Foreign Affairs
Related: About this forumRussian National Wealth Fund Collapsing - Joe Blogs
In this video I provide an update on what has happened to Russia's National Wealth Fund since the Invasion of Ukraine using data provided by the Bank of Russia and discuss the impact of the fall in the value of the Ruble.
Chapters:
0:00 Intro
0:55 NATIONAL WEALTH FUND
3:36 LIQUID ASSETS
6:37 BANK OF RUSSIA
9:46 RUBLE
11:26 SUMMARY & CONCLUSION
Lovie777
(15,133 posts)Irish_Dem
(58,788 posts)Putin was desparate.
Losing the Ukraine War and his economy was tanking.
Rigging the US election was his only viable option.
And he took it.
BigmanPigman
(52,340 posts)distributed/rationed due to the economy.
"As President Vladimir Putin doubles down on military spending, Russias economy is curdling, leaving Muscovites feeling the squeeze at the checkout.
Butter a simple staple has turned into a luxury, with prices soaring by almost 30% in 2024 amid galloping inflation and interest rates at 20-year highs. This isnt just theory people are now stealing butter to resell on the black market, and supermarkets have resorted to anti-theft casings typically reserved for caviar or fine whiskey.
Prices are skyrocketing on other basics, too: potatoes are up 56%, eggs are once again in short supply, and the ruble has plunged to a one-year low, further eroding the purchasing power of ordinary Russians."
https://www.themoscowtimes.com/2024/11/21/russias-economy-is-spoiling-as-putin-struggles-to-balance-guns-and-butter-a86958