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Date: 2024-05-14 Page is: DBtxt003.php txt00025294
RUSSIA
JOE BLOGS ECONOMIC OBSERVATIONS
Joe Blogs: RUSSIAN Economy Collapses to 2.8 TRILLION Ruble Deficit as Oil & Gas Revenues Crash & War Costs Rise
Original article: https://www.youtube.com/watch?v=53fHU3SBzBU
Peter Burgess COMMENTARY

Peter Burgess
RUSSIAN Economy Collapses to 2.8 TRILLION Ruble Deficit as Oil & Gas Revenues Crash & War Costs Rise

Joe Blogs

Sep 2, 2023

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RUSSIA's Economy has COLLAPSED to its Worst Deficit in Russian History after the first seven months of 2023 as Oil & Gas Revenues Crashed & Costs Increased Dramatically. In addition the value of the RUBLE is crashing again despite the recent 350bp increase in Interest Rates. The European Union Ban & Price Cap on CRUDE OIL came into effect on 5th December and the additional Ban & Cap on REFINED Products started on 5th February. In this video I provide more details of the figures and discuss the problems that Russia is now facing. For specific details please check out the CHAPTER list below. Thanks for watching and please LIKE and SUBSCRIBE. If you like this video and are would like to buy me a coffee please click the link below. THANK YOU it is very much appreciated. https://www.buymeacoffee.com/JoeBlogs Chapters:
  • 0:00 Intro
  • 1:56 DEFICIT
  • 7:49 RUSSIAN EXPORTS
  • 13:08 RUSSIAN SPENDING
  • 16:23 RUBLE
  • 20:21 NATIONAL WEALTH FUND
  • 21:27 SUMMARY & CONCLUSION
#UKRAINE #russia #uk #pricecap #GLOBALFINANCIALCRISIS #RUBLE #SWIFT #RECESSION #CHINA #USA #NATO #WW3 #WORLDWAR3


Russian surplus / deficit



Energy economy



Russian national budget



Value of the Ruble



Value of the Ruble ... long time series



Value of the Ruble ... time series for one month



Interest rate in Russia



Russia's sovereign wealth fund



Russia's defence spending



Support for Ukraine by EU and others



Cost of Ukraine war



Support for Ukraine



Support for Ukraine



Oil ... constrained by sanctions and global situation
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