Topic: Sanctions at work:Russia posts its second highest deficit in the post-Soviet era - page 6. (Read 1713 times)

Russia's long term stability and prosperity should be the ultimate goal to prioritize the welfare of the people and work to find a peaceful solution to this conflict not just the pursuit of power and conquest.

According to official data from the Ministry of Finance of the Russian Federation, in the Russian Federation in 2023 there is a sharp drop in oil and gas revenues compared to the same periods of previous years.

It turned out that the revenues of the Russian state budget in March of this year amounted to only 688.2 billion rubles (for comparison, in March 2022 they were equal to 1.208 trillion rubles).

Representatives of the Ministry of Finance of the Russian Federation published data according to which the average price of Russian Urals oil in March 2023 was $47.85 per barrel, which is 1.86 times lower than in March 2022 ($89.05 per barrel).

It is worth noting that in February this year, the oil and gas revenues of the aggressor state showed an even lower result - 521.2 billion rubles (in February 2022 - 971.7 billion rubles).
There are two main reasons for such a depressing situation in Russia - a protracted war of conquest on the territory of Ukraine and the imposed international sanctions. If the Putin regime continues this war, then by the end of summer, the beginning of autumn, a real catastrophe awaits Russia.

the war lord don't care - the only thing they care is the power and their authority
Nothing has changed in so called sophisticated world - this reminds us of era of changez khan who felt proud in building tower of skull - we dont know how much such deaths we have to see in the days to come

Sanctions have a negative impact on the Russian economy, and Putin said this on March 29 and spoke at a meeting with members of the government. He said that in the medium term, because of them, it could be difficult for Russia and called for "strengthening positive trends" in the Russian economy.
https://www.epravda.com.ua/rus/news/2023/03/29/698569/
https://news.obozrevatel.com/tv/putin-ekonomika-mp4.htm

It’s just that Russia has previously tried to hide the impact of international sanctions, but it’s useless to deny the obvious for a long time. Therefore, no one will admire Putin. On the contrary, he has already become toxic to the international community and even to his former friends. Especially after the International Criminal Court in The Hague issued a warrant for his arrest and Putin became a criminal.

Consequences should already be clear, losing people to a war without any point to it, no requirement or threat exists just hubris backs the reasoning to fight for nothing.   The sanctions are to counter any idea of gain but it would be a loss in any case over just simple honest trade.    A countries greatest asset is always its people in potential and wealth but a dictator will see the commodity wealth as the bargaining tool to manipulate for wealth and the people expendable.  It will always be the country grows poorer when the people are spent and discarded in this way.

If sanctions don't work, then we must congratulate to Putin for being so powerful that the whole world failed to pull his leg and changed his mind
Putin has strong nerves and he managed to maintain his terror on the world

That's a valid point mentioned - every country has their interest to keep good terms with Russia
The main reason is oil and gas.
Every country be it China, India or Turkey - they have their interest.

Yeah.. we believe you.

https://english.alarabiya.net/News/world/2022/12/21/China-buys-record-amount-of-Russian-LNG-oil-and-coal-purchases-also-surge
https://www.aa.com.tr/en/economy/china-is-set-to-become-russias-main-gas-importer-to-replace-eu/2762421

Russian exports to China will rise exponentially in the future, in the form of pipeline gas as well as LNG. Power of Siberia 2 pipeline is under construction and once it becomes operational, almost all the volumes that used to flow to the EU will start flowing eastwards. And China remains the no.1 consumer of Russian crude, and here also the volumes are rising:

https://www.ndtv.com/business/india-vies-with-china-over-russian-crude-prices-rise-3846219
https://economictimes.indiatimes.com/news/international/business/russian-oil-gets-pricier-as-pool-of-buyers-from-india-china-expands/articleshow/98502068.cms

