To: ANKE69
The Russian debt load is 40 times better than the w
Rest of the world’s developed nations. Hopefully Putin does mot choose to bankrupt his country like the rest of us are.
4 posted on
12/31/2024 4:02:43 AM PST by
Archie Bunker on steroids
(You may not take an interest in politics, but politics takes an interest in you "Pericles" )
To: Archie Bunker on steroids
Since your post is basically positive to Russia you are safe from jonboy spelling and grammar check lol
To your point, Russia has done a good job keeping their debt low compared to the west which I think was your point.
However Putin did that by keeping much of his profits from hydrocarbon sales, and neglecting the infrastructure needs of vast regions of Russian federation.
That strategy is starting to fail. Revenue from sales is way down, inflation is reported around 10%, but in reality I would guess it is much higher, interest rates are 21%+, ruble crashing in value, and the costs, like this debt forgiveness, to maintain this war are skyrocketing.
Will see what their debt situation is down the road
6 posted on
12/31/2024 4:29:00 AM PST by
blitz128
To: Archie Bunker on steroids
$250,000 national debt share for every US tax payer.
7 posted on
12/31/2024 5:00:30 AM PST by
Bobbyvotes
(Congrats to Trump/Vance tea.m. America has been saved. For a while at least. )
To: Archie Bunker on steroids
"Rest of the world’s developed nations.
Hopefully Putin does mot choose to bankrupt his country like the rest of us are." Russia's economy is already a complete wreck:
- Russia's ruble is rubble, having lost over half its value since July 2022 and over 1/4 of its value 12 months ago.
- Russia's inflation rate is well above the official 9%, with estimates as high as 75% for basic commodities since 2019.
- Russia's government spending, approaching 40% of GDP, is nearly double the US, and of that 40%, about 40% is military spending -- meaning roughly 16% of Russia's economy is grinding away producing war materials that are quickly destroyed in Ukraine.
- Russia's total exports and most notably, military exports, are down by over 90% from their peak before 2014.
- Prior to 2022, Putin had accumulated a "war chest" of nearly $1 trillion, of which most (but not all) has been expended.
What's left are rapidly shrinking reserves of gold and other valuable materials. - Russia's Ukraine War losses include:
- ~800,000 casualties including 200,000+ deaths
- 100,000 military vehicles & war equipment destroyed
- Uncounted ammunition, fuel and other necessary supplies consumed or destroyed.
- 2,000,000 Russians escaped Russia to avoid the war's consequences.
- Significant but not yet crippling damage to Russian energy & transportation infrastructure.
How quickly can Russians recover after the war is over?
All depends on the conditions and terms when that happens.
11 posted on
12/31/2024 5:40:18 AM PST by
BroJoeK
(future DDG 134 -- we remember)
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