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Cake day: June 21st, 2023

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  • The sanctions applied by the west have been the best thing that could have happened to the Russian economy in decades. Their import substitution policy accelerated and even after the war they will now have competitive industries that wouldn’t have been considered economically viable had Russia continued to buy cheaper goods from the west. I sometimes think the continuation of the war is collusion by the US and Russia to keep both of their economies doing great at the expense of Europe, who are too busy with their hubris to realise they’re getting screwed here.