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by NoPie
1559 days ago
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Russia's GDP is something like 4% of the EU GDP. Everybody will get hurt from these sanctions but Russia will get hurt about 20 times more than the EU on average. Some EU countries will have bigger impact than others but they may get help from the EU, so it can be mitigated to some extent. Russia will try to find a way around these sanctions generally but it will be less efficient. It is not that easy to substitute everything. Russians may not care about latest brand items but domestic substitutions will not be always of good quality or functionality. It wasn't during Soviet Union and depending how long these sanctions last, it will gradually impact Russia. Some think that sanctions will be gradually weakened. I think it will be the opposite. The war is just started and as Ukraine will suffer more and more casualties, countries will make sanctions even stronger. It is surprising that the reaction was so severe in this short time. Usually it requires longer time to agree on things and it is expected that more sanctions will follow. I am very sorry for all my Russians friends who now will have to suffer. It is not an easy situation to deal and no way out. |
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You are forgetting China here. 70% of mobile phone market in India is dominated by Chinese phones which are honestly far more feature packed than the latest iPhone. Of course one does not have any idea about privacy/security aspects of it. Will definitely not be as secure as an iPhone. But for a regular user, does this actually matter? Especially in developing countries? More so in Russia?
When Soviet Union collapsed, China's GDP was slightly higher than India's GDP. It wasn't yet the manufacturing base and supply chain of the World. The West propped China up for 3 decades. Now Russia/Russians won't miss out much to be honest with you. There are alternatives for everything Western and then some.
> countries will make sanctions even stronger
In what way? The sanctions are already the strongest. There is nothing more "stronger" that can be done now. What can be "stronger" than cutting off financial telecommunications (through SWIFT)? Cutting off oil? That can be easily re-routed to India and China. India and China will love discounted Russian oil.
I think the West is overestimating the impact of Sanctions.