In 2022 th they had just launched printer and printed approx 3500 b roubles. Even their central bank openly had listed this on their webpage.Russia has burned through almost half of the liquid reserves in its national wealth fund as it bleeds money amid the war in Ukraine
"The stash of liquid assets in Russia's national wealth fund has fallen over 44% since Moscow invaded Ukraine, according to a Bloomberg report of Russian finance ministry data on Wednesday.
The amount of assets that can be easily liquidated under Russia's National Wellbeing Fund fell from 8.9 trillion rubles, or $100.4 billion, to 5 trillion rubles in the two years from January 2022 — the month before the invasion — to December 2023, according to Bloomberg.
Meanwhile, the national wealth fund's total holdings tumbled 12% over the same period.
The massive slump in the national wealth fund's liquid assets came as its holdings in Russian companies and in infrastructure bonds surged by 2 trillion rubles, per Bloomberg calculations. This suggests the state is using its liquid reserves to support the economy.
Russia's finance ministry also used around 3 trillion rubles from the fund to cover its budget deficit in 2023 after it doubled defense spending in the same period."
The death of 1,000 cuts...
Now, the bleeding begins...
They also had sold a bit from their physical gold reserves and in 2023 th yeah, from savings approx 3000 b roubles...
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While sadly doesn't looks that Putin and his friends will have problems to hire replacement to compensate KIAs, propaganda works well, hiring is done smoothly and not likely Putin will sign any agreement at least till end of this year. Therefore lazy West should increase not delay supplies to Ukr.
When seing West weak and shy, HAMAS and housites already had activated, war in Sudan, junta in Niger, Kim feels like King after had launched sattelite.....
Yemen's sectants are very dangerous: they are impacting approx 15 % of world civil maritime traffic and effect from this on world's economy will be higher than from shit in Gaza and Ukr war together...considerably more.
Iran is happy and Russia too: they will boost up crude oil and LNG prices worldwide, increase ships insurance expenses etc....A lot....also gold and other precious metals prices....at least for some period futures contracts ....
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