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1\ I asked what the trend in Russian:Ukraine KIA ratio would look like if major open source databases + the new Frontelligence assessment were correct. They imply under 1:1 at the beginning of the full-scale invasion, but about 5.3:1 in late 2024.

groktown.substack.com/p/open-sourc...
Very helpful map colouring.
January 3, 2026 at 8:29 AM
Russia is subsidising mortgages to prop up the construction industry again.

Their budget assumes big interest rate cuts for 2026. If rates don't drop, the federal budget should get hit with unexpected expenses.
1/3 Russian mortgages for the month ending Dec 1st saw another increase in lending due entirely to more subsidised lending. Having shown signs of a (very) modest recovery in recent months, non-subsidised lending instead fell back (from 24% of the total value in November to 22% in December),
January 2, 2026 at 3:06 PM
Time series of how many Russian war obituaries have been found by Poteru. Late 2025 was huge.

👉2022: 15k
👉2023: 32k
👉2024: 51k
👉2025: 74k
👉total: 172k

Note: this is not necessarily date of death. Lots of 2024 deaths were found in 2025. Real total death count should be much higher.
January 1, 2026 at 6:51 PM
1\ I've highlighted here how Russia expects to fund part of its deficit, it's a thing I haven't seen mentioned much.

600bn rub from "balances of the federal budget".

Running down operational bank accounts? Could cause cashflow problems if their balances get low enough.
January 1, 2026 at 6:35 PM
I like this metaphor.

Does anyone else find it helpful?

Russia is an addict. The addiction is war, and it lies and cheats and steals to fund the addiction. Addicts can look fine until they've emptied the trust fund, lost the job and stolen everything from their family.
Time to mix metaphors (again?).

It’s also helpful to think of Russia as…the stereotype of someone with a severe addiction problem. Their addiction is the war. Quitting might even be deadly.

They are taking increasingly more risks (to the regime) in order to keep this going.
January 1, 2026 at 6:25 PM
Ukraine could build and use far more weapons, it's a really important part of what's needed to force Russia to negotiate and ensure peace.

Please ask your representatives to fund Ukrainian deep strike.

Spending now = building weapons needed to prevent Russia attacking again. A cheap way to peace.
The amount of Ukrainian long-range strikes inside Russia against strategic targets in the last few weeks is impressive. The amount of drones used, as well as different targets hit during a single night is rapidly increasing.
December 31, 2025 at 4:55 PM
Good update.

My gut-feeling guesstimate is final 2025 deficit of 5.5-6.5 trillion rub, I'll try to present a real evidence-based estimate before it's announced.

I've seen most other guesses in the 7-10tr range.

I'm lower: guessing that Russia may delay payments until 2026 to hide problems.
The electronic budget system shows a 7.32 trillion ruble deficit as of 27 December 2025
December 31, 2025 at 4:53 PM
Mediazona: huge new Russian cover up.

Regional courts have started deleting online evidence of cases of missing Russians in Ukraine, who were very likely killed in action. Over 70,000 records disappeared this week.

Before the deletions: "...the unrecovered dead we estimate now exceeds 180,000."
Russian army in 2025. Record bloodshed, “meat grinder” continues, old men assaults. Mediazona’s year end summary
As 2025 draws to a close, Russian officials are projecting an image of an army on the rise, claiming territorial victories and a surge of young recruits, maintaining a rigid negoti...
en.zona.media
December 31, 2025 at 12:54 AM
1\ This looks legit, based on public sources.

We might not know what each satellite does, but trackers know where satellites are, so everyone can avoid collisions.

I can't find evidence of a Russian "Kupol" launch of since 2022.
1/
Russia has lost its missile attack warning satellite constellation

Only one of the six "Tundra"-type Russian satellites launched into orbit remains operational, writes Russian nuclear weapons expert from Geneva Pavel Podvig.
December 30, 2025 at 7:04 PM
Reposted
The main problem is not that Putin lies. He has always lied and always will. The problem is that so many people desperately want to believe him. Putin's lies make their lives more comfortable. They free them from the moral obligation to help Ukraine.
December 30, 2025 at 11:41 AM
Ground drones seem important.

Russia has more troops so shouldn't that mean exposing more people in supply runs?

Ukraine needs Ru casualties + desertions to happen faster than Ru can recruit. Ground drones could change the war if they save enough lives. For either side.
The first Russian UGV I saw in June 2025. Of course it was quite rare back then.

Right now on Lyman direction the AFU destroy 2-3 UGVs per day. Near Pokrovsk even more.

Sometimes we even see those platforms with RWS but mostly they are used for logistics (at least for now).
December 30, 2025 at 5:15 PM
1\ Russia is doing temporary money creation (aka Repo). I checked official Russian data and it seems to be the single biggest issue yet.

👉Today: 4.7tr rub
👉Biggest in 2022: 4.1tr rub on 01.03.2022
👉Biggest in 2014: 3.3tr rub 06.05.2014

A big sign of liquidity problems in Russia.
🚨 ‼️ ‼️ ‼️ HOLY MOLY!! The REPO emergency mechanism has reached an all time high in Russia, at 4.7 trillion rubles provided in liquidity!!!!!

If this isn’t a sign of a banking crisis, then it’s a sign of massive government spending and inflation…

Note odd maturity date of 2 weeks due to holidays.
December 30, 2025 at 4:35 PM
1\ Nice find by Prune. Read the link.

