Rodmac41
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
The 6.9% decline in the net pre-tax profit of Russian companies in 2024, was reported by Rosstat on 5 March, this was anticipated, given the evident deterioration in economic conditions because of the effects of sanctions. Rhod Mackenzie looks at the various sectors and concludes its not doom and gloom but there are many bright spots to be found.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
I am sure the BBC and CNN, would be much more interested in the pessimistic article you posted, then The Duran readers, as it is simply a Media manipulation piece, with the overtone that the Wests Russian sanctions are beginning to cripple the Russian economy, which is designed slow the flow of private foreign investment into the Russian economy.
If you actually litened it was anything but pessimistic and not predicting the crash of the economy just pointing out that some sectors profits were down but nothing compared to the West.
The caption RUSSIAN COMPANY PROFITS DOWN 6.9% IN 2024, with a RED arrow going down like a Lead Zepplin, is more then enough information for me, for me to waste my time listening to a Media manipulation piece, that a NATO Think tank would be proud of.
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