re: Russia Unveils New Main Battle Tank, Among Other Things

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Vito Andolini

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Your link is wrong. It says they could be forecasted to have a 3.5% economic growth, but if you will look at my earlier link their economy actually shrank by ~2-4%. It is foreign reserves have dropped by a 1/3rd and are expected to drop by another another 1/3rd by the end of the year. All the reports that russia was recovering was based on Putin's and the governments posturing and those were proven to be false when the 1st quarter numbers were reported.

Here is even more evidence that Russia is too broke to afford its rearmament program.

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Russian Prime Minister Dmitry Medvedev said Russia's economy shrank by 2% in the first three months of this year, the first contraction since 2009.

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The country's central bank has predicted the economy could shrink by up to 4% this year if oil stays at about $50 a barrel.

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LINK

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Russia is still using up foreign reserves rather quickly: by mid April they were at $350 billion, the lowest level since the spring of 2007.

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LINK