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Posted on 03/31/2024 9:23:09 AM PDT by USA-FRANCE
The liquid assets in Russia's national wealth fund fell 44% from January 2022 to December 2023.
Total holdings in the fund tumbled 12% over the same period amid the war in Ukraine, per Bloomberg.
Liquid assets in the fund could last just another year or two if Russia's oil export price falls below $50 a barrel, per Bloomberg Economics.
(Excerpt) Read more at businessinsider.com ...
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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.
And nobody will lend them a dime, either.
Not as long as China exists...And don’t be surprised if Germany wants to restart Nord Stream....when they figure out that climate change BY MAN is a farce.
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.
“...after a few more years of no Euro gas markets, Russia will be broke ...”
But if they take the Ukraine, they will be gaining a tremendous amount of wealth and resources. It’s balance the checkbook and then some. That’s why they aren’t using scorched earth as they need the reources and don’t want to level or bury them.
wy69
“...after a few more years of no Euro gas markets, Russia will be broke ...”
But if they take the Ukraine, they will be gaining a tremendous amount of wealth and resources. It’s balance the checkbook and then some. That’s why they aren’t using scorched earth as they need the reources and don’t want to level or bury them.
wy69
“Half of US GDP sent to the Ukraine money-laundering operation, up in smoke.”
>>>>>>>>>>>>>>>>>>>>>>>>
Thank you for your joke, derived from thin air.
In reality though, 90% of the US aid supposedly sent to Ukraine.. STAYS in America.
“The money goes right to American defense companies that employ American workers to produce the weapons systems that Ukraine is using to fight Russia. Not only that: the money is revitalizing decayed production lines, bringing back institutional knowledge about weapons manufacturing to the fore, and pushing the American defense sector to innovate and modernize old weapons systems.”
WTH Is Ukraine Aid’s Best-Kept Secret? Most of the Money Stays in the U.S. John Ferrari Explains
https://www.aei.org/podcast/wth-is-ukraine-aids-best-kept-secret-most-of-the-money-stays-in-the-u-s-john-ferrari-explains/
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.
So the money goes to monopoly corporations that are in the process of implementing a global totalitarian government.
Thanks for the clarification.
Does Russia’s “liquid reserves” include Vodka?
$120 billion budget deficit you say?
What’s the new budget in the USA again? Locking in $2 TRILLION a year deficits as permanent.
And Ukraine is a basket case. USA taxpayers are paying pensions for Ukrainian retired workers.
So corrupt the whole project Ukraine scam.
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Ridiculous.
Even if the Euros don’t start buying gas again there is a big world out there who will. China and India alone are a huge market.
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