4 minutes agoCan Russia weather war in Ukraine, international experts answer
Periskopi(4 years ago)
(4 years ago)International experts have answered the question of how to cope with Russian President Vladimir Putin, the direct and indirect costs of a new war in Ukraine. They stress that the head of the Kremlin has been preparing for years because the reserves of Russia's central bank have so far earmarked $640 billion. This sum continues to [...]
They stress that the head of the Kremlin has been preparing for years because the reserves of Russia's central bank have so far earmarked $640 billion.
This sum continues to rise, thanks to the rise in Russian oil and gas prices on world markets. Russia exports about 5 million barrels of crude oil per day, plus 2.5 million barrels a day of refined oil products, which make up about 10% of the global oil trade.
With crude oil, Brent, which has reached the highest level of eight years in 88.88 dollars per barrel, the amount of Russian profits totals more than $600 million a day.
To escape possible West sanctions, Putin has created new payment processing systems as a replacement for the International Financial Telecommunications Association worldwide, or SWIFT, from which Biden has threatened to cut off relations with Russia.
Russian military spending increased to 90 billion dollars a year since 2013, before the Crimea invasion and reached 60 billion dollars in 2020.
