Russia is in serious trouble from within. The core of the economic system is crumbling, under the weight of Putin’s war in Ukraine.
williamconroy1111 on
Bummer
[deleted] on
[deleted]
lankyevilme on
I hope it’s true, but Kiev post wouldn’t be the least biased source to report this.
StedeBonnet1 on
And when Trump gets elected and increases US domestic oil production world oil prices will drop below $50.
BitingArtist on
How can the Russian oligarchs look at what is happening and think they will profit from this? Why not remove Putin politely and be done with this mess? Then fuel exports can return and their wealth will increase.
horrified-expression on
I’ve heard this before. Wake me up when Putin pays an actual price
Horace_The_Mute on
Yeah, hopefully. But at this point it seems that evil defies logic. Why haven’t their economy crumbled by now? How can they afford all this constant failure without loosing?
PointsOutTheUsername on
Old article. Repost from 2 years ago.
schtickshift on
Rename it the Rubble.
XalAtoh on
Putin, just print more Rubles… that will teach the economy.
7thAndGreenhill on
The headline say ones thing and the article another. It seems that the Ruble isn’t currently imploding. But it could based on X, Y, and Z projections.
As long as China, India, and Africa keep buying Russian Oil and goods it seems likely that this prediction of impending Russian economic ruin will be as accurate as the previous predictions.
Belus86 on
Russia is going to adopt the Yuan as their currency by the end of next year and China’s second go of the vassalizing the Rus will be complete without firing a single shot. 2 Nuclear-armed neighbors down, 1 to go.
Leading_Stick_5918 on
Heard it. Didn’t happen. Ruble recovered. Repeat. Tiring. Just win the war already.
crushingwaves on
Look it’s time to march to Moscow
Mr_Piddles on
As much as I want this to be true, and it likely is, I’m not going to take the word of a Ukranian paper on this. There’s a bit of a default implied bias here.
is_this_the_restroom on
By now if it actually happens nobody will even pay attention. USD / Rub unchanged last 6 something months.
49yoCaliforniaGuy on
Keeping in mind that the sanctions aren’t really there to help Ukrainians. The sanctions are there to weaken the Russian economy to such an extent that it can’t go on to try to conquer other countries after Ukraine.
2shayyy on
Let’s go!!!
What’s the opposite of “to the moon?”
hukep on
The ruble is just turning to rubble.
lAljax on
>Saudi Arabia’s recent decision to ignore the OPEC+ target of $100 per barrel, a power move by Riyadh to shake-up smaller oil producers who were selling their oil too cheaply, may drive oil prices to as low as $50 per barrel – something that would represent a disaster for the Russian budget, supported by what Mikhail Mishustin, the current prime minister, recently said: The Russian government should anticipate deficits during the 2025-27 fiscal years.
Instead of having to accept lower oil prices they should push the US to allow more strikes on russian oil infrastructure.
WheresWaldo85 on
It doesn’t matter if their internal economy still produces the goods they need.
fuxvill on
“The Iron Bank will have its due”.
azure_apoptosis on
A lot of people in here openly acknowledging (and dismissing) they don’t understand how currency or foreign exchange works, lol.
Pre-war (US) dollar to Ruble was 1:~65. Since the war, it has truly only increased. Yes, at one point it got as high as 1:120, and came down because the Russian central government used most of their cards. Over 2024? It hasn’t come down past 1:~83-95.
Yeah, anyone who uses the Ruble as their primary currency is definitely feeling that.
djape78 on
dictator is just a word he is no different than any other president,if you brake the law you go to prison, he or they as a country simply have other set of tools then western countries but the ending is the same
Panandpongo on
Please, implode harder Vladdy!
SereneTryptamine on
Steve Hanke has been claiming this for awhile. He may be correct, or not. I haven’t found where he shows his work, but nobody can trust official economic data coming out of Russia.
I think he and a lot of other economists try to make inferences and triangulate a bit, since the Russians can manipulate a few metrics, but not all of them, and not in a way that’s self-consistent.
Hyphen99 on
All these stories keep saying the Russian economy is “about to crash!” or Putin is “seriously ill and about to die!” and here I am years later wishing for both but seeing neither.
Adept-Mulberry-8720 on
Hurry needs to step back, reevaluate their whole stance with Russia vs EU and NATO. You can’t play two hands of cards at the same time. Either be in NATO and EU, make arrangements with gas from somewhere else, cut ties with Russia, reclaim allegiance to the Ukraine Nation and stop fucking up NATO/EU support for the Ukraine OR get out!
