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Wed Feb 8, 2023, 12:37 PM

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

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Reply Russia's budget deficit explodes as latest sanctions bite (Original post)
Uncle Joe Feb 8 OP
bahboo Feb 8 #1
pandr32 Feb 8 #2
republianmushroom Feb 8 #3
maxsolomon Feb 13 #4

Response to Uncle Joe (Original post)

Wed Feb 8, 2023, 01:37 PM

1. good...bring the pain...

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Response to Uncle Joe (Original post)

Wed Feb 8, 2023, 02:14 PM

2. Good news.

May the citizens become angry and start to revolt.

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Response to Uncle Joe (Original post)

Wed Feb 8, 2023, 02:35 PM

3. like it

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Response to Uncle Joe (Original post)

Mon Feb 13, 2023, 03:09 PM

4. Deficits won't bring Putin down anytime soon.

He runs an airtight Police State.

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