I recommend reading through. The overall picture is very telling.
‼️ Bankruptcies, losses, and optimization of the largest and most important enterprises and banks are happening in Russia.
In 2025, Russians will face a new series of losses and bankruptcies. The reason is not only sanctions restrictions but also growing problems inside Russia.
◾️ Rusal, one of the world's largest aluminum producers, announced the start of production optimization - it will be reduced by 250 thousand tons in the first stage. The company explained the decision of optimization by "record prices for raw materials and high risks of a continued negative macroeconomic environment."
◾️ Major Russian mining and metals company Mechel announced the suspension of one of its enterprises - Olzherasskaya-Novaya mine in Mezhdurechensk. The reason is problems with the sales market.
◾️ Major Russian corporation PJSC Gazprom made a record net loss of $6.1 billion in 2023, becoming Russia's most unprofitable company for the first time in 25 years.
◾️ ALROSA (Russian group of diamond mining companies) reduced its revenue under Russian Accounting Standards (RAS) by 30% and net profit by 3 times in 9 months. The net loss amounted to 6.5 billion rubles ($62,7 million).
◾️ Baltika brewing company is among the top ten most unprofitable companies in Russia in 2024. In 2022, the company's revenue was about 100 billion rubles ($965 million). In 2023, the net loss was 28.1 billion rubles ($271,1 million). The option of filling the budget by nationalizing profitable private enterprises has failed.
◾️ PJSC KAMAZ's net loss for the first nine months of 2024 amounted to 3.8 billion rubles ($36,6 million) against a profit of 15.8 billion rubles ($152,4 million) for the same period last year, according to financial statements published on the company's website.
◾️ AvtoVAZ automobile manufacturing company is talking about possible bankruptcy and debts of over 100 billion rubles ($965 million). This is due to the increase of the Russian key rate.
◾️ Rosneft CEO Igor Sechin is going to classify data on Russian oil exports and the production volumes of Russian refineries ostensibly to protect Russia's national interests from "unfriendly actions" by the USA and other Western countries. In reality, it is to hide the crisis in this field.
◾️ Sanctions were imposed on Gazprombank, the major bank, and fifty other banks. Sanctions were also imposed against the Russian System for Transfer of Financial Messages (SPFS, sort of Russian analog of the international SWIFT messaging system).
‼️ Bankruptcies, losses, and optimization of the largest and most important enterprises and banks are happening in Russia.
In 2025, Russians will face a new series of losses and bankruptcies. The reason is not only sanctions restrictions but also growing problems inside Russia.
◾️ Rusal, one of the world's largest aluminum producers, announced the start of production optimization - it will be reduced by 250 thousand tons in the first stage. The company explained the decision of optimization by "record prices for raw materials and high risks of a continued negative macroeconomic environment."
◾️ Major Russian mining and metals company Mechel announced the suspension of one of its enterprises - Olzherasskaya-Novaya mine in Mezhdurechensk. The reason is problems with the sales market.
◾️ Major Russian corporation PJSC Gazprom made a record net loss of $6.1 billion in 2023, becoming Russia's most unprofitable company for the first time in 25 years.
◾️ ALROSA (Russian group of diamond mining companies) reduced its revenue under Russian Accounting Standards (RAS) by 30% and net profit by 3 times in 9 months. The net loss amounted to 6.5 billion rubles ($62,7 million).
◾️ Baltika brewing company is among the top ten most unprofitable companies in Russia in 2024. In 2022, the company's revenue was about 100 billion rubles ($965 million). In 2023, the net loss was 28.1 billion rubles ($271,1 million). The option of filling the budget by nationalizing profitable private enterprises has failed.
◾️ PJSC KAMAZ's net loss for the first nine months of 2024 amounted to 3.8 billion rubles ($36,6 million) against a profit of 15.8 billion rubles ($152,4 million) for the same period last year, according to financial statements published on the company's website.
◾️ AvtoVAZ automobile manufacturing company is talking about possible bankruptcy and debts of over 100 billion rubles ($965 million). This is due to the increase of the Russian key rate.
◾️ Rosneft CEO Igor Sechin is going to classify data on Russian oil exports and the production volumes of Russian refineries ostensibly to protect Russia's national interests from "unfriendly actions" by the USA and other Western countries. In reality, it is to hide the crisis in this field.
◾️ Sanctions were imposed on Gazprombank, the major bank, and fifty other banks. Sanctions were also imposed against the Russian System for Transfer of Financial Messages (SPFS, sort of Russian analog of the international SWIFT messaging system).
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