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 »