RUSSIAN Oil & Gas Collapses. Sanctions Continue to Reduce Russian Revenue as War Expenditure Soars
0%
Video Summary
Russia’s economy is struggling due to the war in Ukraine, with a significant decrease in oil and gas revenue, down 45% in the first quarter of 2024 compared to 2021. The war effort is being funded by the Kremlin, which has resulted in a huge increase in revenue from non-oil and gas industries, now making up 2/3 of the country’s revenue. However, this is a short-term solution, and if the war ends, these companies will struggle to recover, and the long-term prospects for the Russian economy are negative. Russia’s national reserves are being depleted to fund the war, and at some point, they will run out, making it difficult for the country to continue funding its losses.
(Visited 1 times, 1 visits today)
Related posts:
RUSSIAN Oil & Gas Collapses. Sanctions Continue to Reduce Russian Revenue as War Expenditure Soars
RUSSIA Posts Massive Financial Loss as Oil & Gas Collapses & Expenditure on War in Ukraine Soars
Russia’s “Azerbaijani gas” ploy threatens to unravel EU sanctions on Moscow
RUSSIAN Oil & Gas Revenue Falls 55% & Economy Posts More Losses as Sanctions Crush Russian Economy
RUSSIAN Gas & LNG Revenue Collapses & Sanctions Threaten Future of $10 Billion Arctic LNG 2 Project
RUSSIAN Oil Refineries Shut Down After Drone Attacks as Ukraine Targets Russian Oil & Gas Revenue
Russia’s Arctic fossil fuel boom fuels Ukraine war and climate crisis
Ukraine state-owned enterprises weekly — Issue 152
