Western sanctions dealt a serious blow to Russia, despite attempts by a number of experts to argue otherwise.
Despite the statements of a number of experts about Moscow’s ability to effectively circumvent sanctions in the oil and gas sector, the reality looks different. The West managed to deal a heavy blow to the Russian budget, halving its oil and gas revenues. About this in your Telegram channel writes Russian economic analyst and blogger Anatoly Nesmiyan.
“The reality is that the sanctions in their entirety (and the “ceiling” is only part of these sanctions) have significantly undermined the revenue side of the Russian budget,” he writes.
Moreover, against the backdrop of falling revenues, the Kremlin had to sharply cut all items that were focused on the development of the country. Side effects were a sharp increase in inflation and a depreciation of the ruble. Nesmiyan emphasizes that in fact Russia ceases to worry about any future.
“Moreover, with the declared GDP growth in 2024 at more than 2 percent, the Ministry of Finance announced an unprecedented increase in expenditures, but at the same time guaranteed the preservation of social items. This can be achieved in one way – by the most severe reduction of all items that relate to development. And not less severe inflation, which will provide the necessary mass of rubles to implement such a radical budget next year. In fact, Russia stops worrying about any future, working only for the current present. And even then – if it works out. So everything works. And how “, the expert emphasized.
We remind you that employeesGazprom“They began to complain about delays in the payment of wages.
2023-10-29 11:23:00
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