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ID: e7qC77sX/pol/507738159#507747839
6/17/2025, 7:32:22 PM
>>507747682
>This growth model has exhausted itself": Maksim Oreshnik, deputy head of the Russian presidential administration,
The second reason for the stagnation is the decline in oil and gas revenues.
Urals oil prices fell to $50–56 per barrel (now, due to the war in the Middle East, they have risen again to $68.5).
The Russian finance ministry has already revised its budget plans, lowering its expectations for oil and gas revenues by 2.6 trillion rubles ($33 billion) and increasing its budget deficit forecast to 3.8 trillion rubles ($48,3 billion).
To compensate for Gazprom's losses, the authorities are discussing a sharp increase in industrial gas tariffs — 10% twice a year, which will lead to higher energy costs for businesses and the population.
To patch up budget holes, the Russian government is increasing the tax burden (raising the income tax rate to 25% and introducing a progressive personal income tax scale for high incomes) and cutting real social expenditure.
Although inflation in Russia slowed to 7.1% in March, it remains high, reducing real income of the population. At the same time, loan defaults are on the rise: in the first quarter of 2025, the volume of problem residential loans at Sberbank grew by 90%, reaching 285 billion rubles ($3,6 billion).
The Russian economy today: reserves are running out, the growth model is not working, and the war is accelerating the decline. Rising tariffs, stagnation, inflation, and growing poverty are the direct consequences of Russia's course in recent years.
>part 2
>This growth model has exhausted itself": Maksim Oreshnik, deputy head of the Russian presidential administration,
The second reason for the stagnation is the decline in oil and gas revenues.
Urals oil prices fell to $50–56 per barrel (now, due to the war in the Middle East, they have risen again to $68.5).
The Russian finance ministry has already revised its budget plans, lowering its expectations for oil and gas revenues by 2.6 trillion rubles ($33 billion) and increasing its budget deficit forecast to 3.8 trillion rubles ($48,3 billion).
To compensate for Gazprom's losses, the authorities are discussing a sharp increase in industrial gas tariffs — 10% twice a year, which will lead to higher energy costs for businesses and the population.
To patch up budget holes, the Russian government is increasing the tax burden (raising the income tax rate to 25% and introducing a progressive personal income tax scale for high incomes) and cutting real social expenditure.
Although inflation in Russia slowed to 7.1% in March, it remains high, reducing real income of the population. At the same time, loan defaults are on the rise: in the first quarter of 2025, the volume of problem residential loans at Sberbank grew by 90%, reaching 285 billion rubles ($3,6 billion).
The Russian economy today: reserves are running out, the growth model is not working, and the war is accelerating the decline. Rising tariffs, stagnation, inflation, and growing poverty are the direct consequences of Russia's course in recent years.
>part 2
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