Russia’s budget has become too reliant on oil income to cover expenses, warned economists and said that if crude prices do not rise as anticipated this year, the government may be forced to increase taxes, showed a Reuters report.
#russia #oilpricehike #wion
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34 Comments
These are such crazy times we are living in.
Yahweh hallelujah shalom,God bless Russia,Glory to Russia in jesus mighty name amen,the cause and foundation of the oil price hike is Italy nd France Paris,and America,Napoli,Rome,Taranto,Torino,Sardinia
Everyone needs more than their saIary to be flnanciaIIy stable with this economy. Best thing to do with your money is to lnvest it rightIy because money left for savings aIways end up used with no returns
I feel sorry for Europe countries.
In 2022, Russia received record revenues from the sale of oil and gas)))))
ナニガ⁉️ハジマル
Russia will be bankrupt very soon. Never underestimate USA NATO Australia South Korea Japan Israel.
💪💪💪💪💪💪💪💪💪
I feel sorry for all the putinoids who support war. May God have mercy on your souls.
good luck selling to asia, at a discount and with large transport costs for the most expensive production in the world, and with half your economy at stake
Since Palki left, Wion news is become more and more like its western counterparts. Nothing different.
western media
The EU will have a difficult time replacing Russian diesel when a ban on the country’s seaborne oil products and an accompanying price cap come into force on February 5, Bloomberg reported on Friday. The bloc still relies on Moscow for 40% of imports, according to ship tracking data. While the region’s reliance on Russian petroleum products was reduced last year, in 2021 more than half of all seaborne shipments into the EU and UK were Russian, further illustrating the difficulty of replacing the barrels which will fall under the ban in less than three weeks.
Global natural gas markets will remain unstable for the next several years due to a shortage of supply amid rising demand, Qatar’s energy minister and head of QatarEnergy, Saad Al Kaabi, said at an Atlantic Council conference in Abu Dhabi on Saturday.
According to Al Kaabi, despite the current drop in European gas prices, largely due to mild weather, the region is likely to struggle to refill gas stockpiles for next winter given the lack of supplies from Russia.
“It’s going to be a volatile situation for some time to come. We’re bringing a lot of gas to the market, but it’s not enough… Luckily [the EU] hasn’t had a very high demand for gas due to the warmer weather. The issue is what’s going to happen when they want to replenish their storages this coming year,” he stated, adding that he does not expect any additional gas volumes to enter the market until at least 2027.
Al Kaabi believes that despite the efforts to diversify supplies, European countries will eventually return to Russian gas due to the lack of alternative sources.
Russia has all under control with the best-performing currency in the world for 2022 and is expected for 2023. Europe and the US are in deepening trouble and will crash heavily in 2023.
"this leaves less money for health, education and research" – since when has Putin cared about any of those??
10 months in and RU economy is shrinking fast. Russians think because their dollar is high it means they are fine lmao. China and India buy the Russian oil at HUGE discounts, some allies! haha
Summer is coming comrades..maybe they will confiscate people's money like they did in ww2
Nonsense price cap will never very work
Amarica: iraq needs to freed again. Iraq: no we dont. Amarica: yes you do. Amarica: tonight we come to liberate iraq
Attacking ukraine is not such a good idea after all..👈
Now putin cannot back down afraid of loosing face.🥺
India must use this as an opportunity to help Russia by importing goods and technology including source codes and all that Russia was hesitant to part with earlier, thereby helping itself, too.
Pootin should have known better🤦♂️
PILES OF DEAD BODIES AND HIGHER FUEL PRICES
WHO IS "WINNING" HERE?
PUTIN never asked for such reports from western hypocrites. 👏👍👊
Russia made more money than all other countries and she is selling oils only to friendly countries with market price
Do you think Price Cap affected Russia? The budget surplus and increased in gas and oil sail
CONGRATULATIONS RUSSIAN 👏
😃 Americans dreams
This is Russias last dying breath thanks to Putin. Good bye Russia forever ✌🏾
Russia is the type of place that when their house is being destroyed, instead of leaving or condemning the action, they would rather hide in there bed under the covers and pretend that what's happening isn't happening. Pretend that the noises are something else more pleasing to the imagination. Until eventually that house will crash with them still being inside of it. It's sad to see a whole nation of people that think this way. The outside world understands how horrible this is and they want nothing to do with it but Russians still won't understand until it's too late.
Innovation
5 hour energy
Prices are $78/80
Russia break even is $35
Criminals go free and pacifists get jailed. This is Putin's Russia, the illegitimate mob boss who will bankrupt and cause the breakup of Russia this decade
They should tax their aviation industry… oh wait