Russian Rail looks like it's in deep, deep trouble.

They're 4tr rub in debt and a 1.3tr bailout/restructuring/fire sale is being worked on.

Their 2024 revenue was ~1.6tr rub.
‼️ Russia: “Russian Railways will cut costs on railcars and locomotives due to losses and debts.”

🍿

ru.themoscowtimes.com/2025/12/29/r...
December 29, 2025 at 6:14 PM
Always remember: Republicans are singlehandedly responsible for stopping US aid packages.

They saved Russia's war machine. They prevented peace. They caused massive Ukrainian death. They are trying to force the democracy to capitulate, and hand millions of innocents to a brutal dictator.
Zelensky: “There is no alternative to peace, but if Russia rejects the deal and continues the war, the U.S. is ready to keep supporting Ukraine.”

Read: supporting Ukraine. Not increasing support. The US is only providing (PURL) what the EU is willing to pay for.
December 29, 2025 at 5:45 PM
Russia reports December spending cuts vs 2024 so far.

👉1-23rd Dec 2024 = 4.902tr rub
👉1-23rd Dec 2025 = 3.169tr rub

Huge cuts worth ~0.7% of annual GDP in a few weeks?

Russia's defence minister says there's military "austerity" worth >1tr rub for things that don't directly murder Ukrainians.
December 27, 2025 at 7:13 PM
Poteru just added theri 170,000th Russian war dead identified by name.

True death numbers are much higher, and there are also lots of Ukrainians & others who have died on Russia's side.

They're still finding 300+ new ones per day.
December 27, 2025 at 5:37 PM
1\ The numbers in there are interesting.

They want at least 4tr rub in mortgages issued in 2026 to prevent "collapse".

Russian Deputy PM says in 2025 they issued 4.1tr, but 3.3tr were subsidised by the state.

These mortgages expose the Russian budget to major financial risks.
‼️ Russia: “The government has warned of a threat of a "collapse" in housing construction.”

There is also a threat of actual collapse of existing housing (I suggest avoiding elevators where possible too)

ru.themoscowtimes.com/2025/12/26/p...
December 26, 2025 at 7:19 PM
Follow kriegsforscher. He's with Ukraine's marines, and not only does he defend his people&home and our own democracies, but he reports accurate news in English.

Sometimes he asks for a little help for his unit. If you follow him, you can see when he does.
Today Russians again attacked near Pokrovsk with approximately 7 MTLBs, 3 tanks and 7 ATVs.

They managed to place a pontoon bridge (MTU-72) through Kazenyi Torets river. But failed to cross it leaving 2 more vehicles near the river (27 in general that river consumed so far).
December 26, 2025 at 7:01 PM
Interesting claim.

Some Russian regions have cut signup bonuses - poorer ones with finance problems and high recruitment.

Maybe Russia will offer higher bonuses in regions that haven't supplied as much meat yet?
Russia met its 2025 recruitment target of 403,000 by early December and will exceed it by year's end, HUR Chief Kyrylo Budanov told Suspilne. Russia's 2026 target is 409,000, using increased one-time payments to attract recruits.
December 26, 2025 at 6:54 PM
1\ Dunno how I missed this:

"Russian Defence Minister Andrey Belousov has confirmed" that in 2025 “Austerity measures were applied" to expenses not directly related to military operations... “some expenditures were deferred to later dates. Others were reduced.”

Military cuts worth 0.5% of GDP!
Russian Defence Ministry Confirms ‘Severe Financial Constraints’ Due to Wartime Expenses: How is it Prioritising Funding?
Russian Defence Minister Andrey Belousov has confirmed at the Defence Ministry's final board meeting that it has been operating under austerity due to the significant
militarywatchmagazine.com
December 26, 2025 at 6:50 PM
1\ This is a sign that Russia probably isn't needing to hit the wealth fund very hard for December. A bit of evidence that they might hit their budget goals

Why?
December 25, 2025 at 9:08 PM
Noel is a really good Ukraine news aggregator. Give them a follow.
Dear community, last time you helped us reach lots of new BlueSky followers. Now that we see that there is an exodus on X, it is important that these people can also find us on BlueSky for all necessary updates about Ukraine.

Would you like to share this message, preferably with a quote? Thanks!
December 25, 2025 at 8:57 PM
Great thread.

I hope Tatarigami will also share on bsky. He is an EXCELLENT source. A Ukrainian veteran with a careful & skilled team who are very open when things are bad.

If you cann afford to support great investigations, here's his Frontelligence Insight page:
frontelligence.substack.com
December 25, 2025 at 6:37 PM
“When you do the numbers, it looks like somewhere between 1.6 million and 2.8 million barrels per day will get stranded without firm demand. At the moment, a lot of unsold oil is being stored on the water in tankers.”

If prices stay low👉17-30% of russian oil supply at risk?
December 24, 2025 at 1:17 AM
1\ Interesting analysis suggests Russia may have more active armour now than 2022.

It makes sense to me, although it's highly uncertain.

The Soviet armour reactivation was huge, and Russia is sacrificing men to save armour. On course to lose ~2,000 fewer armoured vehicles this year vs 2024.
December 23, 2025 at 11:35 PM