Russia's economy in ruins: Drastic cuts due to Western sanctions!

Today is May 26th, 2025

Date: May 26, 2025 – Source 1 (http://www.fr.de/wirtschaft/drastische-auseffekten-der-west-sanktionen-russland-muss-Investmenten-einanderstreichen-zr-93753527.html):
- Russia's economy is suffering from new Western sanctions, particularly from the United Kingdom, that limit profits from oil and gas sales.
– The EU is discussing tariffs on Russian fertilizers.
– Oil and gas prices have fallen, leading to a decline in revenue.
– The Russian government is cutting investments in various sectors, including aviation, ship production and industrial robots.
– According to Kommersant magazine, investment programs have been drastically reduced due to the fall in oil and gas prices.
– The Kremlin had originally expected revenues of around $70 per barrel of oil, but prices have fallen to below $50.
– Cuts in aviation development by 22% to 78.8 billion rubles (approx. 868.75 million euros).
– Support for the high-tech industry reduced by 46 billion rubles (approx. 507 million euros).
– Automotive industry will receive 35 billion rubles less (approx. 385.8 million euros).
– Transport sector will be cut by 25 billion rubles (approx. 275 million euros).
– Russian statistics agency Rosstat reports significant declines in economic growth.
– Long-term sanctions from the West aim to weaken Russia’s economic base.
– In April, profits from oil exports fell by 6% compared to the previous month, while export volumes increased by 1%.
– The share of oil deliveries by the so-called shadow fleet fell from 65% to 53%.
– US President Donald Trump hinted at new sanctions against Russia on May 26 in response to Russian drone strikes in Ukraine.

Source 2 (https://de.statista.com/infografik/27153/prognose-zur-entwicklung-der-russian-economy/):
– The International Monetary Fund (IMF) forecasts growth for the Russian economy despite Western sanctions.
– Growth of 0.7 percent is expected for 2023 and 1.3 percent for 2024.
– The estimate for 2023 was raised by 0.4 percentage points and that for 2024 lowered by 0.8 points.
– Russia's growth is compared with that of the entire euro zone and is higher than in Germany, which is considered to be at the bottom of the euro zone with minus 0.1 percent.
– In 2022, the Russian economy will shrink by 2.1 percent.
– The IMF has raised its forecast for Russia’s economy for the third time in a row.
– In July 2022, a slump of 3.5 percent was predicted for 2023, in the fall the forecast was adjusted to minus 2.3 percent, and growth was forecast in January 2023.
– Inflation in Russia will be reduced to 7.0 percent for 2023 and to 4.6 percent for 2024.