Russian invasion of Ukraine

Scottyboi said:
From "The Analyst":

RUSSIA DRAINS ITS FINANCIAL RESERVES

Russia has significantly depleted its reserves during two years of war, particularly in the National Welfare Fund, an accumulation of oil and gas budget windfalls. Over the 2022-2023 period, the available funds in the National Welfare Fund fell 50%, with the Ministry of Finance utilising $57.6 billion out of the initial $113.5 billion to address the budget deficit, in the past year, which stood at 3.2 trillion rubles last year and 3.3 trillion the previous year.
As of January 1, the fund, initially intended for co-financing pensions but stolen by the government to fill budgetary gaps caused by the war, held only $55.9 billion in available cash. Although the Ministry of Finance estimated the total volume of the National Welfare Fund at $133.4 billion, nearly two-thirds of this amount has already been allocated to save state banks, invest in shares of state-owned companies, and fund state projects. According to Oxford Economics economists this effectively means that a significant portion of this money ‘no longer exists,’ with only liquid assets like yuan and gold considered actual reserves for unforeseen circumstances.
That means that other than Russian gold they would have to sell in the international market to raise cash (a sanctioned practice), they have only non-convertible Chinese Yuan, meaning, to China’s inevitable amusement, only they have what Russia wants and can buy and the war continues to aid the Chinese economy.
In ruble terms, these reserves have contracted by 40% over two years, amounting to 5 trillion rubles. Bloomberg Economics economist Alexander Isakov warns that if oil prices drop to $50 a barrel, this reserve will only last for one or two years, rendering Russia highly vulnerable to economic shocks.
Russian banks have started to face bigger problems abroad. Turkish banks and other nations institutions that previously happily traded with Russian banks have now started to shut off that access, because of increased secondary banking sanctions applied by the US. They simply can’t risk being cut off from the dollar or being sanctioned. Getting off the sanctioned list once on it is a nightmare and can take years.
Click to expand...
Getting off the sanction list,should not even be considered until at least...
They are completely out of Ukraine.
Ukraine is part of NATO.
Oh....and a war crimes trial is complete.
Whether that would happen,i have no idea.

Slava Ukraini.
 
News of NATO strategy this week...
worldcrunch.com

NATO Prepares For War With Russia As If Inevitable

Since the conflict in Ukraine, Western military leaders are operating under the assumption that an armed conflict with Vladimir Putin's Russia will eventually happen. Signs of tension are everywhere.
worldcrunch.com worldcrunch.com

And of Russian testing of EW systems in Kalingrad earlier on Thursday:
www.newsweek.com

Map shows NATO territory losing GPS amid Russia electronic warfare drill

Large parts of Poland reported GPS disturbances in the second such incident in the region this month.
www.newsweek.com www.newsweek.com
 
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