The Russian economy (catch all)

[Firn]

@jmm99: Thanks, I will try to understand a bit more the Russian economy and the damage it may take from a longer conflict with the West. I will leave the legal side to you

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First of all it is important to quote Rumsfeld:

Reports that say that something hasn't happened are always interesting to me, because as we know, there are known knowns; there are things we know that we know. There are known unknowns; that is to say, there are things that we now know we don't know. But there are also unknown unknowns – there are things we do not know we don't know.

I will first try to to get some basic facts about the economy. Keep in mind that it is harder to find the right linkable thing then the right thing alone...


1. The Federal budget of Russia

It depends mostly on oil and gas revenues. As much of service sector is obviously strongly linked to the commodity sector the 52% number underestimates this dependence. Think Gulf states.





The Finnish Central Bank has an interesting study about Russia's revenue problem which is highly likely to become worse in the long run.