Quote:
Originally Posted by kcdusk
Something that surprises me is. With all the economic sanctions in place against Russia, how is it that they are able to continue to fund the war - but the USA looks to be reducing their spend?
Its almost as if Russia is winning the economic war as well as the war on the ground, which isn't what i expected.
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Deficit spending. Their federal budget went from a 2022 surplus of 1.4 trillion rubles to a 2023 deficit of 2.9 trillion rubles. The forecast 2024 deficit is 1.6 trillion rubles, but that forecast includes selling oil for ~20% more than the $60/bbl cap that's been placed on Ural crude via sanctions.