Post ASRaSZBApRk3Qg37WS by alasaarela@equel.social
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 (DIR) Post #ASRaSZBApRk3Qg37WS by alasaarela@equel.social
       2023-02-07T13:11:33Z
       
       0 likes, 1 repeats
       
       Latest financial data from Russia: 1. Russia has the highest budget deficit since 1998, when it last became insolvent. The deficit was €23B in January 2023.2. Government income from oil & gas decreased by 46% from Jan 2022. Other tax income shrank by 28%.3. At the same time the budget spending increased by 60% due to the war.4. The deficit will likely increase further in 2023 due to the price caps on Russian energy exports.5. Russia is funding its deficit from the part of its long term "welfare fund" that it still has left after the sanctions and asset freezing, shrinking their remaining reserves rapidly.The good news: #Russia can't keep waging its genocidal #war against #Ukraine forever.