Financial problems have begun in Russia, so far imperceptible, but the trend is good, – expert

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Financial problems have begun in Russia, so far imperceptible, but the trend is good - expert

Ukrainians have waited all- the beginning of financial problems in the Kremlin, says the founder of the Borshch recruiting agency, labor market expert Sergei Marchenko.

He wrote that the budget deficit is increasing in Muscovy.

“For comparison : The National Welfare Fund (NWF), from which the shortage of the Russian budget is financed, is only 10.4 trillion rubles. Of these, the vast majority – gold and currencies under sanctions that Muscovy cannot sell.

Liquid assets – Chinese yuan. There are 310 billion of them ($46.5 billion). Another such disastrous month as December 2022, and there will be nothing to cover the budget deficit with the NWF.

Maybe budget revenues will help? Not! The main revenues of the Russian budget – export duties on the sale of oil. At the beginning of the invasion, the export duty on oil was $61.2 per ton. Due to the fall in the price of Russian Urals oil, the export duty for February 2023 is $12.8 per ton.

Russian budget revenues from oil have fallen 5 times! And this is without taking into account the 22% drop in oil sales recorded in December.

Russia will collapse. We will win,” Marchenko wrote.

Prepared by: Nina Petrovich

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