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Posted on 05/06/2025 4:42:03 AM PDT by marcusmaximus
Russia's oil price in roubles has fallen to a two-year low below the 4,000 rouble per barrel mark and some 40% lower than planned in the federal budget, data showed, piling pressure on the Kremlin, already saddled with a burgeoning budget deficit.
-snip-
According to Reuters calculations, the average price of Russia's mix of Urals and ESPO blends dipped on May 2 to $48.92 per barrel, or 3,987 roubles, which is more than 40% below the 6,726 roubles the government had originally planned for this year.
That's the lowest since May 2023, according to Reuters data.
It is also still well below the recently downgraded government forecast of 5,281 roubles per barrel for the Russian oil blend, used for taxation.
-snip-
The fall in the prices of energy, which account for a third of Russia's federal budget proceeds, prompted the government last week to hike the 2025 budget deficit estimate to 1.7% of gross domestic product from 0.5% for 2025.
The move came after it reduced the energy revenues forecast by 24% due to expectations of a prolonged period of low oil prices.
Russia already hiked state spending on national defence by a quarter in 2025 to 6.3% of gross domestic product (GDP), the highest level since the Cold War, as the country continues its war in Ukraine, now in its fourth year.
(Excerpt) Read more at uk.finance.yahoo.com ...
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Trump induced Saudis to increase OPEC supply, thus lowering the world price of oil, hurting Russia as well as helping ease prices here at home.
It’s time you and your #NeverTrump war pigs stop cheering for Zelensky and war and get behind #47. War isn’t what he ran on and it isn’t what 80 million of us voted for.
Tell Putin to get with the program and accept President Trump 30 day ceasefire.
A lower oil price affects others besides Russia negatively but others aren’t trying to fight a Ukraine invasion war using largely oil sales revenue. At some point does Putin cry Uncle or does some oligarch there engineer his death? Is Putin immune to attempts on his life from within? Or is he still so loved there that no one is trying? I’ve wondered if some of the Russians falling tragically from high story windows were those suspected of plotting against Putin?
Trump induced Saudis to increase OPEC supply, thus lowering the world price of oil, hurting Russia as well as helping ease prices here at home.
*****
And that’s how to stop the Russkie-Ukraine war. Make it so Russia can’t afford to keep fighting. Don’t give crap to Ukraine either.
It’s time you and your #NeverTrump war pigs stop cheering for Zelensky and war and get behind #47. War isn’t what he ran on and it isn’t what 80 million of us voted for.
“War pigs”?
Lol! I bet you’re a big Jane Fonda fan!
Trump is working hard for Peace??
Lots of explosions near Moscow right now.
Shouldn’t you be wearing a tie-dye and protesting in the streets? #FlowerPower
psst, this isn’t America’s war despite what you #NeverTrumps say.
That is a damned shame.
America is under assault by radical Democrats, not Russians.
As I recall, Russia was almost broke when Trump was in last time due to lower than low oil prices. As Mark Levin once said, they are just a third world country propped up by oil.
When oil is cheap, they don’t have the money to start a war.
The Russian Federation could end up spending itself into bankruptcy in support of their war efforts, much as the former Soviet Union was bankrupted by trying to play catch-up with the US when Reagan declared the concept of “Star Wars” defense shield over the nation.
Not the worst outcome for the unpleasantness in Ukraine.
Military Summary Channel
https://youtu.be/MsbmmlIlNKE
Facts on the ground.
ANDDDD. . . with that mindless ejaculation, one of FR's premier spammers and its Zeeper Village Idiot begins another day of being glued to his piss-smelling, dog hair-covered Lay-Z-Boy, blurting out repetitive inanities in between farts!
Go Team Zeep™! Slobbo UrKrayknee!!
lololol :)
All we need now is for someone in Europe to be the first to step up to the plate and purchase American oil. On the day that happens, the war with Ukraine ends.
#GetAHaircutHippie
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