Russian Oil & Gas Revenue Crashes 46% & Economy Suffers $34 Billion Deficit in February - Joe Blogs

[TexasTowelie]

RUSSIA's Economy has COLLAPSED to its Worst Deficit in Russian History after the first two months of 2023 as Oil & Gas Revenues Crashed & Costs Increased Dramatically in January and February. The European Union Ban & Price Cap on CRUDE OIL came into effect on 5th December however the additional Ban & Cap on REFINED Products did not start until 5th February so the results for February only include a percentage of this impact and are likely to get significantly worse in March. In this video I provide more details of the February figures and discuss the problems that Russia is now facing.

Chapters:
0:00 Intro
1:14 FEBRUARY RESULTS
4:20 OIL & GAS REVENUE
7:21 NON OIL & GAS
8:03 EXPENSES
8:46 DEFICIT
10:03 IMF FORECASTS
12:27 OIL PRICE
16:35 SUMMARY & CONCLUSION

[Phoenix61]

1. That's great news! I seem to recall reading somewhere

that the sanctions hadn't hurt the Russian economy and that Putin had found a work around. Seems not so much.

[Dopers_Greed]

6. That's what Putin is trying to make people believe

And of course, the US mainstream media needs to be "neutral" and show "both sides", so they report in his favor.

[brer cat]

2. Seems like he is on the back side of FAFO.

[Lonestarblue]

3. Theo whole Russian economy needs to tank. Maybe then Putin would be gone.

[niyad]

4. Somebody please finish him already!

[paleotn]

5. Thus, going to Xi hat in hand so to speak.

[Martin68]

7. It's interesting that the USSR was defeated by economic forces, and now Putin is going to suffer

the same fate. If you don't learn from history...