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Russia has enough foreign reserves [1] to fight for decades [2]. An unfortunate fact but if they're willing to fight until they run out of money its going to be
by lesuorac 3y ago
Russia has enough foreign reserves [1] to fight for decades [2]. An unfortunate fact but if they're willing to fight until they run out of money its going to be a while.
[1]: https://www.statista.com/statistics/1188294/monthly-foreign-exchange-reserves-in-russia/#:~:text=International%20reserves%20in%20Russia%20monthly%202021%2D2023&text=As%20of%20May%205%2C%202023,at%20630.5%20billion%20U.S.%20dollars https://www.statista.com/statistics/1188294/monthly-foreign-....
[2]: https://en.wikipedia.org/wiki/Federal_budget_of_Russia#2020-date https://en.wikipedia.org/wiki/Federal_budget_of_Russia#2020-...
- grumple 3y ago600 billion in reserves, much of which they probably can't spend due to sanctions. 84 billion military budget. Sanctions have supposedly frozen about half of their reserves [0]. I expect the situation will continue to worsen for Russia though, in terms of revenues, expenditures, sanctions, and money going missing due to corruption. 0. https://www.reuters.com/article/ukraine-crisis-russia-reserves/sanctions-have-frozen-around-300-bln-of-russian-reserves-finmin-says-idUSL5N2VG0BU https://www.reuters.com/article/ukraine-crisis-russia-reserv...