Erkka MikkoneninAnimal SpiritsThe E.U. wants to abandon Russian energy, but Russia has only increased revenuesThis year, Russia will generate more than ever revenue from its gas and oil production, Bloomberg estimated, at the end of May. According…Nov 30, 2022Nov 30, 2022
Erkka MikkoneninAnimal SpiritsTechnology sanctions push Russia to search for microchips everywhere, even in breast pumpsBreast pumps seem to be the new hit in Kazakhstan. At least, according to Eurostat, their demand from the E.U. soared sixfold in the first…Nov 15, 2022Nov 15, 2022
Erkka MikkoneninAnimal SpiritsHow did Russia stabilize its currency against the odds?Russia’s attack on Ukraine and the following sanctions by the West drop the Russian currency to an all-time low.Sep 29, 2022Sep 29, 2022
Erkka MikkoneninAnimal SpiritsHas the West crushed Russia’s economy? Let the GDP tellWhen Russia began its large-scale attack in Ukraine at the end of February, the Western world announced it would provoke the collapse of…Sep 7, 2022Sep 7, 2022