Russia's state-owned energy firm Gazprom reported an $11 billion loss for the fiscal year 2023. The company faces further financial challenges as the gas transit agreement with Ukraine is set to expire by the end of 2024. The Russian National Welfare Fund, now devoid of euros and holding only yuan, gold, and rubles, saw a decrease in value by 1.5 trillion roubles after 2.9 trillion roubles were transferred to balance the national budget at the end of December. Experts from @x1skv warn that the fund could last only another one to two years if the price of Russia's oil exports falls below $50.
#Russia's National Wellbeing Fund will last only another one to two years if nation's #oil export price declines below $50 , according to @x1skv https://t.co/QGdk2O74L4
The Russian National Welfare fund no longer holds Euros. It also decreased by 1,5 trillion roubles after at the end of December 2,9 trillion roubles were transferred to balance the budget, I don't know how they are calculating this to get only -1,5. https://t.co/xmBHh34BYK
The Ru National Welfare fund no longer holds Euros. It also decreased by after by 1,5 trillion roubles after at the end of December 2,9 trillion roubles were transferred to balance the budget, I don't know how they are calculating this to get only -1,5 https://t.co/xmBHh34BYK
🇷🇺🚨‼️ “There are no euros left in the Russian National Welfare Fund: only yuan, gold and rubles” — Ministry of Finance https://t.co/J1m2ThK5X7
In #Russia, the state-owned energy firm Gazprom has lost $11 billion for the 2023 fiscal year, and is set to lose even more as a gas transit agreement to Europe via Ukraine expires by the end of 2024: https://t.co/oEog9kyBGj