UUkraine

Russian money ‘goes up in smoke’ as Putin’s war takes toll on economy | Michael Clarke

  • October 19, 2024



Russian money ‘goes up in smoke’ as Putin’s war takes toll on economy | Michael Clarke

“The Russians have used up at least half of their existing sovereign wealth fund on the war.”

The Russian economy faces further decline, says Michael Clarke.

Join this channel to get access to perks –
https://www.youtube.com/channel/UCTjDhFuGXlhx9Us0gq0VK2w/join

📻 Listen to Times Radio – https://www.thetimes.co.uk/radio
🗞 Subscribe to The Times https://www.thetimes.co.uk/subscribe/radio-3for3/
📲 Get the free Times Radio app https://www.thetimes.co.uk/radio/how-to-listen-to-times-radio/app

37 comments

  3. Liberals "woke" people are so busy trying to rewrite history through their repulsive movies..they cant even see that history is repeating itself again on the continent… no wonder all dictators want a nuke! PUTIN said "boo" and Western Europe folds ..diving for cover !

  6. So, about 15 years ago, we thought we had 10 years to get things ready. Now we're taken by surprise that we have only 2-3 years? Keep kicking the can down the road, and be surprised there's a dead end.

  7. Russia bragged on how powerful they are. But yet Putin cut a deal with the North Koreans to recruit 1200 soldiers to help fight the war in Ukraine. Has he duped the rest of the world?

  8. It is my understanding that Transnistria survives by operating criminal smuggling networks. It seems that the EU countries could shut that down if they made the effort.

  11. Realist Brit here. The problem with all western commentators is that they just can't see it from the Russian point of view. You can't compare Russia with the West. It was only vaguely comparable from about 1995-2015. Chalk and cheese. Putin can send more millions into the war, he can virtually steal ALL the money, cut all social and infrastructure spending and reduce the population to bread queues. Most of them have been there before! When there was a revolution in 1917 they had a charismatic opposition leader, Lenin, and a great new ideology, Communism. Now they have nothing. Of course NATO could do something, but they're the Paper Tiger at the moment!

  12. Putin has Burnt 3 Russian Armies … The Western Army 95% destroyed, The Northern Army Destroyed, The Southern Army 95% Destroyed. Russia has also lost 40% of the Black Sea Fleet and 6 Air Brigades. This has been achieved with Ukraine only being supplied 3rd Gen Weapons from Countries Supporting Ukraine. They have been supplied with 4th Gen Air Defence and some long range 4th Gen arms. They have received Zero 5th Gen Arms yet.
    Meanwhile some NATO Countries have Up Armed and Expanded their Military power especially Poland. At least 5 NATO Countries have now increased their Arms production levels significantly. Slowly but surely NATO has moved significant Military Power into Western Europe and is now in all practical terms "Ready" for any eventualities.
    Moldova will now likely vote to Annex their territory back. There would be little Russia could do about this as a single shot by Russia would make their assets in Transnistria legitimate Enemy Combatants. Those Assets are currently effectively trapped, and the last thing Moldova wants is a Border with an Annexed part of Ukraine.

  13. This hope that Russia will struggle next year obviously doesn’t factor in the fact that China continues to provide weapons, and North Korea is sending 1,000’s of young men into the Ukraine ‘Meat Grinder’.

  14. Thanks for the analysis! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?

  17. I don’t believe none of this talk. I don’t trust what my government tells me about domestic issues never mind international affairs it’s all lies!

  19. "It's clear that this year the Russians have started to pay for Putin's bloated ego in ways they didn't have to [before] and next year they're gonna pay even more for it."
    There. Fixed it for ya.

  21. Putins use of NKorean troops durelybgreen lights a much more hands on approach by NATO allies as we assist Ukraine in degrading Russian militsry capability, we would surely be within our rights to board and inspect cargo fro Iran and N Kore snd China where maritime law allows

  26. Putin, wee fella, failed to read the 'teachings' of Sun Tzu, before he set off on his adventures into Ukraine. I'm here, salivating, on the predicted outcome.

  31. Russia are in brics you idiot they are going back to the gold standard and they've kicked the rothschilds out of Russia and Russia are saving children in Ukraine

Leave a Reply