this post was submitted on 26 Feb 2025
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"If fiscal expenses remain at their January levels throughout the remainder of the year, the NWF reserves could vanish in just three months. And even if they don’t — as is more likely — 2025 is probably the last year Moscow will be able to fully cover its fiscal deficit by tapping into those savings."

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[–] [email protected] 153 points 2 days ago* (last edited 2 days ago) (13 children)

Short summary:

  • Russia is operating with a budget deficit
  • borrowing from foreign lands is blocked
  • local banks are unable / unwilling to buy more state bonds, as they'd risk insolvency
  • the most liquid part (estimate: about 60%) of the national wealth fund has been used up

Pressing financial issues might be impossible to postpone for longer.

[–] [email protected] 5 points 1 day ago (1 children)

There is always the good old money press.

[–] [email protected] 2 points 4 hours ago

borrowing from foreign lands is blocked.

So, no... There isn't. There's no source of capital to back new rubles, so it would devalue the ruble and drive inflation which is already 20+%.

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