Things Just Keep Getting Worse Inside Russia's Economy - The Global Gambit - Pyotr Kurzin

[TexasTowelie]

Russia’s economy is entering a far more dangerous phase than the Kremlin wants to admit.

Oil prices have fallen back to pandemic-era levels. Sanctions are biting harder. Discounts on Russian crude are widening. And the financial model that has underpinned Putin’s system for two decades is starting to crack.

In this video, I break down how collapsing oil revenues are hollowing out Russia’s budget, squeezing producers, and forcing the Central Bank into an impossible balancing act between inflation and stagnation. What looks like a temporary price slump is, in reality, a deeper structural crisis — one that threatens the long-term sustainability of Russia’s war economy.

This isn’t about running out of oil. It’s about running out of profitable oil — and the political risks that follow.