsk and Luhansk have done to stop people like you from killing them?

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But for some reason, everyone fled to the territory controlled by Ukraine.

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Who are these everyone???
The statement that all have fled to Russia is tantamount to yours. until you provide statistics on Ukrainian refugees in Russia as a proof!

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The statistics are simple. Everyone here, even those who have been to Russia, are now also in Ukraine, because they saw real life there, not on TV.

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Soon you'll see for yourself
You'll be ashamed!

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The entire civilised world knows the truth and supports Ukraine. It cannot be that Russia started the war and is making the whole world look bad. Russia doesn't even have fair democratic elections, where one person or another rewrites the laws as they wish and counts votes as they see fit, and the lives of Russians are made worse by constant warfare.

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The entire civilised world knows the truth and supports Ukraine.

This was never true - it was always just the US and some close allies supporting Ukraine.
Many civilised countries have stayed out of the insanity, including Israel (whose ex PM Naftali Bennett brokered a peace deal that ex UK PM Boris Johnson sabotaged), Hungary and India.

Other civilised countries like China have supported Russia.

Sadly for the Ukrainians your statement becomes less and less true with each passing day.

You seem completely unable to accept the reality of Ukraine's unfortunate position - Russia is slowly but surely grinding Ukraine into oblivion.

Eventually everyone has to come to terms with reality or else go mad.

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Do you not hear or understand at all?
Russia started the war in violation of all international agreements and acts.
All international agreements have been violated by Russia, including the agreements with Ukraine, and the security and non-aggression guarantees.
What other agreements are you talking about? Wake up!
Russia is not fulfilling any agreements and never has.

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(Edited)

Okay, and "everyone" from Crimea fled to Zhitomir, too 👍🤣🤣🤣
swimmingly🏊

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You're laughing in vain. He also saw Crimea, life with Russia, and now he dreams of returning to Ukraine.

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I have been to Crimea five times since its reunification with Russia!
Each time it was more and more difficult for me to get there, but I saw everything for myself! I am in touch with many friends and relatives in Crimea. So this shit you believe in, leave it to the stupid Banderites like you!
You'll answer so soon for selling my country for cookies))))

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Andrew I completely agree with you. As you may well remember I used to think Putin is the only bad guy. But watching Biden forcing us to fuel owr enemy Hamas made me realise his two faced and even blood thirsty game. Looks like his policy is not finishing a war but keeping it burning as long as he can....

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We are filled with media that promotes agenda. There is no real talk and no serious debate. No one should be king, not Putin, not Biden, not Bibi, not Zelensky and sure not sinwar. Our king should be our common sense, our loving heart and our values for good.

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