1. The loss of oil and gas income (more than 70% according to official data) has led to the fact that now in Russia ... ATTENTION !!!! Drumroll !!!! RAISE GAS RATES FOR THE POPULATION OF RUSSIA! 
2. An active sale of gold reserves and foreign exchange reserves began. There is a very important clarification here. Sale for example yuan or rupee is IMPOSSIBLE. Neither China nor India allow "their little brother" to exchange their candy wrappers for real currency, because the dollar is critically important to them (China and Indit)! This is by the way to the conversation about "rejection of the dollar"... Therefore, Russia began to sell off the rest of the CURRENCY, i.e. yuan and dollar balances, a significant part of which is blocked by sanctions in Western banks. Which will soon lead to the fact that Russia will become a submissive slave of the yuan.
3. The so-called sovereign reserves of Russia, optimistically, will last until the end of 2023. Further - only manipulations, more precisely, the cessation of manipulations with the ruble and ... wild inflation. Well, or the issue of government bonds ... In the history of the USSR, this was. Then they covered the walls with these bonds and used them instead of toilet paper Because they no longer cost anything, and until the end of the 1970s the great USSR could not produce toilet paper By the way, this is a FACT!
4. Cherry on the cake: China refused to increase Russian gas supplies to China

Not really shocking to be fair, we are talking about nearly all of the world, and mainly richest nations in the world, all stop working with Russia as much as they can. Some still have to work together, because of things they had in place beforehand, but almost no money goes into Russia aside from few nations.

This will of course cause a lot of trouble for them and I believe that if the war goes on a bit longer, they are going to be even worse than the Soviet era as well. I am not saying Mao, let them starve to death levels of bad management, but it is getting there, its going to be worse than Argentina or Venezuela if this goes on for another year or two.

If EU would have delt the situation wisely - they would have been able to manage the problem well.
Everyone turned against Russia - not because they wanted peace in Ukraine but because they wanted to weaken Russia which they tried to do and failed miserably

If you execute criminals, then the ideas of fascism will not die. There were many experiments on people in the USA after the Second World War
https://www.inquirer.com/health/holmesburg-prison-experiments-philadelphia-college-physicians-apology-albert-kligman-20230112.html
Read about the Guantanama prison and the torture of prisoners. You can find a lot of information about this.

It's difficult for me to understand how you associate the Russian economy with restrictions on brokerage houses. The Russian economy has long used the principles of the currency board. Russia was the raw material base for the countries of Europe. The money that the Russian economy received for the sale of resources was mostly sent to US and European banks. This practice has now ended. Politics is changing, big changes are taking place in Russia. Most of the protests are now in Europe, so it seems to me that the European economy can collapse much faster.

It seems that very soon we will see simply in Russia "closing the economy" and "transition to martial law" with all the ensuing consequences - a super-fast movement to third world countries with an extremely negative forecast of prospects. And for decades!

The largest brokerage companies in Russia have sharply tightened the rules for withdrawing currency from client accounts against the backdrop of sanctions against Russian banks that have affected 80% of the Russian financial system.
Since April 3, BCS, the largest non-banking broker in Russia, has set the bar for the minimum transfer of currency to third-party banks at $50,000 and 50,000 euros.
According to Forbes with reference to the press service of the financial group, this step is connected with the decision of the intermediary bank. He changed to the minimum amount of withdrawal of dollars and euros to bank accounts on the brokerage account of BCS Company LLC.
At the same time, from April 3, similar limits were introduced by other brokerage companies, including Finam, ITInvest, Newton Investments (formerly GPB Investments).
As a result, 97% of brokers' clients may be left without the ability to withdraw currency - that's how many, according to the Central Bank, have less than a million rubles in their account, which at the current exchange rate is a little more than $13,000.

https://www.moscowtimes.ru/2023/03/23/krupneishie-brokeri-rezko-ogranichili-vivod-valyuti-pochti-vsem-klientam-a37889

Meanwhile, the Russian economy is falling apart at a very rapid pace, although there is still a margin of safety there. Russia itself is already recognizing the catastrophic situation with the federal budget: as of March 8, government spending was more than twice its revenue (6.3 trillion rubles against 3 trillion). The corresponding figures were announced by Russian Prime Minister Mikhail Mishustin, reporting to the State Duma deputies on the results of the government's work.

Thus, the Russian budget deficit has been steadily growing in recent months: in January it amounted to 1.8 trillion rubles, in February - 2.6 trillion rubles, as of March 21 - 3.7 trillion rubles. And then, apparently, it will be even worse, because, despite the growth of the budget deficit, they plan to continue to increase spending on waging war with Ukraine.

https://news.dialog.ua/270301_1679590038

The war has been going on for more than a year and of course it makes it more difficult for the countries involved, the economic sanctions applied to Russia will certainly have an impact, but I'm sure Russia already has considerations when the invasion of Ukraine includes economic sanctions, Russia can survive because many countries including in Europe are need oil and gas so that russia will recover soon.

