Russia’s economy and finances are under serious stress due to the Ukraine war. Gazprom’s sales to Europe are down heavily due to sanctions and displacement by LNG sales from the US. Earlier this year, Gazprom sold assets in the North Sea, and Putin just replaced Sergei Shoigu, his Defense Minister, with an economist with no military experience. Even as Russia continues to make gains on the battlefield in Ukraine, she may be unable to prosecute the war to the outcome Putin desires.
what steaming pile of propaganda. Russia's economy is growing faster than ours or most Western ones:
https://www.bloomberg.com/news/articles/2024-04-23/russia-raises-2024-growth-forecast-as-economy-weathers-sanctions
Russia Lifts 2024 Growth Forecast as Economy Rides Sanctions
Economy Ministry says GDP will grow 2.8% in 2024, up from 2.3%
https://www.ft.com/content/21a5be9c-afaa-495f-b7af-cf937093144d
Russia’s economy will expand much more rapidly this year than previously expected, according to the IMF, as President Vladimir Putin’s military spending feeds through into wider growth.
Gross domestic product is forecast to rise 2.6 per cent this year, more than double the pace the IMF predicted as recently as October, and slightly slower than the 3 per cent expansion estimated for 2023.
The Russian upgrade, by 1.5 percentage points, is the largest for any economy featured in an update to the fund’s World Economic Outlook, released on Tuesday.
Huge impact of sanctions. Limited or sub par spare parts.
And Gazprom delisted on Western exchanges. Too bad it was a good stock with nice dividends. But, as he said -Putin.