Szabo wrote:The russians have resorted to using suicide tanks by filling old soviet era tanks with explosives to detonate upon reaching Ukrainian positions.
Thankfully our boys were able to destroy one right in the nick of time but the ensuing explosion is one of the largest to be seen since the start of the war.
guys some numbers, any comment on this ?
"Moscow reserves amount to under $150 Billion, which will be burnt up by the end of the year. "Russian Economy update: 20 June 2023 In the period January to May 2023, the Russian budget deficit has exploded out to $42 Billion, taking the total deficit since the war began, to $82 Billion. Russia released the headline figures, after they tried to convince the world they had a surplus in May 2023. This means the economy is now reliant on it’s reserves, and they have now burnt through more than half the $150 Billion they had in reserves in February 2022. Russia relies primarily on Oil and Gas for it’s income. They reported in April that revenues from oil and gas had fallen by 64% year on year. The subsidies the government paid to oil and gas companies and refineries and oil reverse excise tax, doubled from 38 Billion Rubles to 79 Billion Rubles in April 2023. The dampening mechanism subsidy to oil refineries increased to an eye watering, 107 Billion Rubles from 97 Billion Rubles in March 2023. (These subsidies were introduced to counter the EU and G& bans on crude and refined oil in December 2022 and February 2023 respectively). Russia has been compelled to subsidise the products to encourage sales and keep the refineries and oil wells open. Figures which have been chosen and quite likely manipulated for release are found on the Russian Ministry of Finance website - they have produced an excel spreadsheet detailing what they claim are figures to date. In May 2023 Russia had a turnover of 2.9 Trillion in May 2023, compared with $5.7 Trillion in May 2022, a fall of 49% for the month of May. The accumulated total sales for the year is 8.1 Trillion Jan - May 2023, compared with $16 Trillion for the same period in 2022, a reduction in income of 49%. Looking at the non oil and gas revenues for the year, in April 2023 this amounted to $5.5 Trillion Rubles, compared with 5.2 Trillion in April 2022 (a 5% increase). In May 2023 it was 7 Trillion Rubles, compared with 6.5 Trillion in 2022 (representing a 9% increase on the same Eric’s last year). The accumulated total for the first 5 months of 2023, the turnover was 19.7 Trillion Rubles compared to 19.6 Trillion in 2022 (an increase of 1%). Analysing the income, the assumption that the economy is not doing to bad, as a small increase has been realised in the non-oil and gas revenues - is wrong. This is because the russian economy is reliant on Oil and Gas to sustain the economy. Before the illegal invasion, Oil and Gas made up over 60% of all Russian income. The 49% fall in the primary income source is having a catastrophic impact, hence the current Russian budget deficit of $42 Billion USD, or 3.7 Trillion Rubles deficit, and that is in just the first 5 months. Back in December 2022, the indicted War Criminal boasted that sanctions were not impacting the Russian economy and the regime published a budget forecast for 2023 as a deficit of 2.3 Trillion Rubles for the whole of 2023. It has now exceeded that forecast by 60.8% and there is still 7 months to go in the budget period to the end of 2023. Last year, Russia’s total budget deficit amounted to 3.3 trillion rubles ($47 billion) — or 2.3% of its GDP — making it the second-largest deficit in modern Russian history. This year is going to the highest ever deficit recorded by Russia on record. At the current rate, Russia will have a deficit of over $100 Billion by the end of 2023. But the assumption that the current rate will not escalate is simply wrong! Given the escalating cost of the war for Russia, this conservative estimate is likely to be exceeded vastly by the end of 2023. Expenditure as a result of the murderous War in Ukraine for example: to April 2023, rocketed 26% to 11.2 trillion rubles compared to the same time last year. At the low end of estimates expenditure will surpass 50 Trillion Rubles by the year end.
The current Russian reserves amount to under $150 Billion, which will be burnt up by the end of the year.
- By Pants-of-dog
- By FiveofSwords