Thread by @SmartEconomy

Russia to the bottom - more 🇷🇺oil & gas woes

Among the news about the sanctions against the Russian Federation & their effect, a very interesting and very rashist in spirit slipped through.
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In the West, they could not find $200 billion in reserves of the Central Bank of the Russian Federation. Less than a third of the $300 billion in Russian weapons, which the G7 countries announced to seize back in the spring, was actually found and blocked.
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The estimate of $300 billion of frozen Russian reserves was based on data from the Russian Central Bank itself. In fact, in private discussions with experts & journalists, officials of the relevant Western agencies admit that the term "freezing" is not entirely correct,
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because it has not yet been possible to identify assets of this amount. Financial intelligence is actively working to understand where the remaining $200 billion might be and which Russian institution owns it. This case will become another training ground
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not just for strengthening, but actually for creating & battle-hardening the system of detection, finding, isolation, arrest & transfer of Russian funds to Ukraine. It is good that this work has been started now because the restoration of Ukraine will require system resources
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and there will not be much time to find them.
1. Following Uniper, the German energy company RWE demands that Gazprom compensate for losses due to the lack of gas supply. The company has already initiated proceedings in the arbitration court.
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Thus, RWE became the 2nd concern that appealed to Gazprom with a demand to compensate for losses. Because you can't "just take and turn off the gas." And when Russia refuses to pay, it will get rid of numerous properties abroad.
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2. Putin approved spending cuts on citizens & redirected money to the army, police and FSB. Dictator Putin signed the law on the federal budget for 2023-2025.
According to the plan, oil and gas revenues will decrease by 24% (although this is an optimistic forecast for them).
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This budget includes a sharp reduction in costs to support the economy & a record jump in allocations to internal security structures & special services. Every third ruble will go to the security forces, a quarter of the expenses will be classified.
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3. The budget of the RF in Nov did not receive 90.2 billion rubles of oil & gas revenues to the level of expectations, according to the 🇷🇺 Ministry of Finance.
In general, the Russian Federation received 32% less oil and gas revenues last month than in October.
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The volume of additional oil and gas revenues in November fell almost 4 times compared to October.
4. The number of notifications by creditors about the intention to bankrupt the debtor rose by 2.4 times in October, and by 42% in November.
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Experts associate the increase in the number of notifications with the cancellation of the moratorium on bankruptcy, but in the near future the moratorium will take a second place, & the main reason for the increase will be the deterioration of the economic situation
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and the fall in the purchasing power of Russians.

5. The European Commission has prepared the 9th package of 🇷🇺 sanctions, which may be adopted on Dec 12.
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About 180 items on the list, targeting banks, media and technology, may be agreed at a meeting of EU foreign ministers on Dec. 12.

And it will continue
#rush #sanctions #hardly #hardly #russiamustdie

Rostyslav Pawlenko, Kyiv
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