tag:blogger.com,1999:blog-3758330678390419129.post7423022964171693481..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Putin's a Damn MercantilistRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3758330678390419129.post-27334460608317306242009-12-30T10:31:09.805-05:002009-12-30T10:31:09.805-05:00Such simplistic logic does not apply to Russia. Ro...Such simplistic logic does not apply to Russia. Roughly half of Russian GDP comes from oil and gas exports. These are traded in USD, contracts are written in USD. If USD rate goes down against RUB, it's money lost. Russian govt has A LOT of social commitments, especially due to the crisis. So the money lost from exports is the money lost by the people. On the other hand, Russian people do notUnknownhttps://www.blogger.com/profile/05884925998083691034noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-74755807069639177672009-12-30T09:27:26.943-05:002009-12-30T09:27:26.943-05:00Google "Russia," "import ban,"...Google "Russia," "import ban," and "protectionism" to view the extent of Russian protectionism. They've halted Georgian wine, mineral water, vegatables, fruit, American poultry and Australian kangaroo meat. Its all over the internet.M.D. Labeithttp://www.economicpolicyjournal.com/labels/MichaelLabeit.htmlnoreply@blogger.com