Russian Economy Collapsing - Oil & Gas Revenues Fall 65% & Russia Posts Net Loss of R1.7 Trillion - Joe Blogs

[TexasTowelie]

RUSSIA's Economy has started to COLLAPSE as the impact of the Sanctions hit home. Russia's OIL & GAS Revenue is down 65% in the first 10 months of 2023 compared with the revenue Russia was earning prior to the invasion of Ukraine. In addition to this huge reduction in income Expenditure is continuing to increase due to the investment in the War, which means that the Russian Economy is now incurring massive LOSSES. In this video I provide more details of the figures and discuss the problems that Russia is now facing.

Chapters:
0:00 Intro
2:16 MINISTRY OF FINANCE
5:04 OIL & GAS REVENUE
7:47 NON OIL & GAS INCOME
10:01 TOTAL REVENUE
12:03 EXPENDITURE
13:17 NET DEFICIT
15:17 SUMMARY & CONCLUSION
22:08 WIN A JOE BLOGS STATUE

[enid602]

1. Ruble

R1.7 trillion is about USD 1.98.

[Think. Again.]

2. It would be a silver lining to this mess if...

...russia's decreased oil revenue translated to that much oil being left in the ground, which would spark the need for more action on building out the non-CO2 energy sector...