Posted on Dec 27, 2022
New sanctions starting to bite Russia's economy as Moscow admits deficit impact
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"Russian Finance Minister Anton Siluanov reportedly told journalists Tuesday that an oil price cap imposed by the G-7 (Group of Seven) major economies is squeezing Russian export income and will potentially push Moscow’s budget deficit higher than the expected 2% of GDP next year"
New sanctions starting to bite Russia's economy as Moscow admits deficit impact
Posted from cnbc.com
Russia
Economy
Oil
Finance
Posted 2 y ago
Responses: 2
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I hope this becomes a factor for Putin, Russia, to press for withdrawal and peace talks with Ukraine, but not holding my breath.
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People love money. Stockholders love Profit.
Russia is approaching the same aspects of 1917. And the oligarchs are losing money.
Putin is at a stalemate at best with the War in Ukraine . The Army is Corrupt from top to bottom. Untrained, undisciplined, full of conscripts just wanting to go home . Not a clear path to any meaningful Deciding victory. Whatever Order the Russian Army has isn't enough.
A Nuclear Superpower , Russia is hoping for a brokered peace deal. And simply can't hold its own against Ukrainian forces or Ukrainian people
Whether Putin thought it would be a quick victory or just an exercise to see what degree the Russian Army is capable, he is making the Federation just as tenuous a predicament as those the Czar faced.
Russia is approaching the same aspects of 1917. And the oligarchs are losing money.
Putin is at a stalemate at best with the War in Ukraine . The Army is Corrupt from top to bottom. Untrained, undisciplined, full of conscripts just wanting to go home . Not a clear path to any meaningful Deciding victory. Whatever Order the Russian Army has isn't enough.
A Nuclear Superpower , Russia is hoping for a brokered peace deal. And simply can't hold its own against Ukrainian forces or Ukrainian people
Whether Putin thought it would be a quick victory or just an exercise to see what degree the Russian Army is capable, he is making the Federation just as tenuous a predicament as those the Czar faced.
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