In almost 2 years of full-scale war, Russia has spent half the money from the National Welfare Fund (NWF), the main source of resources for a rainy day. At the end of 2023, almost 4 trillion rubles were spent from the National Welfare Fund, and now only 5 trillion remains in its so-called liquid part (savings in currency and gold that are easy to spend if necessary).
As analysts explained, Russia has less money for a rainy day, since in the first half of 2023 Russian oil was trading at a discount compared to other brands, the ruble exchange rate was relatively strong, so the required volumes were not received — and currency from the National Welfare Fund was sold. However, in the summer the situation changed: prices rose, the ruble weakened — and the authorities were finally ready to replenish the money.
“However, after Prigozhin’s rebellion, the dollar exchange rate soared to 100 rubles. And additional demand for currency would have accelerated the devaluation even more, so the National Welfare Fund was not replenished,” the analysts said.
At the same time, due to the need to finance an expensive war —“the items “National Defense” and “National Security” increased by 60% compared to 2021”— budget spending exceeded the legal limit by 3 trillion rubles. In addition, the budget deficit turned out to be higher than expected.
Well, it’s currently raining expensive Russian jets so I’d say the rainy day fund might be tapping out very soon.
Something something 3000
Wait this isn’t NCD
I’d love to see a comparison of manufacturing times for various things pre- and post-invasion
Like how long did it take to build a single su-37 before, and how long would I take now?
If I had to guess, I’d say it takes way longer to replace them nowadays, so basically every jet lost is a virtually permanent (for the purposes of this particular war anyway) loss. They can’t possibly be building them faster than they’ve been getting destroyed.
5 a year. Before the war.
They have old school craftsman style assembly process for their jets. So they’re currently losing them well past the pre-war replacement rate.
you should see all the screws lol
We’ve seen T55s and ZIS-5s on the frontline. I wonder when get to see the first AN-2 in use.
ZIS-5
No fucking way lmao how did I miss that
I haven’t been keeping up but I thought for sure they’d be breaking out the t-34s by now
Didn’t they spot a panzer somewhere recently?
i think ukraine was using one for target practice or something
https://en.wikipedia.org/wiki/Russian_National_Wealth_Fund
One of the fund’s main responsibilities is to support the Russian pension system, and since the closure of the Reserve Fund also funds budget deficits.
Russians might not be too happy if their pension gets slashed or stops showing up.
A few years back, Russia tried effectively reducing what the pension paid out via increasing the retirement age.
https://en.wikipedia.org/wiki/2018_Russian_pension_protests
An intention to hike the national retirement age and the more so a final decision to launch the reform have drastically downed the rating of the president Vladimir Putin and prime minister Dmitry Medvedev in Russia. In July 2018, just 49% would vote for Putin if the presidential elections were held in that moment; during the elections in March, he got 76.7%.[6][7]
Putler successfully navigated the country he is stealing from into being a Chinese colony. Well done, I’m sure now you’ll get the respect from the world you always wanted…
Make it rain
A lot of bad news for Russia on the economic front. The oil price cap being enforced hurts, the wealth fund is down a lot. That is despite 2022 having had record profits. Russia cutting gasoline exports again is also really good news. As is the oil price cap being enforced.
Russia is at 50billion$ left in their fund. That is gone very quickly. Especially with falling oil prices.
No no no! This is yet another sign of the Russian economy booming!
I’m pretty sure Putin said so a couple of weeks ago…
The ruble is fucked. Russia’s entire economy is on a slow bleed.
