Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Russian Ruble Collapse & Sanctions are Crushing Russian Economy as Oil & Gas Revenues Fall 65% - Joe Blogs
Russia's OIL & GAS Revenue Fell 65% in 2023 compared with the revenue Russia was earning prior to the invasion of Ukraine. In addition to this huge reduction in income Expenditure is continuing to increase due to the investment in the War, which means that the Russian Economy is now incurring massive LOSSES. In this video I provide more details of the figures, discuss the problems that Russia is now facing and estimate how long Russia has at the current rate before it runs out of cash.
Chapters:
0:00 Intro
2:52 RUBLE
5:56 MINISTRY OF FINANCE
7:33 OIL & GAS REVENUE
10:15 NON OIL & GAS INCOME
11:59 TOTAL REVENUE
13:24 EXPENDITURE
14:40 NET DEFICIT
16:31 SUMMARY & CONCLUSION