Sayakai on
This is the kind of headline where you should open another tab and look it up yourself. It’s trivial to get the actual information.
In summary, the ruble actually is down, but not imploding and only hitting the same low it already hit a year ago.
30 Comments
Russia is in serious trouble from within. The core of the economic system is crumbling, under the weight of Putin’s war in Ukraine.
Bummer
[deleted]
I hope it’s true, but Kiev post wouldn’t be the least biased source to report this.
And when Trump gets elected and increases US domestic oil production world oil prices will drop below $50.
How can the Russian oligarchs look at what is happening and think they will profit from this? Why not remove Putin politely and be done with this mess? Then fuel exports can return and their wealth will increase.
I’ve heard this before. Wake me up when Putin pays an actual price
Yeah, hopefully. But at this point it seems that evil defies logic. Why haven’t their economy crumbled by now? How can they afford all this constant failure without loosing?
Old article. Repost from 2 years ago.
Rename it the Rubble.
Putin, just print more Rubles… that will teach the economy.
The headline say ones thing and the article another. It seems that the Ruble isn’t currently imploding. But it could based on X, Y, and Z projections.
As long as China, India, and Africa keep buying Russian Oil and goods it seems likely that this prediction of impending Russian economic ruin will be as accurate as the previous predictions.
Russia is going to adopt the Yuan as their currency by the end of next year and China’s second go of the vassalizing the Rus will be complete without firing a single shot. 2 Nuclear-armed neighbors down, 1 to go.
Heard it. Didn’t happen. Ruble recovered. Repeat. Tiring. Just win the war already.
Look it’s time to march to Moscow
As much as I want this to be true, and it likely is, I’m not going to take the word of a Ukranian paper on this. There’s a bit of a default implied bias here.
By now if it actually happens nobody will even pay attention. USD / Rub unchanged last 6 something months.
Keeping in mind that the sanctions aren’t really there to help Ukrainians. The sanctions are there to weaken the Russian economy to such an extent that it can’t go on to try to conquer other countries after Ukraine.
Let’s go!!!
What’s the opposite of “to the moon?”
The ruble is just turning to rubble.
>Saudi Arabia’s recent decision to ignore the OPEC+ target of $100 per barrel, a power move by Riyadh to shake-up smaller oil producers who were selling their oil too cheaply, may drive oil prices to as low as $50 per barrel – something that would represent a disaster for the Russian budget, supported by what Mikhail Mishustin, the current prime minister, recently said: The Russian government should anticipate deficits during the 2025-27 fiscal years.
Instead of having to accept lower oil prices they should push the US to allow more strikes on russian oil infrastructure.
It doesn’t matter if their internal economy still produces the goods they need.
“The Iron Bank will have its due”.
A lot of people in here openly acknowledging (and dismissing) they don’t understand how currency or foreign exchange works, lol.
Pre-war (US) dollar to Ruble was 1:~65. Since the war, it has truly only increased. Yes, at one point it got as high as 1:120, and came down because the Russian central government used most of their cards. Over 2024? It hasn’t come down past 1:~83-95.
Yeah, anyone who uses the Ruble as their primary currency is definitely feeling that.
dictator is just a word he is no different than any other president,if you brake the law you go to prison, he or they as a country simply have other set of tools then western countries but the ending is the same
Please, implode harder Vladdy!
Steve Hanke has been claiming this for awhile. He may be correct, or not. I haven’t found where he shows his work, but nobody can trust official economic data coming out of Russia.
I think he and a lot of other economists try to make inferences and triangulate a bit, since the Russians can manipulate a few metrics, but not all of them, and not in a way that’s self-consistent.
All these stories keep saying the Russian economy is “about to crash!” or Putin is “seriously ill and about to die!” and here I am years later wishing for both but seeing neither.
Hurry needs to step back, reevaluate their whole stance with Russia vs EU and NATO. You can’t play two hands of cards at the same time. Either be in NATO and EU, make arrangements with gas from somewhere else, cut ties with Russia, reclaim allegiance to the Ukraine Nation and stop fucking up NATO/EU support for the Ukraine OR get out!
This is the kind of headline where you should open another tab and look it up yourself. It’s trivial to get the actual information.
In summary, the ruble actually is down, but not imploding and only hitting the same low it already hit a year ago.