IMHO, that's the key.
Will Russia print money to cover the shortfall?
Perhaps the ruble will end up like the Zimbabwe dollar.
Posted on 04/08/2023 7:52:26 AM PDT by Cronos
The Noose is tightening, what a fake world military power!
Last year Russia had the second largest balance of payments surplus in the world, second only to China. Some noose.
You’ve been saying that for 7 months now.
How is the weather for you in Kazan, Tatarstan, in the Russian federation?
That was last year. The Russians spent it on this senseless war.
The slumping revenues combined with soaring expenditure to push Russia’s federal budget to a deficit of 1.76 trillion roubles ($24.2 billion) in the first month of the year.
IMHO, that's the key.
Will Russia print money to cover the shortfall?
Perhaps the ruble will end up like the Zimbabwe dollar.
Noose is getting wider & deeper! “RUSSIA Gas Disaster as $75 Billion Revenue & Exports Evaporate”
Credit Joe Blogs
Joe Blogs......... now there is a fantastic compiler and reporter.
Many here have ignorantly attacked him because he is misunderstood as being opposed to Free Republic Dogma. They attack the label and totally disregard or lack the intellect to grasp the reality of his message
Joe Bloggs is the best in the international economic news business
It would seem that the devaluation of the Ruble severely lags the withering of the Russian economy
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