Ukraine

Russias economy is failing.



laymans terms-

they cant sell bonds ( they placed only 5/100 of target !!!! FIVE ONE HUNDRETHS ) to borrow and fund govt spending. Inflation is around 9-10% ( some think higher ) and targeted to be around 15% by years end and interest rate is 20% - they cant raise taxes ( to get the funding ) on Russians without repercussions domestically, their Sovereign Wealth Fund is dwindling, Ruble exchange rate keeps dropping vs USD/YUAN/EURO ...

so the only answer, as of now, is to PRINT MORE MONEY. Which would lead to hyperinflation

couple all this with Ukraine targeting refineries ( again ) which, at this point, is their one major money making EXPORT, and reducing ability to EXPORT revenue making oil, Russia is teetering on an economic canyon.



its gotten worse.

Prune60 put together this graphic to give a visual of how bad the bond offers are going and there is only 11 days ( offer days ) left and need 2.4Trillion to meet the deficit.