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Ukraine War Brief Podcast @ukrainewarpod.bsky.social · 05/06/2025

‼️ Rosstat published shocking declines in profits in Q1! This is *before* Trump declared a trade war -> everything is worse now. • Profits fell 34% year-over-year • 1 out of 3 companies are unprofitable • Oil and gas are down 40% www.moscowtimes.ru/2025/06/05/m...

"We can slide into recession." Rosstat
recorded a collapse in the profits of Russian companies

In March, the consolidated financial result of Russian organizations (profit minus loss) collapsed by 34% and amounted to 1.45 trillion rubles, according to the data published by Rosstat on Wednesday. Compared to the same month last year, the business undercounted about 750 billion rubles of profits, and every third company operating in Russia became unprofitable.

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Ukraine War Brief Podcast @ukrainewarpod.bsky.social · 05/06/2025

Catastrophic losses in March… before oil and coal actually collapsed. Coal mining profit fell 1796%. Oil and gas producing companies’ profit fell 106% year-over-year. April, May and June will be worse!

According to Rosstat, following the coal industry, the oil and gas industry went into losses in March!!!!!!!!

Balanced financial result (profit (loss) before taxation) of organizations

Coal mining
January: -6.2 billion
February: -13.7 billion
March: -60 billion

Total for the quarter: -79.9 billion (Q124 +4.7)
(-1796%)

Oil and gas production
January: +655 (+24% y/y)
February +154 (-74% y/y)
March: -20 billion (-106% yly)
Total for the quarter: +789.5 billion (Q124 +1444.5)
(-45%)

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