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ansy1968

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Registered Member
gelgoog said:
Of course. There will be masses of people going into unemployment in a month or two. From what I understand companies in Russia have to pay employees 3 months severance. You cannot just immediately dismiss people. There are rules to protect employment in Russia.
Once that time period is over, if those companies have not decided to go back into operations, those people will hit the job market.

But the idea the sanctions will cause a massive impact on the Russian MIC, it is plain BS, the MIC has been under sanctions since 2014. The idea the Russian MIC has failed hard at import substitution of such products is also bunk. I mean just look at marine gas turbines. It is a product with long design cycle. Yet Russia is putting the Admiral Isakov into service this year. They also replaced VK-2500 turbines for helicopters, Al-222 turbines for trainers. They made their own thermal sensors and do not need to rely on French imports anymore. And as is right now they have been announcing a replacement for rad hard space grade semiconductors. We will see if they got those to work once the next generation of GLONASS satellites is sent up (or isn't). They also replaced sensors and avionics which used to be imported from Ukraine. Like the sensors used in the R-77 missile. And we know they did this because they made a huge order of R-77-1 missiles and those are in service right now.

There are still some issues with import substitution of certain items considered non-critical. Like certain components used in drones. Or with production of items which are considered critical but not necessarily imported in the first place. Like digital encrypted hand held radios, or personal night vision devices, etc.
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With all due respect to my friend @Overbom , I have to agree with @gelgoog on this one, Russia can feed itself , can manufacture almost all of its need, not as advance BUT at most its economy can function. The question that should be ask is who needed who? Russia is a major commodity exporter, IF the EU and the US want to sanction it , other countries will fill the void so who will suffer the most.? It will take at least 5 years for Russia to implement a import substitute, with China help it may lessen to 2 years as Made in China initiative may take effect in 2024 due to National security concern.
 
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ansy1968

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Overbom said:
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@Overbom bro China now export inflation while importing deflationary input from Russia, with this I believed that China CPI of 1.5% is right on the mark, Now IF this trend continues other commodity exporting countries like Australia may do the same to keep hold the Huge Chinese market? or they may switch their focus on the Collective West who are obligated to support their green energy advocacy....lol, which way I see coal price will drop together with Iron ore as EU industries struggles to remain competitive.
 
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Overbom

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Investigators have found no sign that navigation or monitoring instruments failed on the plane that crashed in southern China last month, state news agency Xinhua reported on Wednesday.
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Xinhua also said investigators were continuing to analyse data from the two flight recorders on board China Eastern Airlines flight MU5735, which were badly damaged in the crash.
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