Gazprom Neft CEO
Istrebin's Economics

Gazprom CEO Sounds Alarm on Looming Russian Energy Crisis

Gazprom Neft CEO Alexander Dyukov Gazprom Neft CEO Alexander Dyukov has confirmed what energy analysts have long suspected: Russia is running out of cheap oil. The country is being forced to tap into so-called “hard-to-recover” reserves— deep, complex, and geologically intractable deposits that require expensive extraction methods, advanced technology, and massive government support.

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Putin
Istrebin's Economics

Russian Economy enters full collapse mode

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I looked at Russia’s 2025 budget figures, and what I found is nothing short of a disaster in the making. The numbers I compiled in the table reveal the harsh reality: Russia is on the brink of financial collapse due to its reckless military spending and collapsing revenue base. Let’s break it down. The 2025 budget plan was for a 5% increase in spending, a total of 42,297 billion rubles. But in the first four months alone, they’ve already spent 15,499 billion rubles — an increase of 21%.

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