When will Russia run out of oil for export?
2023-10-09 03:18:52
If production rates are not reduced and new deposits are not discovered, then in 2040
Russian Energy Minister Novak noted in 2018 that oil production in Russia, in the absence of incentives, could fall by 44% by 2035. Taking into account the coronavirus infection in 2019 and sanctions, these deadlines have shifted to 2040.
Russia has one of the highest taxes on the oil industry in the world, which makes it difficult to stimulate production.
Novak: oil production in Russia in the absence of incentives may fall by 44% by 2035
Scan the QR code to open on your mobile device
Western companies have left Russia, will the Russian economy recover?
2025-07-08 12:19:26
No, all conditions have been created for the economic situation in Russia not to improve.
After the withdrawal of Western companies from the Russian market, the Central Bank raised the interest rate, thereby banning the issuance of cheap loans, arguing that the goal is to preserve the savings of Russians. The VAT was also increased, which affected the prices of all goods and services. Additionally, Chinese companies were allowed to enter the market. Furthermore, as a result of the war, Russia may acquire bombed Ukrainian territories that will need to be rebuilt from scratch, which will also impact the economy.
It seems that there are only traitors sitting in the ministries of the country, who do everything the opposite.
Scan the QR code to open on your mobile device
What is more important – spiritual or material?
2023-11-10 12:07:34
Balance is important
It is quite obvious that we need to look for a middle ground in this matter: both the pursuit of material goods and complete indifference to the outside world are two extremes.
Material wealth in this case becomes destructive if a person does not possess spiritual wealth.
Material or spiritual: what is more important?
Scan the QR code to open on your mobile device
What will become of the dollar when it ceases to be a reserve currency?
2023-10-14 07:58:37
The same thing will happen to the dollar that is now happening to all other currencies that are now devalued against the dollar
If the US dollar ceases to be the world's reserve currency, this will lead to a total collapse and collapse of the US economy, which is not far from the collapse of the country.
Why is the status of the world reserve currency so important for the United States? This allows them to print dollars almost uncontrollably – if it causes currency devaluation in other powers, then everything is OK. Every time a state or a person buys a dollar, he takes on part of the US government debt.
Challenging the dollar is the main fear of the United States.
Scan the QR code to open on your mobile device
