Forbes: Russia is not the Soviet Union and will survive the oil crisis


Forbes experts believe that Russia will survive the current relatively safely economic the crisis is due to the fact that significant foreign exchange reserves are accumulated in the state budget and the country is integrated into the international capital market. All this distinguishes the modern Russian Federation from the Soviet Union, separated from the West by the Iron Curtain.


The Russian Federation has approximately $ 563 billion of foreign exchange reserves, and this is more than enough to survive the economic storms currently raging in the oil market. The USSR collapsed due to low oil prices, the cost of which fell to $ 10 - this does not threaten modern Russia.

Russian authorities are spending money on helping populations suffering from the coronavirus pandemic. This will lead to a budget deficit of about 5,5%, but will not prevent the authorities from fulfilling their financial obligations both to the population and to foreign borrowing. In addition, the Russian Federation, apparently, does not face a downgrade.

Chris Granville and other analysts at TS Lombard research company believe that Russia expects a deeper recession than in 2014, as well as a deeper budget deficit, which will put at stake the conservatism of the tax authorities. Nevertheless, the country's economy can now afford it.
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  1. Sapsan136 Offline
    Sapsan136 (Sapsan136) 1 May 2020 15: 35
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    If not for Judas Gorbachev, both the company and the USSR would have resisted !!!
  2. Bitter Offline
    Bitter (Gleb) 1 May 2020 16: 07
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    Russia is not the Soviet Union ...

    This says it all and there is nothing to try to pull on someone else's chain mail, the size is too big.

    USSR collapsed due to low oil prices ...

    It’s ridiculous. You should not even argue.

    Russian authorities spend money on helping the population ...

    Attempts in the shortest possible time to revive healthcare and help primarily business. It can be said corny, the Russian authorities began to distribute to the population the debts accumulated over decades.
  3. Alexey Grigoryev (Alexey Grigoriev) 1 May 2020 16: 19
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    The USSR is Russia, hung with leeches in the form of the CMEA countries (Council for Mutual Economic Assistance) and the so-called fraternal republics.
    1. Bulanov Offline
      Bulanov (Vladimir) 1 May 2020 22: 58
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      The USSR is Russia, hung with leeches.

      - In! Helped, helped and still have to stay ...
      1. bear040 Offline
        bear040 2 May 2020 11: 52
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        And do not help foreign countries and people from them !!! They need less feed and more milk !!! Here you can take an example from the USA, which do not build dams and power plants at all for Egypt and Afghanistan, and from Saudi Arabia, where a foreigner is only a janitor with a residence permit, and citizens are only those whose father and mother are the indigenous population of the country !!!
    2. Bitter Offline
      Bitter (Gleb) 2 May 2020 23: 16
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      The USSR is Russia, hung with leeches ...

      The Soviet Union won the most bloody war of the 20th century, the Russian peoples also participated there, just like the peoples living in:

      The Ukrainian SSR
      Belorussian SSR
      Uzbek SSR
      Kazakh SSR
      Georgian SSR
      Azerbaijan SSR
      Lithuanian SSR
      Moldavian SSR
      Latvian SSR
      Kyrgyz SSR
      Tajik SSR
      Armenian SSR
      Turkmen SSR
      Estonian SSR

      And in these republics, many people of Russian nationality lived, worked and made their contribution to the development of the country (subsequently left to their own devices).
      By joint efforts it was possible to turn mountains and the Union did this in all spheres of the national economy and science.
      Even today's leaders in Moscow have begun to understand this and are trying to set up dialogues in all directions, both in the post-Soviet and in the former CMEA countries. But, unfortunately, there appeared a lot of problems that were not there before, and moreover, they seemed unthinkable.
      And here is another Russia, which, led by Yeltsin and his camarilla, turned out at a difficult moment to be one of the most selfish family members who put all their energy into its complete collapse. And now, some are crying that none of the ex-brothers and sisters, in the West and in the East, especially wants to have serious business with her, even friends have already gone to Africa to seek / "invest".
      Leeches on the body of Russia are today's "respected" oligarch citizens and many other "necessary" people close to the "throne".