Russia is on pace to run out of financial reserves by this fall, which would cripple war efforts, economist says

https://finance.yahoo.com/news/russia-pace-run-financial-reserves-043902503.html

by Snowfish52

11 comments

  1. Exactly what Ukraine and the west were hoping for, with massive sanctions on Russia and the lack of oil and gas to sell to the west. Putin will run out of money to finance his personal senseless war with Ukraine.

  3. Fingers crossed but we have been hearing this for 2 years now.

  4. I wouldn’t be surprised to see Putin round up oligarchs under trumped up charges and confiscate everything he can. It would also take out a lot of potential usurpers. 

  6. I’ll believe this when I see it playing out in real time. They’ve been saying this shit since day 1. Slava Ukrayiny. 🇺🇦

  7. That’s a long time with Trump and Musk rushing to the rescue.

  8. It’s OK, Trump and his lackeys will do something to help.

    /s

  9. As much as we want them to be bankrupt by now, let’s not get our hopes up too much. Article from ONE economist mentions its “liquid” reserves have fallen to 31B from 117B in about 3 years. So using up about 28B per year of their liquid reserve. If we look at just their gold reserves, it’s sitting at 200B. A lot of non western friendly nations would gladly trade currency for some of that hard assets which would mean they could still finance their war for a long time.

    No, the only way to stop this war is the entire Kremlin needs to be blown up and hopefully whomever rises from those ashes has a little more sanity when rebuilding their country. Also, they can’t use up all their reserves. Reparations needs to be made.

  10. Seriously, Trump is an idiot if he stops the war. He could score a huge victory by causing the second collapse of Russia because of a war-mongering dictator.

    But Trump is stupid and likes dictators. So who knows what happens.

  11. Haven’t we been hearing this since 2022? I’m all for seeing the sun set on Poo-tins regime, but since 2022 certain outlets would lead you to believe that Russia is constantly about to implode in itself after just one dodgy weekend on the vodka.

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