Ukraine War Brief Podcast @ukrainewarpod.bsky.social · 11/07/2026Russia’s National Wealth Fund, for the first time ever, will have less than half of its reserves in liquid assets than needed to cover the budget deficit this year. I’m projecting a ~12 trillion ruble deficit (federal or consolidated) this year. 39213
Ukraine War Brief Podcast @ukrainewarpod.bsky.social · 11/07/2026The liquid assets remain largely untouched now that they have been depleted. For perspective, Russia blew through the equivalent of their liquid assets in just 3 months. 3431
Albert Hubble @alberthubble.bsky.social · 12/07/2026What certainty do we have that those numbers are actually true? Seems like they would sell gold off faster if they really need the money. 000
