Category: Russian Economy
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Updates (2023-02-17)
The “balloon panic” continue to successfully distract the public from the real issues. Russian supplies of energy to EU managed to bring the prices or natural gas to their pre-war level, around 500-600 USD per 1,000 cubic meters. Russian government is searching for a way to retroactively tax “large” businesses to bring another 300B rubles…
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Conquering of Soledar and Other Updates (2023-01-11)
According to Wagner Group’s owner Evgeniy Prigozhin, Soledar is being fully controlled by his forces. The “Twice Hero of the Russian Federation” was carful in noting that it is his forces, and his forces alone that brought this great victory to Russian war efforts. “Fully controlled” doesn’t mean the fighting is over in Soledar, but…
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Russia Updates
Russian news agency RIA Novosti citing Russian deputy head of Ministry of Foreign Affairs who tells that Russia is planning to continue providing Europe with crude oil via the Druzhba pipeline in the year 2023 in the same quantities as before. This is, by the way, in direct contradiction to the statement of the vice-Premier…
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Updates (Russia)
A blast of the natural gas pipeline in Russia that supplies the Europe via Ukraine is reported to be a result of repair works gone bad. Three workers died as a result. The Gazprom has already assured the supplies to the “unfriendly” countries won’t be affected, as this section is used to provide about 42…
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CEO of “Roskosmos” Dmitriy Rogozin wants more money
I’m triggered. Apparently, after so many failures of “Roskosmos”, what Mr. Rogozin asks for is “at least” 1 trillion rubles (~$60 billion) to prop-up his failures. He talks about the wonderful prospects of the “Zeus” space-tug, which is apparently is low on the budget. How come he launched a major project that doesn’t have enough…
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Too strong of a ruble: Russian CB is buying foreign currency to weaken its own
So the Russian Central Bank, which, as some people in Russia believe, is managed by the people subscribed to the western views on economy, is desperately trying to weaken the ruble which grows uncontrollably strong. The reason is of course the western sanctions that prevent Russia from importing western products, and thus creating the demand…
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