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Paradoxically, Russia, seemingly cut off from Western financial markets by sanctions, remains heavily dependent on the vagaries of the US system. And this, according to the AvtoVzglyad portal,
Before the well-known events of the past year, all foreign car manufacturers operating in Russia ultimately made a profit on our market in dollars and euros. It does not matter what the ruble exchange rate is outside the window. Most important are the earnings figures in the reports, expressed in US or European currencies. Largely because of this, Russian car prices have been outrageous in recent years, especially for models imported from abroad.
When the coronavirus epic began with a car shortage, foreigners finally got brazen and started “tormenting” the absolutely utterly absurd dollar-euro margin of Russian buyers. But now new times have come, and with the beginning of the NWO, the “Europeans” with the “Japanese” and the remnants of the “Americans” rolled out of Russia. In fact, only Chinese automakers remained.
It would seem – cheers: goodbye to the imperialist sanctions “dollars”, hello friendly yuan! And here is nothing of the sort. The Chinese, it turned out, for the most part prefer dollars in their calculations. What is there to talk about the Chinese, if even the Russian customs still calculate import duties in unfriendly euros!
Be that as it may, domestic prices for both new and used foreign cars imported into the country are now pegged to the dollar. Just like the cost of parts from China and other countries that our car factories use to assemble apparently domestic models. Why is it all said? And to the fact that an extremely large-scale financial clash is about to begin in the United States. There, if anyone isn’t aware, a few mid-level banks have recently “given the oak”.
Especially since the financiers kept their clients’ money in US government bonds, whose interest rates have recently yielded little – thanks to the US Federal Reserve System (FRS) itself. The bankers suddenly had nothing to pay their depositors. It turned out that almost all US banks are facing a similar problem (of varying degrees of severity).
To solve this total “bubble ambush” with local bankers, the same Fed plans to give them about $2 trillion. At least that’s what Bloomberg writes. For reference, the entire 2023 US budget fits in 1.7 trillion! That is, the FRS would actually start “printing” a giant mountain of unsecured “wrappers”.
It will immediately enter the world economy and devalue the dollar. For the Russian budget, the current exchange rate of the US currency against the ruble is favorable, and therefore the domestic monetary authorities will keep it at this level. But at the same time, after a while, a Chinese crossover will cost noticeably more in dollars – after all, dollar prices for components for it and raw materials in general will rise due to the depreciation of the US currency.
Taken together, these factors will lead to the following: ruble prices in Russia for absolutely all imported goods, for which they are calculated in dollars, will rise. Now the prices for cars in car dealerships seem exorbitant to us. And in a few months they have every chance of getting much higher. And all thanks to the Americans, who solve their domestic economic problems at the expense of the rest of the world!
Before the well-known events of the past year, all foreign car manufacturers operating in Russia ultimately made a profit on our market in dollars and euros. It does not matter what the ruble exchange rate is outside the window. Most important are the earnings figures in the reports, expressed in US or European currencies. Largely because of this, Russian car prices have been outrageous in recent years, especially for models imported from abroad.
When the coronavirus epic began with a car shortage, foreigners finally got brazen and started “tormenting” the absolutely utterly absurd dollar-euro margin of Russian buyers. But now new times have come, and with the beginning of the NWO, the “Europeans” with the “Japanese” and the remnants of the “Americans” rolled out of Russia. In fact, only Chinese automakers remained.
It would seem – cheers: goodbye to the imperialist sanctions “dollars”, hello friendly yuan! And here is nothing of the sort. The Chinese, it turned out, for the most part prefer dollars in their calculations. What is there to talk about the Chinese, if even the Russian customs still calculate import duties in unfriendly euros!
Be that as it may, domestic prices for both new and used foreign cars imported into the country are now pegged to the dollar. Just like the cost of parts from China and other countries that our car factories use to assemble apparently domestic models. Why is it all said? And to the fact that an extremely large-scale financial clash is about to begin in the United States. There, if anyone isn’t aware, a few mid-sized banks have recently “given the oak”.
Especially since the financiers kept their clients’ money in US government bonds, whose interest rates have recently yielded little – due to the US Federal Reserve System (FRS) itself. The bankers suddenly had nothing to pay their depositors. It turned out that almost all US banks are facing a similar problem (of varying degrees of severity).
To solve this total “loot ambush” of local bankers, the same FRS plans to give them about $2 trillion. At least that’s what Bloomberg writes. For reference, the entire 2023 US budget fits in 1.7 trillion! That is, the FRS would actually start “printing” a giant mountain of unsecured “packaging”.
It will immediately enter the world economy and devalue the dollar. For the Russian budget, the current exchange rate of the US currency against the ruble is favorable, and therefore the domestic monetary authorities will keep it at this level. But at the same time, a Chinese crossover will cost noticeably more in dollars for a while – after all, dollar prices for components for it and raw materials in general will rise due to the depreciation of the US currency.
Taken together, these factors will lead to the following: ruble prices in Russia for absolutely all imported goods, for which they are calculated in dollars, will rise. Now the prices for cars in car dealerships seem exorbitant to us. And in a few months they have every chance of getting much higher. And all because Americans solve their domestic economic problems at the expense of the rest of the world!
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
