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The more quality assets are replaced by all sorts of paper “wrappers,” the sooner a banking system crisis will occur. But the fact that it will shake this year, and we will see very powerful, sharp moves by the Central Bank to rescue and inject liquidity into the banking system — that’s definitely for this year, 2025.
#Economy of Russia #Russia #Economy

Oil would be at $45–47 now. It had already approached $52. It’s clear that the actual transaction prices for Russian oil had already dropped below $50. But Trump lacked the resolve. And a reduction in Russia’s export revenues could have already triggered this devaluation in the very near future. But so far, the price has dropped by a maximum of $12–15. That’s still relatively okay, not bad — but not enough for us to see the devaluation that will happen anyway. It will happen by the end of the year. It will happen in the summer. It could have already started in April. This is about the ruble.
#Ruble #Economy of Russia #Economy #Russia

There will be public crackdowns on big business... large corporations, banks. There will be a lot of these high-profile attacks, just to shift the blame for what's happening in the economy. But I still expect that at some point — in 2025 — Elvira Nabiullina will have to resign, no matter what. They’ll have to make her the scapegoat.
#Russia #Economy

Well done, you finally did something decisive without waiting for the United States. They will definitely join the sanctions against Russian oil exports, I'm sure—whether it's in September, October, or November, it doesn't matter, but they will join.
#USA #Russia #European Union #Oil

I’m not a Trump buff. But to ignore what Trump actually does—like when he drove oil prices down, and now they’ve been driven up again by an Iranian move—would be foolish. It won’t last long. Prices will fall sooner or later—most likely in early July, though we can’t give exact forecasts; it might be next week, or even this week. Once the confrontation starts to cool, Urals crude will drop below $60.
#Oil #Economy