Spoiler: Ukraineis full of heroes. Not only two-legged but also four-legged furry heroes. There are plenty of cats and dogs in the Ukrainian forces holding the lines against muscovite orcs. Ukrainians love their pets. Many who were forced to leave their homes following muscovy’s attacks brought their pets with them. There are also lots of exceptional Ukrainian heroes who stayed behind while orcs where around to make sure that animals would be fed.
Spoiler: putin wants us to believe that the sanctions on his death machine don’t work or are hurting us more than him. A recent analysis of sanctions show that sanctions do work! And recent data show that the russian industries are having severe problems producing new weapons.
The sanctions are hurting russia. russian gdp is expected to decline by at least 8 percent this year. The sanctions have caused russian imports to collapse in recent months. So much that the kremlin has banned the publication of trade statistics. Thus, the sanctions work and are hurting the little person’s death machine.
The negative effects of sanctions on the sanctioned country over time is analysed by a recent study. Usingthe new edition of the Global Sanctions Database, Kwon et. al. show that on average, an additional sanction decreases real GDP per capita in targeted countries by 0.39 percent.
Kwon et.al. also estimate the effects of different types of sanctions on GDP per capita growth. Trade sanctions reduce GDP per capita growth in the sanctioned country more than financial sanctions and travel sanctions. Trade sanctions decrease GDP per capita growth by 0.54 percent.Continue reading
Spoiler: Statistics Sweden reported in a news brief that net exports explained a reduction in GDP compared to a previous period. This is wrong. Later in the same brief they defined GDP as the sum of goods and services domestically produced during a period of time. This is correct.
This misunderstanding is often repeated in the media. It is probably due to a sloppy reading of the National Accounts definition of GDP. This states that GDP = Private Consumption + Government expenditures + Investments + Exports – Imports. But imports are deducted from GDP because Consumption, Investments, and Exports include imported goods and services. Imports and the imported parts of the other components cancel out.
Spoiler: putin is creating a famine in the countries dependent on grain imports from Ukraine. He’s trying to blame sanctions on russia. That is a lie. There are no sanctions on russian exports of grain, other agricultural products or fertilizers.The food crisis is caused by putin, and only by putin. He blocks Ukrainain ports, he steals Ukrainian grain, he destroys Ukrainian agricultural equipment, and he bombs and mines Ukrainian agricultural fields. He bombs grain silos in Mykolaiv.