Privateer Station: War In Ukraine17 Aug 2024

State of Russian Economy: Kursk, AFU May Shut Down Russian Gas. Budget Deficit. Another Mobilization? Vladimir Milov & Michael Nacke

Breakthrough of Ukrainian Armed Forces into the Kursk region has not only a military and political aspect, but also a financial one, related to gas pipelines.
Sudzha gas metering station has a strong impact on the report on Russia's contractual obligations to those European countries that it still pumps gas to. This facility is currently under control of the Ukrainian Armed Forces. Moreover, the Ukrainian military could potentially seize other gas facilities in the region, which would hit Putin's money hard.

Federal budget expenditures, the deficit of which had recentlyspiked, have also increased sharply. But a new challenge from the Ukrainian Armed Forces requires additional spending. So even in such a difficult economic situation, Putin may decide to increase expenditures. An important question is whether he will risk another round of mobilization. From a political point of view, this is a risk, from an economic point of view, it is a catastrophe, but from a military point of view, it has long been a necessity.

This and much more in the latest economic report with Vladimir Milov!

YouTube channel of Vladimir Milov: @Vladimir_Milov

English translation by PrivateerStation

Original video in Russian: https://youtu.be/RPdGgRO7fdw

Original material by: Michael Nacke
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