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Artur Rehi

@ArturRehi

Sep 11

The discussed cancellation of tourist visas for Russians in the new package of European sanctions has caused a wave of outrage among the so-called Russian opposition. Yulia Navalnaya and her team submitted a petition to Brussels, calling to distinguish between “ordinary
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Russians” and the “regime.” The Russian opposition should have long ago stopped being taken seriously. They are not concerned with the fate of Ukraine and they have no sense of responsibility for what is happening in their own country. The only thing that worries them is
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the loss of the ability to live in Europe and enjoy the benefits of the civilized world. Alexei Navalny, it should be reminded, was not against the occupation of Crimea. In fact, the main regret of the Russian opposition is that it is not they who are in power. They are not
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Read 15 tweets

Artur Rehi

@ArturRehi

Sep 9

The Russian army is facing a gasoline shortage in the occupied regions of Ukraine. About two weeks ago, a shortage of gasoline at gas stations began, and sales to private individuals were restricted. However, the Russian army in these areas often uses civilian gas stations,
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frequently even refueling at its own expense. The reason is constant Ukrainian strikes on logistics. When a fuel truck arrives at the rear, a rush and crowd form, which Ukrainian reconnaissance drones detect and coordinate strikes on. On top of this, there are frequent cases
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of fuel theft and resale on the black market. Resellers take advantage of the gasoline shortage and sell “under the table” for more than 200 rubles per liter, while the usual price at gas stations is 60–70 rubles per liter. The occupation authorities happily integrated into
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Read 10 tweets

Artur Rehi

@ArturRehi

Sep 8

The economic crisis in Russia is worsening. The budget deficit already amounts to 5 trillion rubles for the first seven months of the year, or 3.4% of GDP. This figure is twice the planned value for the entire year, 1.7% of GDP. Today or tomorrow, data for August will be
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published, and the number will be even higher. The main reason is the decline in oil and gas revenues. For the second month in a row, revenues remain at a record minimum of about 500 billion rubles per month, while 1 trillion rubles are needed to cover planned expenditures.
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The problem for Russia is that they have nothing to cover this deficit. There is increasing talk about the need to lower the key interest rate to revive the economy. Proposals are being made to reduce it to 16%. However, lowering the rate never happens without consequences -
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Artur Rehi

@ArturRehi

Sep 4

The Shanghai Cooperation Organization summit has shown that a power capable of posing an economic challenge to the US and the EU has taken shape in the world, and it is directed from Beijing. Putin arrived in China for a four-day visit. Such a long trip by the Russian
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dictator is called, on the one hand, a triumph after his return from Alaska, where US President Trump solemnly welcomed him on the red carpet and did not impose sanctions. On the other hand, relations between Beijing and Moscow are not equal: China benefits from preventing
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rapprochement between Putin and Trump, but Xi also does not want Russia to grow stronger. The SCO is seen as China’s attempt to contain the US in the Indo-Pacific region and as Russia’s response to NATO expansion. However, experts acknowledge that this is not an alliance or
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Read 16 tweets

Artur Rehi

@ArturRehi

Sep 2

Europe once again demonstrates its toothlessness towards Russia. The incident with von der Leyen’s plane is a serious event, where the lives of everyone on board were put at risk. An excellent comment on this matter was written by Former Foreign Minister of Lithuania
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Gabrielius Landsbergis: "Deeply concerned to hear about the deeply concerning GPS interference that diverted @vonderleyen 's flight. Europe stands united in expression of deep concerns and must commit to the deployment of ever-deepening concerns moving forward." Expressing
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deep concern is the main tactic of the EU in times when decisive action is needed. I feel like a parrot repeating the same phrase – a tough response to Russia is needed. It understands only the language of force, and if this force is demonstrated, Russia will retreat. It is
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Read 11 tweets

Artur Rehi

@ArturRehi

Sep 1

Russia’s budget deficit has surged to around ₽5 trillion (about $62.5 billion). That’s 130% of what was planned, and there are still four months left in the year. Another round of inflation is expected this autumn. The central bank’s decision to cut the key interest rate
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in June has triggered a new problem—a sharp increase in household debt. Russian consumers typically lack financial literacy, and in hard times they don’t cut back or save; instead, they live day to day, as if it’s their last, without thinking of the future. It’s the classic
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Russian “avos’” mentality. Once the key rate fell from 21% to 18%, people snapped up new loans without much concern about how they’d repay them later. Everyone irrationally hopes that it’s temporary and will somehow resolve itself. This is all before even accounting for the
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