As you might guess, petroleum and petroleum products make up the leading exports from Russia. A mighty sixty three percent are petroleum. This probably begs the question of what economic sanctions are most effective versus a petroleum producers. That actually sounds like another article.
However, what may be of interest is what do they export most after that? A bad guess would be manufactured goods. While their armaments industy goes gangbusters, it is not as if they export a lot of cell phones or computers. According to http://atlas.media.mit.edu/profile/country/rus/ , the second most exported item is technically coal briquettes. Still very much fuel, so what comes after that? Why semi-finished iron of course.
And so it goes. The long list of Russia's exports are natural resources. The fact is that this is an achilles heel, but it remains to be seen how weak of an achilles heel. African nations have dealt with poverty issues stemming from being primarily natural resource rich. Other nations will buy their natural resources cheaply and sell back finished and manufactured goods dearly. So instead of politically based economic sanctions, isn't there a way to use market economics to encourage Russia to be a responsible member of the nation-state community?
Also see:
http://www.businessinsider.com/russians-billions-old-weapons-2014-7?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business+Insider+Select&utm_campaign=BI+Select+%28Tuesday+Thursday%29+2014-07-08&utm_content=emailshare
However, what may be of interest is what do they export most after that? A bad guess would be manufactured goods. While their armaments industy goes gangbusters, it is not as if they export a lot of cell phones or computers. According to http://atlas.media.mit.edu/profile/country/rus/ , the second most exported item is technically coal briquettes. Still very much fuel, so what comes after that? Why semi-finished iron of course.
And so it goes. The long list of Russia's exports are natural resources. The fact is that this is an achilles heel, but it remains to be seen how weak of an achilles heel. African nations have dealt with poverty issues stemming from being primarily natural resource rich. Other nations will buy their natural resources cheaply and sell back finished and manufactured goods dearly. So instead of politically based economic sanctions, isn't there a way to use market economics to encourage Russia to be a responsible member of the nation-state community?
Also see:
http://www.businessinsider.com/russians-billions-old-weapons-2014-7?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business+Insider+Select&utm_campaign=BI+Select+%28Tuesday+Thursday%29+2014-07-08&utm_content=emailshare
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