Latest Defence Intelligence update on the situation in Ukraine - 19 November 2022
— Ministry of Defence 🇬🇧 (@DefenceHQ) November 19, 2022
Find out more about the UK government's response: https://t.co/QETLoujAbb
🇺🇦 #StandWithUkraine 🇺🇦 pic.twitter.com/Q0kqdha4pT
* Russia raised more than $13 billion in a day as the cost of Putin's war in Ukraine keeps mounting.
* Britain's Defence Intelligence said it was the largest amount Moscow had raised in a single day.
* Russia's defence spending for 2023 is estimated to be 40% higher than previously forecast.
Russia has raised more than $13 billion in just one day as the cost of Vladimir Putin's war with Ukraine keeps mounting. Britain's Ministry of Defence said on Saturday that the Russian Federation had conducted its largest debt issuance on Wednesday.
Its intelligence report also said that Russia's declared "national defence" spending in 2023 is estimated to be about 5 trillion rubles ($84 billion), or more than 40% higher than forecast.
The MoD report also indicated that Russia's finance ministry "perceives current conditions as relatively favorable but is anticipating an increasingly uncertain fiscal environment over the next year."
Read more ....
Update #1: Russia Reportedly Raises $13 Billion for 2023 Defense Spending (VOA)
Update #2: Russia sells record daily volume of government bonds (Reuters)
WNU Editor: Before the war I warned that if Russia should decide to invade Ukraine, they will own it, and it would set back the Russian economy by a decade or two. Fortunately for Russia, they have hundreds of billions in reserves (Russia's international reserves up by $10bn in the first week of November to $552.1bn, BNE), and the resource/export markets to finance the war. But it is driving crazy that all of this wealth, and more, is going to be wasted in this war.
The situation for Ukraine is worse.
When this war is over, what is left of Ukraine will be a government and country owning hundreds of billions of dollars to the West, and a reconstruction bill that will approach 1 trillion dollars A bill that I expect will be entirely financed by debt.
The economic hardships are going to last for generations, and I for one would not be surprised if the youth in Ukraine will immigrate to the West to escape these economic hardships.
12 comments:
All the mess the world and Ukraine are experiencing because of Russians. A war started by Russians with no direction at all.
Russians thought of getting what they want by starting a war and got nothing but humiliations in terms of war fighting.
More military junks from Russians.
Ukrainians have more steel to melt for recycling.
Destroyed buildings and junks is what Ukraine got from Useless Russian ambitions
Hitler was incompetent and yet he nearly conquered Moscow and Russia.
Consider this:
1) IF Greece had remained neutral or joined the axis
2) If the Brits had not overthrown the Yugoslavian government.
3) If the Japanese had tied down 50 Siberian divisions.
Would there be a Russia? You can be weak and still cause much damage. NAZI Germany was very weak. In the Battle for France they had as many tanks as the French and British, but they many of them were inferior. It would similar to the USAF putting trainer jets n the front line of a peer on peer conflict.
"Before the war I warned that if Russia should decide to invade Ukraine, they will own it, and it would set back the Russian economy by a decade or two. Fortunately for Russia, they have hundreds of billions in reserves (Russia's international reserves up by $10bn in the first week of November to $552.1bn, BNE),"
Russia is not keeping much.
I expect them to lose all of Kherson oblast.
Russian GDP has shrank 4%.
Looking at debt maybe Russia has the same problem the NAZI had. They have to go to war.
The economic data looks mixed. Some data is reported quarterly, but for Russia it stops at JAN 2022. I've seen that before, but it was for countries like Iran, Venezuela etc.
With economic recession world wide how much will Russia get for its oil?
https://tradingeconomics.com/russia/current-account
Going down hill. November might be a small uptick.
Dude get your own Hitler-themed blog going smh
oh, and by the way:
tl;dr
honky mahn talk phunny shiiiit
Hitler's action are historical facts that you can compare and contrasts Putin's actions and the Russian military's performance.
WW2 was the last peer on peer conflict, so it is worthwhile to study, since many people are of the opinion that we are heading into WW3.
I appreciate the trolls bleating. It means I am over target.
you are. keep dropping your load
Russia has one choice, Surrender to Ukranians. Just like what russian soldiers do.
So many Russian mil bloggers dropped their loads, when Kherson fell.
Dig up your billions of silver bullion from the woods where you hide iy and yourself and give it to Ukraine, there's a good orc.
A wartime economy is a booming economy. Simple. Even when its the enemy.....sorry fools.
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