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this post was submitted on 02 Apr 2024
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Yet another sign of Russian economy booming!
Since Putin and the trolls here on Lemmy claim that the Russian economy is booming, this must mean that Russian chip manufacturing sucked even more before Russia started using torture, rape and mass murder to try to invade Ukraine.
Note the "try"... Because, damn do they suck at invading other countries too....
To be fair, the Russian economy is actually doing well. I'm pretty sure it had the most growth out of any G7 nation the past year.
These sanctions aren't having the effect that a lot of you would want to believe. It's actually having the opposite, forcing Russia to rely on domestic production once again instead of the world market.
The Russian economy is running hot, it's unhealthy and unsustainable. Even that ignores that they overshot their military budget last year and it was actually 6% of GDP.
Also, there will be serious long-term effects due to lack of workers. Millions have fled, died, or been permanently injured, and Russia was already facing a difficult demographic crunch.