Posted on 04/12/2025 3:50:43 AM PDT by marcusmaximus
Russia’s Finance Ministry has faced major setbacks in its efforts to reduce the budget deficit through foreign borrowing.
The collapse in oil prices, fueled by President Donald Trump's trade war, is taking a significant toll on Russia’s economy, leaving a gaping hole in the country's budget without an apparent solution. This issue is highlighted in a blog post by Russian economist Vyacheslav Shiryaev, News.Az reports citing foreign media.
The Finance Ministry is scrambling to fill the budget void as oil revenues plummet, but it faces reluctance from creditors. The latest auction of government bonds (OFZ 26221) was a failure, with only 6.8 billion ($82 million) rubles in sales.
To adhere to its borrowing plan of 1.3 trillion rubles per quarter, the ministry needs to sell 100 billion rubles ($1.2 billion) in bonds at each auction. The previous auction was also unsuccessful, garnering only 33 billion rubles ($400 million), well short of the target, but this is the first time the shortfall has been so pronounced—by 15 times.
Investors demand higher returns for the perceived risks, doubting the budget's future ability to honor debits. Meanwhile, foreign buyers have retreated in the wake of failed negotiations with Trump.
(Excerpt) Read more at news.az ...
He is using tariffs to put the U.S. in a position of dominant leverage where the rest of the world can’t easily push back or escape the pressure.
He is also making it difficult for Russia to continue their was in Ukraine.
I have always thought that the end of this war will come from within Russia, much like the collapse of the Soviet Union did.
Putin has to keep it going, failure means an end to his power, and perhaps his life.
The much discussed ability of Russians to sustain suffering is well known, but they don’t suffer loss well
The fall of the Soviet Union was predicated on dissatisfaction with the war in Afghanistan, far less than what the last 3 years have wrought, but even more, as it affected all of Russia, was the economic collapse caused by crash of petro revenue
As we all know by now Putin knows his “history”, not just in relation to 1991, but also to former leaders who failed the Russian people.
I posted about the effect on the Russian economy of Trump’s $50 Russian crude last week and was given the “Putin stooge” treatment by a bunch of slap happy Zeepers. I assume the same dupes will be high fiving you.
“Facts”, got it
Russia is doing just great, as to Ukraine and mobilization and martial law you might want to take the blinders off and take a peak at Russia.
3+ years into this war(only to just under 4 years to defeat NAZI germany), and has not even taken the Donbas, putin is conscripting 160,000, and Russia has always been in a perpetual state of undeclared martial law. If you disagree I suggest you go to red square and use the word “war”
😂 🤡
For a slightly different viewpoint
https://m.youtube.com/watch?v=wxTPs4sg2lw
Good. Trump said he’d end it first day. First 100 is fine with me.
Russia has virtually no debt…
Let that sink in before believing articles about Russian financial woes.
Ahh. One of the “Short Bus” Ukie group got upgraded phone.
Emoji’s use now. Welcome to the 21st Century.
🤡🐸
Trump 🇺🇸
Way behind the curve like 🍈😂
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