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Business Retreats and Sanctions Are Crippling the Russian Economy (ssrn.com)
13 points by rixrax on July 31, 2022 | hide | past | favorite | 2 comments


What are conditions and sentiments like on the street in Russia?


Russia passport holder, though I moved out of Russia in 2007.

Moscow, Petersburg - Putin spends extraordinary amount of money to hold the veneer of normalcy. I would say that urban poor are now seeing even more money as the city hires more janitor, drivers, and carpenters.

Rest of Russia — life like in North Korea, as it always been for the past 30 years.

Most impacted — Yikaterinburg, Kazan, Novosibirsk, Vladivostok. These are the only few cities in Russia with working economy without artificial economic boosting. Whatever non-military manufacturing there been is down. Chem is down as high-tech catalysts been all imported. Recreational/services/entertainment ­— dead as few middle class people powering it are leaving. IT — double digit personnel loss, double digit industry shrinking.




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