Feb 11 β€’ 13:30 UTC πŸ‡΅πŸ‡± Poland Rzeczpospolita

Russia is returning to the times of the USSR. Fewer goods from abroad

The article discusses how Western sanctions and Kremlin policies are isolating the Russian economy from global markets, leading to a reduction in foreign goods available.

The article highlights the increasingly severe impact of Western sanctions and Kremlin’s 'fortress' policy on Russia's foreign trade, suggesting that these measures are forcing the country back to a state reminiscent of the Soviet era. Analysts note that the economy is becoming progressively isolated, and that Russian imports have sharply declined, resulting in a dramatic shift in trade dynamics. Historically, the availability of foreign products in Russia has diminished, and the public is now finding fewer international goods in stores, reminiscent of the limited selection seen in Soviet times.

The article also examines the changing contribution of exports and imports to Russia's GDP over the years, suggesting that the Kremlin's isolationist policies are leading to a decrease in foreign trade's importance. As more restrictions are implemented, the reliance on imports has decreased, further cementing the idea of a self-sufficient economy, a nod to past Soviet practices. This internal adjustment poses challenges for the everyday consumer, who must cope with rapidly diminishing choices in the marketplace.

Additionally, the Kremlin’s future plans for domestic production indicate a long-term strategy to develop local industries in an effort to substitute foreign goods. This push for increased domestic production coincides with a broader narrative of embracing nationalism and reducing dependence on the West, which, while noble in intent, raises questions about the sustainability and quality of products available to the Russian people. The implications of these policies could have far-reaching effects on Russia's economic landscape and its relations with the rest of the world.

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