Vladimir Putin, under threat to sliding oil

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The last strangest strangest strangest stranger in the desired oil prices by Donald Trump’s Commercial War began to run out of war chest.

Moscow’s budget is about one-third of oil and gas – 2.5 percent will be less than expected in 2025 if the gas remains at the current level. This will force the Kremlin to borrow, reduce the expenses without interference or pull the remaining reserves.

After the US President’s Tariff Ads and Opec + Coalition, the average price of the URALS Crude, the main export rate of Russia, an unexpected action by the US president’s tariff ads and OPEC + coalition.

According to the Price Report Agency Agency, on Thursday, Thursday, on Thursday, on Thursday for about $ 50 for about $ 50. Russia planned the budget for 2025 in accordance with the $ 69.70 URAL.

Price drop adds pressure Russian economyIt is expected to slow this year after fueling by the expenses of war. Moscow has already used part of its Sovereign Wealth Fund to support the economy after Putin’s full occupation of Ukraine, and the accessible part of these funds decreases.

Russian officials expressed concern about the decline in oil prices in the confession of economic uncertainty.

“This figure is very important for us in terms of budget revenues … The situation is extremely changeable, tense and emotionally charged,” Kremlin spokesman Dmitry Peskov told reporters to journalists this week.

The landslides also shows how the Russian economy’s economy is effective, despite the fact that the US president’s approach is approaching to Moscow, and the end of the negotiations in Ukraine. Despite the announcement of a 90-day break to the sweeping tariff program on Wednesday, oil is still low this week.

Russia’s Central Bank Elvira Nabiullina said on Tuesday, with the announcement of Trump’s 90-day break, “Generally, we generally lead to the demand for energy,” he warned.

If oil prices are close to current levels, Russia can be equal to 2.5 percent of the trillion rubles this year if the trillion rubles is 2.5 percent of the information provided by Moscow-based Moscow. This will increase GDP growth by 0.5 percentage points.

Again, in the German Institute of International and Security, Russian specialist Janis Kluge, it will take several months to feed the price of oil to budget revenues.

The Russian economy is already working with full capacity, and the government is expected to be fueled by government expenses related to the growth. Official forecasts offer expansion of 4.2.5 percent in 2025 in 2025 in the last two years.

This is unlikely that oil revenues with non-energy sources can cause oil revenues.

As Putin’s full-scale occupation of Ukraine was dragged in the fourth year, the government is due to the reduction of the economy’s cushion.

Since 2020, the liquid part of the Sovereign Wealth Fund of Russia – known as the National Welfare Foundation – lost two-thirds. If the expansion is used to cover a budget deficit, Benjamin Hilgenstock, Macroeconomic Research and the Head of Macroeconomic Research and Strategy at the Kiev Institute of Economics.

“Can the regime make anything else in any important costs but painful cuts?” “Hilgenstock said.

The central bank’s reserves are frozen under Western sanctions that strongly restricted the room for about $ 340 billion and the maneuver.

With the low-running fund of the Welfare Foundation, Moscow can be forced to reduce costs that will increase from the war. Economists warn any cuts, probably will fall into inadequate budget areas such as social costs.

If the price of oil is very low, Russia is probably more tax export companies in the renaissance capital, Oleg Kuzmin, the chief economist, the main economist. “After the regulation of taxes and debt financing, Russia will have to consider spending cuts – it remains an option, but ‘plan’ or ” plan b ”, ” said.

Moscow can also work more in international markets, because the public debt currently stands below 30 percent of GDP, and is low on international standards. But for many foreign investors, Russian bonds remain toxic.

At home, banks were aimed at a loan to the private sector and showed little interest in financing financing, Hilgenstock, said that the Russian economy has a serious restrictions, but a sudden collapse.

“It’s not great for the budget, but not catastrophic,” he said.