As someone who has studied the Nazi Germans who fled to Latin America, I could easily say that there were far more serious crimes committed by Nazis, and they should have spent their entire life in jail, I wouldn't even be against gathering of all those Nazis and put in gas chambers as a revenge, maybe sounds too harsh when you look at it at modern times but when you have 6 million Jews hunted and jailed and murdered by Nazis, I am pretty sure that getting a revenge by going to Latin America or anywhere all around the world to find them and bring them back to Auschwitz and then gassing them wouldn't really be getting any blowback, everyone would have applauded without hesitation.

Let's look at this dispute from a different point of view, namely from the side of the correctness and legitimacy of Ukraine's actions in this war, since we are discussing the effects of sanctions against Russia for the invasion of Ukraine, the occupation of part of its territory and the atrocities that Russians commit against Ukrainians in their country of Ukraine.

Is Ukraine doing something wrong, defending itself against the invasion of Russian tanks and other armored vehicles on its territory and from the daily bombing of its settlements? Or should it not have accepted help from other countries, such as the US, because the US has suspected that this country supplies weapons to other countries, and therefore is, as it were, a warmonger? Write that Ukraine is at war because the United States has provided weapons to Ukraine? It seems to me that you have confused a lot here.

First of all, we must proceed from the fact that Russia attacked Ukraine and destroys its infrastructure and civilians, and not vice versa. The war in Ukraine arose due to Russian military aggression and the availability of weapons provided to Ukraine only affects whether Ukrainians can defend their freedom and independence. Of course, someone would like Russia to seize the territory of Ukraine in a few days, as Putin planned, and a significant part of the Ukrainian nation would be killed and tortured, as Putin and his entourage planned. Russia is a terrorist country, and Putin's regime is criminal. This is an established fact, so the criminals in relation to Ukraine must be punished fairly, including through international courts. And the United States and other states are doing the right thing, helping Ukraine in every possible way to protect itself from aggression. Challenge this fact.

Do you think that these crimes are not documented?
https://bitcointalksearch.org/topic/m.61825995

Remember what many of Hitler's followers said at the Nuremberg Trials. A very famous phrase.
"We were all Hitler's shadow." (C) Joachim von Ribbentrop

The US and NATO countries have supplied a lot of weapons to Ukraine, and now the country is at war. The United States and NATO countries supply weapons to Taiwan. This greatly increases the chances of war. The US is good, the rest are criminals. What kind of courts are you talking about if these courts depend on US influence?

War crimes and crimes against humanity need to be documented in time and correctly so that international courts can then examine the evidence and make decisions on it.

Ukraine has already documented more than 70,000 war crimes of the Russian invaders and invites international experts and judges of international courts to see for themselves the crimes committed and their consequences. Moreover, the Putin regime practically does not hide its crimes and actually recognizes their commission. I don’t know who and how documented the crimes in the wars you mentioned, but Ukraine, as a civilized state, is being attacked by Russian troops who do not adhere to the rules and customs of war, commit massacres of the civilian population of Ukraine, rob and export to Russia any property that bloody hands of Russians, commit mass and almost demonstrative rape, torture and other crimes, which are correctly documented for future trials.

The fact of forced deportation from Ukraine to Russia of more than 16 thousand children, their distribution to special camps or transfer to Russian families is well documented and confirmed by Putin in the media. Therefore, this fact is taken as the first international criminal trial, which will be followed by further ones. It is unlikely that this should be called a banal reason. This is a serious crime of Putin and his entourage, for which they will certainly be held accountable.

International Criminal Court (wherever it is located) is a joke. George Bush Jr caused 2 million deaths in Iraq (including half a million children) and he never faced any prosecution for his crimes. Obama invaded multiple countries and killed hundreds of thousands of people. The most developed country in African continent (Libya) was bombed back to stone age. The ICC never had the balls to issue arrest warrants against people who are responsible for these crimes. And now they want to act against the Russians for some trivial reason.