Russian Economy -- An Incredibly Bleak Report — February 15, 2023

Today, from CNBC: a fairly long (for CNBC) update:

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Earlier

From earlier:

Trivia: Putin signed the "war" budget the day the December 5, 2022, sanctions went into effect.  

The Russian budget: https://www.osw.waw.pl/en/publikacje/analyses/2022-12-12/russias-war-budget-2023-2025. Archived. This is an incredibly bleak report / analysis. 

Russian National Wealth Fund -- Russia's sovereign wealth fund: wiki. 

Russia's sovereign wealth fund: wiki.

Previously reported:

Jan 18 (Reuters) - Russia's National Wealth Fund shrank to $148.4 billion as of Jan. 1, down $38.1 billion in a month, as the government took out cash to plug its budget deficit, data showed on Wednesday. The ministry said it had spent 2.41 trillion roubles ($35.1 billion) from the NWF, a rainy day fund that accumulates oil revenues, to cover the deficit in December. Along with heavy state borrowing at domestic debt auctions, the NWF - which was originally intended to support the pension system - has become the main source of financing for the budget deficit since Russia invaded Ukraine last year and was hit by waves of unprecedented Western sanctions.

On top of this, Russia has announced it will cut crude oil production by 500,000 bbls beginning in March, 2023.