Putin's war treasury swells over: 233 billion euros despite sanctions!

Putin's war treasury swells over: 233 billion euros despite sanctions!

The Russian economy proves to be a resilient over the strict international sanctions that were imposed in response to the Ukraine conflict. According to a report by Kosmo Analysts expect that Russia will record income of at least 233 billion euros from energy and raw material exports in 2024. This number represents a significant source of the war treasury of the Kremlin, since the most important trading partners in the state of China, India and Turkey are.

Although the EU has issued a comprehensive catalog of sanctions against Russia since the beginning of the war to restrict its economic ability to act, the Russian economy has reacted surprisingly well to this pressure. Deutschlandfunk reports that the sanctions in particular affect the financial sector, the central bank and the technology market as well as specific measures against Vladimir Putin and his environment.

continuation of military activities

The economic situation has apparently not created any incentive for Kremlin boss Vladimir Putin to stop military operations in Ukraine. The EU also receives Russian oil, gas and uranium with a total value of around 20 billion euros in the current year, a sum that even exceeds the military aid for Ukraine, explains Kosmo . These income supports the ongoing military activities and the modernization of the armed forces, in which Russia invests 6.3 percent of its gross domestic product, which is about 40 percent of the state budget.

experts like Alexander Libman warn that the financing of the Russian military forces does not depend solely on the income from oil and natural gas. The sanctions aim to restrict the future financial possibilities of the Kremlin, but Ursula Schröder emphasizes that they usually work in the medium to long term. Short -term success in the influence of Putin's decisions are therefore unlikely.

The role of the global economy

The EU therefore has difficulty detaching from its energy sector, since many states are still dependent on Russian energy imports to support their own business. According to SWP even found paths to avoid the G7 oil price lid by using a shadow fleet of oil tankers. This shows the adaptability of Russia, which is able to adapt faster to new economic framework than originally expected.

In view of the ongoing military activities and the associated financial stability, it remains to be seen how the geopolitical situation and international reactions to the Ukraine conflict will develop.