groktown.substack.com/p/open-sourc...
Their budget assumes big interest rate cuts for 2026. If rates don't drop, the federal budget should get hit with unexpected expenses.
Their budget assumes big interest rate cuts for 2026. If rates don't drop, the federal budget should get hit with unexpected expenses.
👉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.
👉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.
600bn rub from "balances of the federal budget".
Running down operational bank accounts? Could cause cashflow problems if their balances get low enough.
600bn rub from "balances of the federal budget".
Running down operational bank accounts? Could cause cashflow problems if their balances get low enough.
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.
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.
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.
Please ask your representatives to fund Ukrainian deep strike.
Spending now = building weapons needed to prevent Russia attacking again. A cheap way to 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.
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.
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.
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."
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."
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.
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.
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.
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.
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).
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.
👉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.
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.
👉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.
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.
🍿
ru.themoscowtimes.com/2025/12/29/r...
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.
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.
Read: supporting Ukraine. Not increasing support. The US is only providing (PURL) what the EU is willing to pay for.
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.
👉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.
👉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.
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.
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.
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.
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...
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.
Sometimes he asks for a little help for his unit. If you follow him, you can see when he does.
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).
Sometimes he asks for a little help for his unit. If you follow him, you can see when he does.
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?
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?
"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 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!
Why?
www.banki.ru/news/lenta/?...
Why?
Would you like to share this message, preferably with a quote? Thanks!
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
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
If prices stay low👉17-30% of russian oil supply at risk?
www.themoscowtimes.com/2025/12/22/r...
If prices stay low👉17-30% of russian oil supply at risk?
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.
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.