Russia’s 4th Largest Oil Company Goes Negative, Reporting Deep Losses for Q1 2025
Economy & Business

Russia’s 4th Largest Oil Company Goes Negative, Reporting Deep Losses for Q1 2025

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One of Russia’s most secretive and politically significant oil giants, Surgutneftegas, has reported a staggering net loss of 439.7 billion rubles in the first quarter of 2025—its worst result in decades. Once a symbol of stability and hidden wealth within the Kremlin’s orbit, the company’s reversal is now a warning sign of a deepening crisis across Russia’s energy sector. For comparison, Surgut posted a profit of 268.5 billion rubles in Q1 2024.

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Russia’s Oil Exports Plunge -29% in One Week as Port Loadings Collapse Under New EU Sanctions
Economy & Business

Russia’s Oil Exports Plunge -29% in One Week as Port Loadings Collapse Under New EU Sanctions

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If this week’s Russian oil exports data is an indication, it appears that Ukraine’s allies had the power to turn off Putin’s cash machine all along. Russia’s oil export system is now under severe pressure, with a dramatic -29% weekly drop in crude shipments signaling a new stage in the unraveling of the Kremlin’s war economy.

Russia’s Oil Exports Plunge -29% in One Week as Port Loadings Collapse Under New EU Sanctions Read Post »

Russia’s treasury enters the end game, hemorrhaging $37.5 billion as deficits surge
Istrebin's Economics

Russia’s treasury enters the end game, hemorrhaging $37.5 billion as deficits surge

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Russia’s financial problems are deepening by the day. In just five months, the balance of the state treasury has dropped by 3 trillion rubles (≈$37.5 billion). From the end of December to the end of May, the treasury’s balance fell from 11.5 trillion rubles (≈$143.75 billion) to 8.5 trillion rubles (≈$106.25 billion). The reasons are clear: falling budget revenues and rising war expenditures.

Russia’s treasury enters the end game, hemorrhaging $37.5 billion as deficits surge Read Post »

Russia’s Sovereign Wealth Fund Hollowed Out as Liquid Reserves continue to Collapse
Crisis in Russia, Economy & Business

Russia’s Sovereign Wealth Fund Hollowed Out as Liquid Reserves continue to Collapse

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The month of May saw more hardship for Russia’s National Welfare Fund as the liquid portion decreased by another -$4 billion, leaving $36.1 billion according to state data released today. For the month a total of 29 tons of gold were reportedly sold, leaving 139. In addition, 11 billion Yuan were sold, leaving 153 billion.

Russia’s Sovereign Wealth Fund Hollowed Out as Liquid Reserves continue to Collapse Read Post »

Russia’s Automotive Sector Collapses Again In May, Down Another -28%
Crisis in Russia, Economy & Business

Russia’s Automotive Sector Collapses Again In May, Down Another -28%

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Russia’s automotive industry continues its spiral, with passenger car and light commercial vehicle sales plummeting another -27.5% year-on-year in May 2025, totaling only 98,300 units. This decline continues the downward trend observed in April, where sales dropped by 26%. The Ministry of Industry and Trade attributed the May slump to seasonal factors. However, auto dealers contest this explanation, noting that May typically sees a boost in demand.

Russia’s Automotive Sector Collapses Again In May, Down Another -28% Read Post »

Putin’s oil economy in trouble as Profit at Rosneft falls -57% with production at 9 year low
Crisis in Russia, Economy & Business

Putin’s oil economy in trouble as Profit at Rosneft falls -57% with production at 9 year low

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Russia’s oil sector, long the cornerstone of its economy, faces mounting challenges that threaten to undermine the Kremlin’s financial stability. Recent corporate data reveals significant strain across the industry, with Rosneft’s Q1 2025 results painting a particularly stark picture of the pressures facing Russia’s energy giants. Financial Performance Signals Deepening Crisis Rosneft’s latest quarterly report exposes the depth of the sector’s struggles.

Putin’s oil economy in trouble as Profit at Rosneft falls -57% with production at 9 year low Read Post »

Russia’s 2025 Budget Deficit Triples as Sanctions and Oil Prices Bite
Crisis in Russia, Economy & Business

Russia’s 2025 Budget Deficit Triples as Sanctions and Oil Prices Bite

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One of the clearest signs of strain inside the Kremlin’s war economy has now emerged in the form of a massive revision to Russia’s 2025 federal budget: the deficit is expected to more than triple. Originally projected at 1.17 trillion rubles (roughly $13 billion), it will now reach 3.8 trillion rubles ($42.2 billion), according to documents obtained by Bloomberg and Ukrainian officials. That’s 1.7% of Russia’s GDP — up from just 0.5% in the previous forecast.

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Kremlin Drains the Last of the National Welfare Fund to Bail Out the Banks
Crisis in Russia, Economy & Business

Kremlin Drains the Last of the National Welfare Fund to Bail Out the Banks

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The Russian government has begun offloading what remains of the country’s National Welfare Fund (NWF) to prop up its sanctioned financial sector, confirming this week that Sovcombank received a subordinated deposit of 29.6 billion rubles. The funds are part of a broader government scheme allocating 300 billion rubles from the NWF to four of Russia’s largest banks under the guise of financing the Moscow–St. Petersburg high-speed rail project.

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