12 Comments
User's avatar
anders sorensen's avatar

People have to tighten their belts in Russia, Stephen Bryen claims. The Russian are doing the opposite.

In 2024 retail sales grew 7,2 pct. adjusted for inflation, and in 2023 it grew 8,0 pct.

The Russians doesn't feel any economic consequences of neither war or sanctions.

Expand full comment
Stephen Bryen's avatar

The best article so far on Russia's economy is here: https://www.foreignaffairs.com/ukraine/putin-not-yet-desperate

Expand full comment
anders sorensen's avatar

The best to do, is to read the statistics yourself(rosstat, CBR and minfin.ru) and draw your own conclusion.

Besides of course the comments of Russian decision makers themselves are pretty useful, especially Nabiuliana(CEO CBR).

Than you don't make mistakes like the mentioned quote above.

Expand full comment
Wall's avatar

There is no crisis in Russia. And the collapse of the economy is a fantasy. The West has been captured by its information policy, when nothing good can be written about Russia for decades.

Expand full comment
barnabus's avatar

Growth is not the same as growth. That's the Bastiat Fallacy - if you regularly go through the village and break windows, they need to be replaced - so lots of additional work for glass-makers. Does the economy of the village grow? Yes and No. Because otherwise, the villagers would have better uses for their money than replacing broken windows.

In the USA we just had 4 years of Bidenomics, where huge federal deficits were the result of additional growth due to integration of illegal migrants into the labor market. Did that make sense? No, because the federal debt to GDP ratio was exploding, all the while GDP was growing. And no one saw how illegal immigrants put into the labor market would be generating compensatory federal surpluses.

Expand full comment
anders sorensen's avatar

Read rosstats socie-economic report, published around the first each Month, cause you don't come up with any facts on Russian economy. And should we debate, we'll have to have facts as the basic.

Expand full comment
Vonu's avatar

What about the $5 billion dollars that USAID gave to Victoria Nuland and the CIA to foment the Maiden revolution and replace a legitimately elected president of the Ukraine with a NATO suckup Zelensky, who ceased being president last May?

Expand full comment
IGOR's avatar

If you know in advance that you will be playing with a cheater and a hereditary fraudster, then from that moment on you begin to build your relationship with him and other "partners" at the gaming table. (there was neither the time nor the desire to "cure" this genetic mutation of theirs). Putin knew from the very beginning that the West and the United States would not miss the opportunity to use Russia as a gas station, a major quarry, a source of cheap labor and bright heads. Therefore, the Russian leadership (let's call them the Politburo) could only "state the obvious" things: "we were deceived," "NATO expansion," "Maidan," "Minsk agreements," and so on and so forth... Narrow-minded American politicians, overfed economists and their equally stupid military "colleagues" have repeatedly done everything they could with their actions and public statements... confirming Putin's words about "threats" coming from somewhere (keeping Russian society in constant "reasonable" tension).If Putin, even after going through such trials and losses, manages to divide this perverted "Siamese brotherhood" of America and Europe, then everything was not in vain.Europe is here on the continent, and it is much closer and more important to Russia than America, which is "somewhere out there, beyond the puddle.".. Of course, everyone is wondering how Russia can drive a wedge between the "allies"? Well, if someone doesn't see it, then the wedge has already been driven into the crack, and all that remains is to fill it with water to make the crack wider.In other words... to condone the further degradation of NATO and the European Commission (not to be confused with a united Europe!) Hopefully, Trump will speed up this process. By "leaving Ukraine," America will lose Europe the next day! Russia will only have to pick up and warm the "lost traveler." Europe, by virtue of its historical conquests, is the most capable of transformation and innovation in all areas - from politics to defense.

Expand full comment
Sergei's avatar

Mr. Bryen good afternoon! If possible please provide the transcript transcript of this your interview.

I'd like to share it with my Russian colleagues who's interesting in the situation in and around Ukraine. Thanks in advance. Sergei

Expand full comment
Stephen Bryen's avatar

you can find the transcript on the YouTube page

Expand full comment
Sergei's avatar

Thanks indeed Mr. Bryen! Very useful and informative.

Expand full comment