Russia Running Out of Wealth - Joe Blogs

[TexasTowelie]

Russia is facing a growing economic challenge as oil prices come under pressure and discounts on Russian crude widen to more than $30 per barrel.

In this video, I break down what’s really happening with Russian oil revenues, why the government is now considering lowering its budget oil price from $59 per barrel, and what this means for the wider economy.

I look at how much money Russia is losing from the current oil discount, the impact of selling oil closer to $40 instead of $59, and how this is feeding directly into a rising budget deficit.

I also analyze the knock-on effects on GDP growth, which is now expected to slow sharply to between 0.7% and 1% in 2026, and explain why continued low oil prices could push Russia’s economy close to stagnation — or even contraction.

Finally, I examine the role of Russia’s National Wealth Fund, how it is being used to plug the gap, and what happens if current trends continue.

This is a full breakdown of the numbers behind Russia’s oil revenues, budget pressures, and economic outlook.

Chapters:
0:00 Intro
0:18 DEFICIT
1:40 BUDGET
3:12 DISCOUNTS
5:11 NATIONAL WEALTH FUND
6:51 LOSSES
11:29 GDP
12:13 SUMMARY