Posted on 06/27/2025 5:15:16 PM PDT by marcusmaximus
Vladimir Putin has announced plans to scale back military spending after Kremlin officials warned that Russia is “on the brink of recession”.
The Russian leader said he would reduce defence spending “next year and the year after, over the next three-year period” at an economic summit of five post-Soviet states in Minsk on Friday.
Responding to Nato’s plans to raise defence spending to 5 per cent of GDP, Putin said the alliance’s members would spend on “purchases from the USA and on supporting their military-industrial complex”.
“So who is preparing for some kind of aggressive actions? Us or them?” he added.
The comments came after Maxim Reshetnikov, the Russian minister of economic development, last week announced that the country is “on the brink of going into a recession”.
Elvira Nabiullina, the Russian Central Bank governor, also warned that the country’s wartime economic momentum – driven by massive state defence sector spending – was grinding to a halt.
“We grew for two years at a fairly high pace because free resources were activated,” she said. “We need to understand that many of those resources have truly been exhausted.”
Russia’s economy grew by 4.3 per cent in 2024, however, in an effort to kerb rampant inflation, interest rates were held at a staggering 21 per cent since October, before being cut marginally to 20 per cent this month as pressure eased slightly.
(Excerpt) Read more at yahoo.com ...
Armstrong exposed himself to you?
Did it titillate you?
The TeeGaytor noticed all the trolling on the Ukie threads, so he came late to the party and is trying to get some MUGA cred so’s he can troll, too.
What a maroon!
“Armstrong exposed himself to you?”
Nope. But how did you know Armstrong is a flasher? He flashed you?
Amazing what B2 strikes in Iran can do.
They know we have resolve now.
Maybe peace is a smarter strategy
We are On the Brink of Civil War and the Collapse of Nations Worldwide: Martin Armstrong
Martin Armstrong lays out a scenario where the EU disintegrates, the US breaks up into several countries, and civil war erupts
https://youtu.be/uMAK8XNt_Zk?feature=shared
Jamie Dimon called him...
“What a maroon!”
WHAT A MORON¹
October 2024
‘Superforecaster’ says World War III is about to begin and US will ‘collapse by 2032’
Reminder posted elsewhere:
The Bible of oil and gas, The World Statistical Report, published annually for 70 years, was released yesterday.
The key items relevant:
1) Russian gas production increased 7% in 2024
2) Russian oil production did not fall off a cliff as Zeihan has been quoting (to generate speaking fees). It was down a small amount aligned with Saudi Arabia’s small decline in accordance with OPEC+ agreements
3) Russian oil consumption was increased from 3.6mbpd to 3.8 mbpd.
4) UK and Norway both suffered double digit % oil production declines as the North Sea goes empty. Norway down to 1.8 mbpd and UK now sub 1 mbpd
5) US oil consumption was down 18,000 bpd, out of 19 million bpd. Essentially flat.
6) India’s oil consumption +2%, China flat. A surprise for both, though not unheard of. Both have had low growth years and followed with high single digit% growth.
“The Bible of oil and gas, The World Statistical Report, published annually for 70 years, was released yesterday.”
The “World Statistical Report” is not a specific, singular publication. Instead, it refers to various reports and compilations of statistical data released by different international organizations and agencies. These reports cover a wide range of topics, including global energy, health, population, trade, and more.
The key items relevant:
1) Russian gas production increased 7% in 2024
2) Russian oil production did not fall off a cliff as Zeihan has been quoting (to generate speaking fees). It was down a small amount aligned with Saudi Arabia’s small decline in accordance with OPEC+ agreements….
——————
Thanks for posting. Good to see some truth…..looks like the West will be forced to rebuild the Nordstream pipeline they blew up….I love it!
No, not quite.
This is the bible of oil. From BP. It is World Statistical Review of Energy. The other stuff is not relevant and BP doesn’t care about that.
It DOES have a measure of coal and nuclear, too. And renewables. And Lithium. For a time BP announced they were now Beyond Petroleum, but that CEO has been shown the door.
You can download the spreadsheet here. I will lead you through it. https://www.energyinst.org/statistical-review
You go to that page. There are orange links. Ignore the one on the right. Scroll down just a few more lines to another orange link on the left. It has a .pdf icon, but it is .xlsx.
It’s comprehensive. Consumption and production. Country by country.
“No, not quite.”
Not quite?
Yeh, because he’s broke! 😉
The best outcome for both Ukraine and Russia is for Putin to tank the Russian economy and face the consequences.
Review, not report. It’s a spreadsheet to be consulted any time an issue arises. An important item is China’s domestic oil production. It’s substantial at 4ish mbpd. But consumption 4X that.
But our creditors gladly lend to us, and will continue gladly lending to us. They continue to consider us creditworthy.
Whereas Putin's Russia has no friends, no one willing to lend to him.
So, who's really broker?
Regards,
Yeah, who's being more aggressive? The bloodthirsty invader, or the voluntary alliance of free nations attempting to protect and defend itself against him?
Regards,
Isn’t it ironic that you have Russian media reporting this?
That Russia has a smaller share of its GDP under government control than the US?
That you have anti-war protests across Russia? (before you deny such): https://en.m.wikipedia.org/wiki/Anti-war_protests_in_Russia_(2022%E2%80%93present)
That Russia had elections in 2024?
That you can find war and Putin critical chats, comments, stories in Russian media, on their search engine Yandex, on Telegram etc?
Example, TASS which writes about how economic growth predictions are lowered: https://www.google.com/amp/s/tass.com/economy/1947515/amp. But even lowered, these STILL put Russia as .9% growth next year, and not in a recession.
—
PS: this is a story about a danger of a recession, the chance it could happen.
The actual predictions have the Russian economy growing by 1.5% this year and .9% in 2026 (originally expected at 1.2%). That’s even according to our world bank.
A recession is when an economy “contracts” for two consecutive quarters.
You will latch onto anything.
Yes, while I was addressing the illogic of claiming NATO is built upon unwarranted fears then invading a neighboring country. Likewise, Putin defenders here portray him/Russia as the victim while advocating isolationism, and relegate all who oppose Vladinvader to supporting the Left, which is a false dilemma.
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