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“...per Bloomberg”
Thanks for posting the source, and given their track record only makes me think that Russia will soon surpass the West in per-capita income.
Nice move, NEOCONS!
Thanks for posting this!
With the cutoff of gas to Europe - Putin’s own spiteful action in Sept. 2022 - Russia has a $100-120 billion annual revenue “hole” in their budget from income that’s no longer there.
To make up for it, they’ve been drawing down their savings (about $800 billion when the war started), and pretending that everything is still normal with the Russian economy.
But, after a few more years of no Euro gas markets, Russia will be broke ...
Half of US GDP sent to the Ukraine money-laundering operation, up in smoke.
Right… as the US accumulates one trillion dollars of debt every 100 days and is paying 1.6 trillion a year to service the debt. We are screwed..
Thanks for that. I don’t follow Business Insider, since IMHO it’s pretty left-wing most of the time.
It’s uncanny how this works on FR, just a couple of posts below, someone posts about the Russian Economy is growing post-USA sanctions which have only hurt the West, followed up by another post saying Russia is burning thru all its reserves.
The exact same tit for tat happened yesterday over some type of new Russian bomb.
The only thing that would make this trifecta complete is a post from USMCRevMom which where she’s praying for Ukraine and answering her own post 25 times before anyone gets in, followed by someone saying her posts are brought to us by the propaganda ministry of Ukraine.
Russia has everything they need, self sufficient. From Energy to commodities, food to metals….everything the West needs.
Their known natural resources are “ incalculable “. Much written about their “ Siberian powerhouse”…. That said as the US is now passing $$$ 44,000,000,000,000 in debt, unpayable , we all know who goes into default ….it isn’t going to be the Russian Federation.
Does Russia’s “liquid reserves” include Vodka?
Sanctions fail
Russian urals crude: $77 a barrel
Uke attacks on their refineries are driving up world oil prices
https://tradingeconomics.com/commodity/urals-oil
Russian Urals crude oil prices have surged above $77 a barrel, nearing their October peak and following the upward trend of oil benchmarks. China is expected to import a record amount of Russian crude this month, as reported by Bloomberg, while flows to India have decreased. Despite recent attacks on Russian refineries, Russia plans to boost oil exports through its western ports with additional cargoes from Rosneft and Tatneft. In December 2022, the European Union, G7 countries, and Australia imposed a price cap of $60 per barrel on Russian oil to restrict Russia’s funding of military activities in Ukraine.
Has the US ever had a ‘wealth fund’? (not the American way, give me your, tired poor, indebted...
When Trump gets into office, there should be actions taken to lower the price of oil. “Drill baby, drill” will help with that, opening up the oil leases, will also help.
Right now, the sanction are uncomfortable, but tolerable for Russia. Get the price of oil on the global market back down to $40 and the sanctions will start to hurt.
Putin is a not-very-kind real estate investment (Russian Federation) “professional.”
His duty is to keep foreign “realtors,” out.
The Russian method is, to create disruptions - abroad. Stalin was busy, doing that, before, during, and after World War II.
That made Russia the leading state sponsor of terrorism - a status maintained to this day.
Some people think that “Russia is on this side” or “that side” . . . but Russia is on the edge of a thrashing bear claw.
Thus, Russia Today (cum Putin Today in unexpected places), agitating.
What, they are drawing down on SAVINGS?
Russia's selling oil to North Korea, and as of 2021, China is the largest buyer of Russian oil. Russia is also a significant supplier of crude to Belarus, Romania, Bulgaria, and of products to the majority of the post-Soviet States.
Russia’s turn to have “collapsed” again, I see - just with more creative wording this time.
Interesting how this war has been able to continue with it having ended so many times with both sides having “completely collapsed” repeatedly over the past 2 years.
Never mind that Russian Welfare Fund is surplus amount of money while in the US, we’ve got a $34 trillion debt and are paying $1.6 trillion in interest on that debt.
While our country spends trillions it doesn’t really have