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Russia's oil and gas revenues have reached an 18-month high, while the production of weapons and military equipment in Russia has increased significantly. Russian retail investors have boosted Moscow's benchmark index to pre-invasion levels, attracting numerous companies to sell shares on the exchange. Russia has added Rbs3.4tn to its budget this year, exacerbating inflationary risks, and highlighting the escalating cost of the war in Ukraine. China's exports to Russia and Central Asia have surged at an annual pace of 40% since Russia invaded Ukraine. Ukraine's defense spending is set to increase to 15.2% of GDP next year, signaling a significant shift in budget allocation for defense.
A new cohort of Russian business elite has emerged to benefit from the void left when international firms suddenly exited following Putin’s invasion of Ukraine https://t.co/ZjcsEx6fhV
Russian price growth is quickening posing a challenge for policymakers https://t.co/hx2KYAYsHM
Russian price growth is quickening posing a challenge for policymakers https://t.co/Zd6dFCNqAA
The cost of stalemate: Ukraine was spending 4-5% of GDP on defense during the 2015-2021 standoff on the frontlines in eastern region - and this was enough just to shoot back. Ukraine will spend on defense 15.2% of GDP next year - not a budget for stalemate, but for a breakthrough
How Russia's export (lhs) and import (rhs) composition has changed since it invaded Ukraine. Exports, which is basically energy, are now mostly to China, Turkey and India. Imports are overwhelmingly from China, though much too much stuff is still going to Russia from the West... https://t.co/mHWp45utcz
China's exports to Russia and Central Asia (red) have been growing at an annual pace of 40% since Russia invaded Ukraine. We haven't seen that kind of growth since right after the 2008 crisis, during which Russia imploded. Beijing is hitching its wagon to Moscow in a big way... https://t.co/RG3cZgOhRC
China's exports to Kyrgyzstan (lhs) are almost as big as its exports to Kazakhstan (rhs), even though Kazakh GDP ($230 bn) is 20 times as big as that of Kyrgyzstan ($12 bn). Why incur additional transport costs of sending stuff to Russia via Bishkek if these goods are legitimate? https://t.co/g7u7NKCBX4
Russia fights its war against Ukraine with much cheaper weapons than what Ukraine has. With readiness to lose manpower, this comes as Russian army's argument. Good news is that Russia's fiscal budget for 2024 is completely unrealistic - even their own central bank says so.
Russia has added at least Rbs3.4tn ($37bn) to its budget for this year, further aggravating inflationary risks in an overheated economy and highlighting the ballooning cost of Vladimir Putin’s war in Ukraine. by @NastyaStognei and yours truly https://t.co/JntVD8ZxS9
Russian retail investors have pushed Moscow’s benchmark index to levels last seen before the county’s invasion of Ukraine. Their money is now luring dozens of companies to sell shares on the exchange https://t.co/0nlBJIypdS
Russian retail investors have pushed Moscow’s benchmark index to levels last seen before the county’s invasion of Ukraine. Their money is now luring dozens of companies to sell shares on the exchange https://t.co/81y377DIFG
Russian retail investors have pushed Moscow’s benchmark index to levels last seen before the county’s invasion of Ukraine. Their money is now luring dozens of companies to sell shares on the exchange https://t.co/3JWt2AYIbG
Dmitry Medvedev stated that the production of weapons and military equipment in Russia has increased many times, and the enemy cannot fail to take this into account. According to him, the capabilities of the Russian military-industrial complex have reached an unprecedented level… https://t.co/ROZheWTHUC
'Russia's army and its weapons factories are sucking in a growing number of workers as Moscow braces itself for a long war in Ukraine, leaving civilian sectors with painful labour shortages and destabilising the broader economy.' https://t.co/c5VjQSrKs4
Russia’s oil and gas revenues hit 18-month high https://t.co/jW3Gxkoqjf