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aniki ,

Imma highlight the parts your brain doesn’t process because it’s full of tankie sludge…

MOSCOW, July 3 (Reuters) - Proceeds from oil and gas sales for Russia’s federal budget rose by around 41% year on year in the first half of the year 5.698 trillion roubles ($65.12 billion), finance ministry data showed on Wednesday

Russians lying isn’t news.

yogthos OP ,
@yogthos@lemmy.ml avatar

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    CyberMonkey404 ,

    And how much of that goes to the country’s budget, let alone to the citizens, and how much gets stuffed into offshore accounts and real estate in western countries?

    yogthos OP ,
    @yogthos@lemmy.ml avatar

    The west solved that problem by effectively doing capital controls for Russia. Now that Russia has been decoupled from SWIFT, moving money out is pretty hard.

    CyberMonkey404 ,

    From what I understand, Russian companies that are doing business with Europe and USA (such as aforementioned oil corporations) do so via direct exchange at a stock market, no swift required. Likewise, offshoring can be done via cash, precious metals, stocks or other methods

    yogthos OP ,
    @yogthos@lemmy.ml avatar

    There are always ways to try and get money out of a country, but the west made it as difficult as possible to do so. And the result has been that money is indeed staying in Russia which resulted in a big increase in business activity as IMF now openly admits.

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