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Russian Disaster as Current Account Falls 73%, Oil & Gas Income Down 45% & Economy Loses $29BN in Q1
RUSSIA's Current Account has Fallen by $51 Billion (73%) in the 3 months to the end of March 2023 and the Economy has COLLAPSED to its Worst Deficit in Russian History. Oil & Gas Revenues are down 45% in Q1 as the impact of the European Union Bans & Price Caps hurt Russian Revenue. In this video I provide more details of the Q1 figures and discuss the problems that Russia is now facing.
Chapters:
0:00 Intro
1:36 GDP
7:01 CURRENT ACCOUNT
10:05 RUBLE
11:57 Q1 INCOME
13:17 OIL & GAS INCOME
14:20 NON OIL & GAS INCOME
15:52 VAT
17:24 INCOME TAX
18:28 EXPENSES
21:13 DEFICIT
22:33 SUMMARY & CONCLUSION
1 replies
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