Russia'S Economy Is Shrunk Into Spain. Putin Has No Money. It'S Hard To Be "Capricious".

Putin, ruble and oil prices will go to 63 next year. This is a cold joke that Russia has recently been popular.

Russian President Putin will spend his 63 birthday in October next year. International oil prices have fallen below $70 a barrel recently. In the face of the trend of ruble's depreciation, such a "black humor" will come into being.

In addition, overseas media believe that the Russian economy has shrunk dramatically, and the total economic volume can only be comparable to that of Spain.

It's hard to be "capricious" without money.

The outside world often shows people with a strong attitude.

More than a month ago, he released the Russian side not "begging" Europe and the United States to lift sanctions, "we are stronger than any other country" tough words, but the reality is that the Russian economy has been in crisis.

The collapse of international oil prices is heavily dependent on Russia for oil.

Countries with incomes are, of course, bad news.

The Russian government has recently predicted that the country's economy will fall into recession next year, and the annual economic contraction is expected to reach 0.8%.

A more direct crisis than the recession and rouble depreciation.

In the first two trading days of this week, the ruble exchange rate plunged sharply, and broke through the 54 pass at one stroke. This year, the total depreciation has fallen by nearly 63%.

In order to prevent more losses to the private property, many Russians began to convert their rubles into foreign currencies. Some Russian enterprises were interested in selling their domestic assets and investing abroad.

Agence France-Presse estimates that the scale of Russia's capital outflow may reach $130 billion.

As the ruble depreciated, inflation rose in Russia, which is also a thorny issue for the Bank of Russia.

In addition, Russia's stock market has been falling for half a year, measured by US dollar, Russia's MICEX stock index has fallen back to the trough of the financial crisis.

European and American sanctions, oil price and ruble exchange rate plummeted, so that Russians feel the pressure of economic encircling, and further exacerbate the worries of the Russian economy.

According to the Daily Telegraph of the UK, the Russian economy has shrunk dramatically and has lost its status as the eighth largest economy in the world.

Over the past 9 months, Russia has shrunk from a huge 2 trillion and 100 billion dollar economy to a medium-sized economy that can be equated with Spain or South Korea.

Spain has been ranked the thirteenth largest economy in the world.

Because of the severe economic sanctions imposed by the European Union and Russia on Russia, it is difficult for Russian enterprises in key economic areas to raise funds in the international market.

Russia's central bank estimates that as of the end of this year, Russian domestic enterprises have nearly $55 billion in debt maturity.

According to Reuters, leaders of the US and EU yesterday pledged to cooperate in sanctions against Russia and strengthen energy security in Europe and Ukraine, and further joint sanctions against Russia.