Russian Foreign Minister Lavrov also just announced that he was postponing his trip to Uzbekistan that was supposed to occur October 28-29, the days after the elections.
When I made this thread, in part 2 I began a long explanation about the Eurasian Economic Union & Russia’s deteriorating relationship with many of its member states.
(I think it’s very informative if you’re not familiar)
In it I pointed out that there are 3 countries that provide the majority of Russia’s migrant labor
- Kyrgyzstan
- Tajikistan
- Uzbekistan
But only Kyrgyzstan is part of the Eurasian Economic Union
But in that thread, I discussed many of the things that are happening to all migrants from those 3 countries. It’s bad. Therefore I won’t go into too much detail about in this thread.
Armenia & Kazakhstan, both members of the Eurasian Economic Union recently declared they wouldn’t join BRICS
Which reminds me of another thing to point out. After the February 2022 invasion of Ukraine and the announcement of “partial mobilization” (draft) many Russians fled, particularly young guys in tech (IT).
And one of the countries they fled to was Uzbekistan.
Russia said people working in IT would get waivers, but that didn’t always work out. Russia, per usual, started a campaign of villainizing those who left.
While this was going it appeared that Uzbekistan had opened its arms and welcomed the skilled Russians.
This essentially meant that Uzbekistan could have their own IT industry over night because of Russia’s foolishness.
I haven’t investigated to see how many of the Russians have STAYED in Uzbekistan since then. But, IT professionals have continued to leave.
Some of the new reasons include “losing competencies” as Russia is cut off from the rest of the world standards by:
- getting sanctioned
- Russia banning software
- and/or Russia not investing in staying up to date (BUDGET CUTS!)
Not only that, but Russia is losing some of the few “carrots” they have.
First they changed the IT preferential mortgage requirements to say you had to stay in your approved job for the LIFE of the mortgage AND it couldn’t be in Moscow & St. Petersburg.
There have, per usual been threats to Uzbekistan. But also both the Russian Prime Minister (more recently) and Putin (in May) have made visits to Uzbekistan.
It’s like the abusive spouse that can’t believe that that their significant other has left them when they found the opportunity, and that it MUST have been someone else fault.
Many of the things happening to Russia are an ultimately result of their own actions.
If “the West” happens to realize opportunities exist here where BOTH the abused country and “the West” benefit.
🍿 Why not?
But as you can see, quietly in the background, Russia’s “sphere of influence” is weakening significantly.
We just don’t know if Russia is going to try to do anything in Uzbekistan with respect relationship to the elections.
It’s something to watch
~ The End ~
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You can see some of the specifics on the prices for different parts. They mention that price of the new freight cars is declining because demand is dropping.
The high key rate is making it too expensive to finance the purchases. In addition, metal prices are dropping.
Note: This article was released BEFORE the new 21% Key Rate was announced.
Metal prices are reportedly dropping due to lack of demand.
Last year when Russia experienced an egg shortage, at first the Poultry Union denied there was an egg shortage, or that bird flu had affected Russian industry
This is a long term thing people need to keep their on. I know the trolls like to yell that “nothing ever happens” and Russia makes massive amounts of grain but…
What we’re seeing in a lot of places is a degradation of buffers.
It’s like …🤔…driving your car without insurance…but worse, because you’re also driving around with your check engine light on.
It’s still possible that many of the issues in Russian agriculture are likely solvable BEFORE catastrophe hits IF Russia makes it a priority.
Here is the bottom of the table. As described before, I got some more precise numbers over last week. Also, since BOTH auctions failed, we won’t know what the demand was in those auctions until next week.
This is the second time recently that a variable rate bond failed.