RUSSIAN Oil & Gas Revenue Falls 55% & Economy Posts More Losses as Sanctions Crush Russian Economy

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Russia's OIL & GAS Revenue Fell 55% in January 2024 compared with the revenue Russia was earning prior to the invasion of Ukraine. In addition to this huge reduction in income Expenditure is continuing to increase due to the investment in the War, which means that the Russian Economy is now incurring massive LOSSES. In this video I provide more details of the figures and discuss the problems that Russia is now facing.

For specific details please check out the CHAPTER list below.

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Chapters:
0:00 Intro
2:52 RUSSIAN MINISTRY OF FINANCE
4:22 OIL & GAS REVENUE
8:24 NON OIL & GAS INCOME
13:33 TOTAL REVENUE
15:28 EXPENDITURE
17:23 NET PROFIT OR LOSS
19:21 SUMMARY & CONCLUSION

#UKRAINE
#russia
#uk
#pricecap
#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#CHINA
#USA
#NATO
#WW3
#WORLDWAR3

[michaeldendulk]

If the official figures are bad, just imagine what the real figures are like...

[cristo]

If this is what the world is seeing in reality its worse.

[NLTops]

Russia: "You might as well stop the sanctions, they're not working anyway!"
The West: "Wait for it."

[vpilot]

As somebody said (in writing about company reports) bad figures always seem to take longer to add up.

[anzelmasmatutis]

Russians: "Sanctions makes us stronger! .. please remove them!" :P

[kameraadbonesoep]

Maybe Russia could cut back on troll farm expenditure.

[andyhurrell]

I'm not an economist, but I struggle to see how it's good for the Kremlin economy if all the things currently being made in Ruzzia are destined to go up in smoke.

[Lassemalten]

Putin: "You might as well remove the sanctions they don't work" Yeah that's why you asking for it to be removed😉

[ar]

Putin is not only wrecking ukraine...hes wrecking russia....brilliant move, putin.

[thoos]

The ruble has collapsed in value, since the graph is in rubles that needs to be taken into consideration as well. So it is actually worse than what the graph shows

[ivan-Croatian]

Wow, the losses are even bigger than I thought it was. RU will not recover from this invastion for decades to come.

[DonmenDragon]

Thank you Joe and don't worry about the russian trolls. When they say the russian economy is booming they mean that literally :P

[jpa]

Ukraine targeting Russian oil/gas processing and refining plants has done a lot of damage in very little amount of time. The Russian economy is very inflexible. If oil and gas revenue are down by more than 50% then Russia's economy is running entirely on war spending aka deficit spending. Russia has a year at maximum before total economic collapse.

[paulgilbert]

22:14 Ukraine is targeting fraction towers in its drone attacks on refineries. This would explain the fall in petrol/gasoline production.

[timothykiggins]

As always Joe very much appreciate your information!!!!

[hedleythorne]

I could buy my own bike from myself and class it as "revenue"! (And then destroy it) 😅

[MynameisLuk]

If the data they're posting is bad imagine how bad it really is. They spin things to unbelievable BS. I know we sometimes have different perspective on things. But it's like if you'd crash your car and destroy it the Russians would claim it's only a scratch and the damage is only cosmetic. Sure you can put make up on a pig but it's still a pig. It's actually really cringe and embarassing how hard they try to spin things to their advantage...

[katarinaspisiakova]

Joe, have you considered that this "other income" might actually be the Russian welfare fund, i.e. gold that they had amassed previously and are selling now? In fact, the welfare fund total has been halved in 2023. At this rate they would consume it completely by the end of 2024. What comes then is unknown...

[x]

Although the Ukranians are struggling because of shortages of ammunition and hardware they are doing far better in more technical warfare bringind down more and more aircraft. Due to more hi-tech missles and may even be F-16.s being used. Russia is loosing high value aircraft and men. Russia has opened up its own wound which is bleeding out - faster and faster. The Russian people don't seem to care much about their own people dying in the war, but I think they will care when the cost of living escalates further and food becomes unaffordable.

[ph]

@Joe, I'm a long-time subscriber and first I want to praise your magnificent updates. Now, I have a suggestion I hope you'll read and possibly consider mentioning in your next update on RU revenue figures. More specifically I want to mention that part of the increased _Non Oil & Gas Revenue_ is an attempt by Russia to hide the share of revenue that they're earning when selling on the black market. Of course, all in all, Russia has still lost tremendous amounts of revenue from oil & gas. Sill it'd be great that you point out the deceptive and shady methods the Russians use to paint their economy. *— In effect they're attempting to hide this revenue in hopes that it'll take some of the heat and spotlight off this vital income.*