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
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Russia's budget deficit explodes as latest sanctions bite
(snip)
Why it matters: Since Russia's invasion nearly a year ago, Western officials warned that it would take time for the full impact of sanctions to be felt in Moscow. That moment could be drawing closer.
Driving the news: Russia's Ministry of Finance reported that its budget deficit for January exploded to 1.8 trillion rubles or around $25 billion up roughly 14 times from last January's deficit of roughly $2 billion.
(snip)
What they're saying: Janis Kluge, an expert on Russian state finances with German Institute for International and Security Affairs, wrote on Twitter that the deficit is "highly unusual and points to a larger deficit for the full year."
The big picture: The report suggests that recent Western efforts to tighten the screws on Russia may be bearing fruit.
(snip)
https://www.axios.com/2023/02/08/russias-budget-deficit-explodes-as-latest-sanctions-bite
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 773 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (11)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Russia's budget deficit explodes as latest sanctions bite (Original Post)
Uncle Joe
Feb 2023
OP
bahboo
(16,200 posts)1. good...bring the pain...
pandr32
(11,420 posts)2. Good news.
May the citizens become angry and start to revolt.
republianmushroom
(12,802 posts)3. like it
maxsolomon
(32,918 posts)4. Deficits won't bring Putin down anytime soon.
He runs an airtight Police State.