Well seems I need to explain the obvious .
Russia can't continue the war in Ukraineif their economy fails .
That is what the US sanctions have been about - fighting rusisa with economics .
But apart from the sanctions russia are puting huge pressure on themselves with the cost of this war .
A good part of their GDP at present is ammo and weaponry for Ukraine (to be blown up mostly one way or another )
To very much exacerbate that pressure O&G prices have dropped off ....despite the OPEC+ cut in production .
Russian revenues are falling and they'll need more and more debt to fubnd this war .... until nations tire of lending to them .
Someone here doesn't want you to know that , as Andy posted last night ...revenues from russian O&G fell 64% in April from previous AprilRussia's oil and gas budget revenue drops sharply in April
https://www.reuters.com/business/energy/russias-oil-gas-budget-revenue-drops-sharply-april-2023-05-04/
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