Good news, Konstantin from INSIDE RUSSIA: Russia’s Defense Giants Near Bankruptcy — Record Net Losses

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1. So on the basis that saving a single large bank at this point is about half of Russia’s remaining money, how much to save a defence giant?

   The dominos are really lining up at this point, Russia couldn’t hope to find enough cash to keep more than a fragment of their economy on some sort of life support.

   Edit: Now I’m actually watching, just beyond grim – biggest oil company in Russia made 3 billion US in 6 months, against debts of 10s of billions and expected to reach insolvency in 2026. No wonder he led with ‘the collapse is here’

   20% reduced tax take year on year in spite of big tax hikes is incredible

   “They went past the point of no return some time ago”

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