What explains the annual average increase in volumes through March? Or is it that the December/January volumes are always reduced through some environmental constraints?

Declining non-oil/gas revenues, Ural $/barrel below break-even, no external investment … don’t see how they avoid hyperinflation once 4Q rolls around (assuming Trump doesn’t bail them out).

Seems like the deficit is accelerating and, based on Prune’s other threads, this trend is likely to continue. I don’t think there’s enough liquid assets in the NWF to cover the EOY gap. Wonder how much gold Russia can sell without hamstringing themselves by flooding the market?

Again … mental math here so take this with a grain of salt.

Unless I’m misinterpreting this info, 4.62T deficit is YTD and 100Ru ~ $1. We’re 38% of the way through the year.

So, my math was poor … this projects an *incremental* $75B deficit growth between now and EOY. We’re looking at ~ $120B?

Struggling with my mental math … this projects to something like a $75B deficit by EOY?