Russia has burned through almost half of the liquid reserves in its national wealth fund as it bleeds money amid the war in Ukraine

Business Insider ^

[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.

[Qwapisking]

emphasis on the “CONS” in neocons.

[gundog]

The farce will be maintained, so long as it is profitable.

[Chad C. Mulligan]

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.

Conquer and plunder...do I have it right?

Wonder who they learned that business model from.

[silverleaf]

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.

[Chad C. Mulligan]

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.

Those markets are there now and actively buying. So why haven't they filled in the revenue gap?

[canuck_conservative]

So why haven't they filled in the revenue gap?

Because Russia has very little gas pipeline capacity to China, and none to India

[canuck_conservative]

Their known natural resources are “ incalculable “

So is Africa's ... is Africa a superpower?

[HangThemHigh]

Has the US ever had a ‘wealth fund’? (not the American way, give me your, tired poor, indebted...

[Chad C. Mulligan]

Of course. (Administers dope slap). Can they/will they be able to build a pipeline to China in time? It doesn’t seem even possible to build one to India.

[taxcontrol]

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.

[linMcHlp]

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.

[Hiddigeigei]

Read below:
"Sanctions on Moscow have hurt European economies while Russia's has GROWN - and have only encouraged Putin to form stronger ties with China ......." Daily Mail.

[cgbg]

The folks in Alaska keep poking their heads out their windows and asking....

Is it safe?

Lol.

[canuck_conservative]

Can they/will they be able to build a pipeline to China in time?

Russia is building a large gas pipeline to China now, but it won't be in operation for 3-4 years; even then, it's only a fraction of the 155 billion cubic meters of gas that Russia used to send annually to Europe

That's one of the main reasons Russia wants to end this war soon, by getting Ukraine to surrender ... thus, the furious "surrender campaign" we see on FR

[Baldwin]

What, they are drawing down on SAVINGS?

[aMorePerfectUnion]

Happy to add you to the fun!

Swing by the refreshment table and I’ll introduce you around to other patriots!

[jdsteel]

“Their known natural resources are “ incalculable”

Different subject, but so are ours.

Our idiot politicians just keep them in the ground.

[mass55th]

Financial Times of Mar 13, 2024: "IMF raises Russia growth outlook as war boosts economy. New 2024 forecast of 2.6% rise doubles previous prediction."

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.

[Republican Wildcat]

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.

[Kazan]

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.