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Official feed of the @AtlanticCouncil's GeoEconomics Center. RTs & likes ≠ endorsements.
Jan 26, 2023 5 tweets 3 min read
🇷🇺 Russia's economy is not sanctions-proof.

Moscow's $47 billion budget deficit in 2022 is one of the highest since the end of the Soviet Union. It has used band-aids to prop up its economy until now.

Learn more in our Global Sanctions Dashboard:
bit.ly/3HydfDX In 2023, as the EU works hard to diversify away from Russian gas, Gazprom is likely to have less revenue, therefore less tax revenue.

How will Russia fill its budget in 2023?⤵️
bit.ly/3HydfDX
Mar 9, 2022 12 tweets 6 min read
The administration signed an Executive Order on #cryptocurrencies, stablecoins, and #CBDCs today. The EO calls for regulation and US leadership on digital currencies. To understand how the US went from silence on these issues to a Presidential directive, follow along...🧵 The EO says: “Over 100 countries are exploring or piloting Central Bank Digital Currencies (CBDCs)”. Explore our CBDC Tracker to see the status of each country and how the US currently lags behind major economies.
atlanticcouncil.org/cbdctracker/
Mar 7, 2022 5 tweets 4 min read
In this special #Russia edition of the Global #Sanctions Dashboard, we walk you through these whirlwind weeks of sanctioning Russian oligarchs and central bank reserves, cutting Russia off #SWIFT, and Russia’s options for sanction-proofing its economy atlanticcouncil.org/blogs/econogra… The US and its allies have targeted Russia’s financial system by freezing the Central Bank of Russia’s assets in their jurisdictions. But where is the CBR’s $630 billion stockpile in reserves located? Check out the breakdown⬇️ atlanticcouncil.org/blogs/econogra…
Mar 1, 2022 4 tweets 2 min read
Trade value between Russia & China was over $110 billion in 2020, increasing tenfold since 2002.

Exactly how deep is this economic relationship? Scroll through this thread for three more critical charts showing the goods that flow between these borders. Russia relies on China primarily for:
➡️electronic equipment
➡️machinery
➡️nuclear reactors.

These made up the bulk of China’s exports to Russia in 2020. In total, China exported over 34 billion USD worth manufacturing goods to Russia in 2020.