A little earlier, I already wrote how Russia drove itself into a stalemate with the ruble.
Russia's problem is that Russia, due to a rather backward economy, is highly dependent on the import of technology, goods and services. To buy all this, you need a huge amount of currency. And the main inflow of currency gives only gas and oil. This creates a paradox:
- a strong ruble is more a game for the public, they say, that's how stable we are. At the same time, import prices should also decrease, but this is not happening. And it won't happen. Because this "stability" is also fake. But at the same time, a severe drawdown of budget revenues begins, which is drawn up and counted in rubles. More expensive than the ruble - the budget will receive less than the ruble, after the sale of foreign exchange earnings. I have already cited data from the Russian budget, which export-dependent income items have decreased and by how much due to the "stability of the ruble."
- real ruble, i.e. cheap - of course, it will make the budget not only not in deficit, but even in surplus! But this means wild inflation, rising prices, falling incomes. The need to receive even more currency, despite the fact that there are no additional sources, and the existing flows are already decreasing, i.e. oil that has fallen under sanctions is bought by China and India at a dumping price of about $40 per barrel, but not $100+ on the market or $70+ as it is budgeted for in Russia!
Although Putin, with his own mouth, voiced the "new economic theory" that the cheap ruble is a net benefit to everyone, and by itself speaks of the stability of the economy
No, I understand that Putin and the company are not idiots, and do not store their stolen wealth in the ruble. Dollar, euro, and of course in European or American banks. But what about 100+ million people? As always, "you have to be patient! you need a breakthrough! There is no money, all the best to you"?