Russia lost 453 billion rubles in just one month — the reasons are known
news.online.ua
Wed, 04 Jun 2025 16:06:42 +0300
The Kremlin is losing more and more money
Such a sharp reduction in Russian liquid assets in a short period of time has its reasons.
First of all, we are talking about a serious increase in spending on the war against Ukraine. The fall in oil prices also played a separate role in this process.
The Russian Ministry of Finance does not even hide the fact that the fund's easily accessible resources have decreased to 2.8 trillion rubles ($35.7 billion) in a month.
De facto, this marks a loss of 453.8 billion rubles ($5.8 billion) that could have been used to finance the budget deficit.
Bloomberg news agency concluded that since the Russian Federation's full-scale invasion of Ukraine in February 2022, the fund's liquid assets have decreased by 68%.
Plans to replenish reserves this year from excess oil and gas revenues have been thwarted by a plunge in crude oil prices caused by US President Donald Trump's trade war.
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