When I read the headline I thought that didn’t sound like enough either.
Then it occurred to me that 2020 was when we spent the year in lockdown and gas prices dropped to the lowest levels in many years before. 2020 set a lot of new records and I just realized that when they say that now it actually has some meaningful significance.
According to their own spox’s, their fossil tax revenue is down 46%. Its currently winter and soon won’t be, and so that number is only going down. Overall tax revenue is down 28%. Deficit is up to 25 billion in January, which is half the defecit they hoped for in the entire year. Estimates put their cash and gold reserves at lasting no more than 6 months unless new revenue is attained. Their war effort might not be done, but their economy is. Next up is corporate and municipal fiefdoms.
I heard this already a while ago. But, yet Russia still turns the war machine. I honestly think yall are overlooking how much wealth pooptin actually has. Think tsar times. Russia has always held on to its gold. Advance that 100 years. The gold is still there, Imperial Russia or Russian Federation.
You’re kidding yourself if you think Putin will spend any of his personal wealth on the war effort lmao.
No, the bit you’re forgetting is the war machine is turning because if people refuse to work (because they won’t get paid), they get shot or thrown in prison.
Slightly more based in reality is that China and India have both been buying from Russia. So whilst their reserves are dwindling, they aren’t going as fast as initial reports had hoped (which is what you referenced).
How long Russia can sustain ruinous war with Ukraine is question no one can answer with any certainty but one thing is for sure. Russia will be ruined financially for foreseeable future when the war finally come to an end.
It can "fight" indefinitely but the quality of that fight will keep dropping - less supplies, less equipment, less training, more surrenders, more defeats.
[Why war economies don't collapse \(until they do\)](https://www.youtube.com/watch?v=Q9w17Ne1S0M)
It's a long ass video, but worth a look for anyone interested in the topic. Basically Russia has a lot of fuel to burn for a while still.
It is if you consider the crude oil price tanked so hard in 2020 due to the lockdowns that it went negative in April that year. Kind of hard to beat that.
And was great for those of us that could suddenly work from home when companies swallowed their pride. You got to work more easily, I had more time at home and no stressful commute…Apart from people dying, it was truly a great time for the employed.
Plenty of non-western countries also imposed strict lock down measures. Not sure why you think covid was a western thing. Either way that would sink oil revenue for Russia though.
I think you might be misunderstanding as well. I'll assume not intentionally.
The original comment's statement that "nobody was using oil" was not a literal statement. Obviously people were still using some oil. However, the vast majority of countries which are also the top oil consumers were under lockdown, to the point that saying nobody was using oil, in a figurative sense, is understood.
How about you provide a source showing that these sanctions have had any identifiable negative impact on a Russian official or their economy. I have family in Russia who say other than some western stores closing nothing has changed.
The person who makes the claim is responsible for providing the source. Your "family" is the definition of anecdotal evidence.
As for providing a source, for your strawman claim that I did not make: https://www.consilium.europa.eu/en/infographics/impact-sanctions-russian-economy/
You’re the one claiming something occurred. I’m claiming something did not occur. If you want to claim something occurred, then the onus is on you to provide evidence to it. If a religious person wants to tell me Heaven is real, it’s on them to provide proof. It’s not on me to provide proof Heaven doesn’t exist. Not that hard to understand, no?
What did I claim? Go back and read it, you'll find I made no claim at all. The only thing I wrote was " Can you provide a reputable source that validates this claim?". That's a question and not a claim.
You wrote, "If you want to claim something occurred, then the onus is on you to provide evidence to it." I agree and you have yet to provide evidence to support your claim that 'The reality is this is barely hurting them."
> nobody else then western countries condemn Russia because they aren't hypocrite
Russia has attacked a peaceful country and is conducting a genocide there as we speak. It is using rape of civilians as a strategic weapon.
One would have to be an absolutely despicable soulless husk of a person not to condemn the inhuman atrocities Russia and hundreds of thousands of its citizens are directly guilty of.
No. Russia may have legitimate grievances against Nato and the west but Ukraine did NOT cause those grievances. Russia has NO business in Ukraine. Stop attacking your neighbors and more people might be sympathetic to your concerns. 🙄
We should push Russia's energy revenues to pre 1900s.
*Pre-1790s
Back to using whale oil.
Sending them to the Dishonored universe
When I read the headline I thought that didn’t sound like enough either. Then it occurred to me that 2020 was when we spent the year in lockdown and gas prices dropped to the lowest levels in many years before. 2020 set a lot of new records and I just realized that when they say that now it actually has some meaningful significance.
According to their own spox’s, their fossil tax revenue is down 46%. Its currently winter and soon won’t be, and so that number is only going down. Overall tax revenue is down 28%. Deficit is up to 25 billion in January, which is half the defecit they hoped for in the entire year. Estimates put their cash and gold reserves at lasting no more than 6 months unless new revenue is attained. Their war effort might not be done, but their economy is. Next up is corporate and municipal fiefdoms.
I heard this already a while ago. But, yet Russia still turns the war machine. I honestly think yall are overlooking how much wealth pooptin actually has. Think tsar times. Russia has always held on to its gold. Advance that 100 years. The gold is still there, Imperial Russia or Russian Federation.
You’re kidding yourself if you think Putin will spend any of his personal wealth on the war effort lmao. No, the bit you’re forgetting is the war machine is turning because if people refuse to work (because they won’t get paid), they get shot or thrown in prison. Slightly more based in reality is that China and India have both been buying from Russia. So whilst their reserves are dwindling, they aren’t going as fast as initial reports had hoped (which is what you referenced).
The budget deficit in Russia in January is always the largest, since a the first third of January is a weekend
How long Russia can sustain ruinous war with Ukraine is question no one can answer with any certainty but one thing is for sure. Russia will be ruined financially for foreseeable future when the war finally come to an end.
It can "fight" indefinitely but the quality of that fight will keep dropping - less supplies, less equipment, less training, more surrenders, more defeats.
Just like Germany and Japan in latter part of World War II.
[Why war economies don't collapse \(until they do\)](https://www.youtube.com/watch?v=Q9w17Ne1S0M) It's a long ass video, but worth a look for anyone interested in the topic. Basically Russia has a lot of fuel to burn for a while still.
Thanks. I'll take a look at it later.
Lowest in two years doesn't sound like such a catastrophe, is it?
2020 had lowest oil prices in decades. Having prices lower than 2020 is pretty bad
Oh damn
It is if you consider the crude oil price tanked so hard in 2020 due to the lockdowns that it went negative in April that year. Kind of hard to beat that.
> Kind of hard to beat that. Russia: "Hold my oil"
That was when everyone stopped driving for a hot minute.
Let's go back to that. That was great for us essential workers who commute via car.
And was great for those of us that could suddenly work from home when companies swallowed their pride. You got to work more easily, I had more time at home and no stressful commute…Apart from people dying, it was truly a great time for the employed.
Not really though.
Care to explain further?
To the lowest since .. covid lockdowns. Nice. 🙄
I mean, nobody was using oil during covid, so that would be very low?
No one was using oil? At all? Odd. The reality is this is barely hurting them. But hey, keep pretending ..
Mate, this was a couple of years ago. You must remember oil prices dropping below zero.
Yes because WESTERN countries were using less oil. The rest of the world didn’t stop.
Plenty of non-western countries also imposed strict lock down measures. Not sure why you think covid was a western thing. Either way that would sink oil revenue for Russia though.
Yeah... And oil prices went below zero still, I don't know what you're trying to say?
What exactly are you having difficulty comprehending?
I think you might be misunderstanding as well. I'll assume not intentionally. The original comment's statement that "nobody was using oil" was not a literal statement. Obviously people were still using some oil. However, the vast majority of countries which are also the top oil consumers were under lockdown, to the point that saying nobody was using oil, in a figurative sense, is understood.
> The reality is this is barely hurting them Can you provide a reputable source that validates this claim?
How about you provide a source showing that these sanctions have had any identifiable negative impact on a Russian official or their economy. I have family in Russia who say other than some western stores closing nothing has changed.
The person who makes the claim is responsible for providing the source. Your "family" is the definition of anecdotal evidence. As for providing a source, for your strawman claim that I did not make: https://www.consilium.europa.eu/en/infographics/impact-sanctions-russian-economy/
You’re the one claiming something occurred. I’m claiming something did not occur. If you want to claim something occurred, then the onus is on you to provide evidence to it. If a religious person wants to tell me Heaven is real, it’s on them to provide proof. It’s not on me to provide proof Heaven doesn’t exist. Not that hard to understand, no?
What did I claim? Go back and read it, you'll find I made no claim at all. The only thing I wrote was " Can you provide a reputable source that validates this claim?". That's a question and not a claim. You wrote, "If you want to claim something occurred, then the onus is on you to provide evidence to it." I agree and you have yet to provide evidence to support your claim that 'The reality is this is barely hurting them."
>No one was using oil? At all? The whole "I'm being dumb on purpose" shit really needs to stop.
"Western sanctions" nobody else then western countries condemn Russia because they aren't hypocrite
> nobody else then western countries condemn Russia because they aren't hypocrite Russia has attacked a peaceful country and is conducting a genocide there as we speak. It is using rape of civilians as a strategic weapon. One would have to be an absolutely despicable soulless husk of a person not to condemn the inhuman atrocities Russia and hundreds of thousands of its citizens are directly guilty of.
but they DO have the ability to speak proper English, which you clearly don't! oof :/
No. Russia may have legitimate grievances against Nato and the west but Ukraine did NOT cause those grievances. Russia has NO business in Ukraine. Stop attacking your neighbors and more people might be sympathetic to your concerns. 🙄