Botten ur för den ryska ekonomin. - Klarar inte längre att betala räntorna.

1/ The two oil tankers that have sunk in the Kerch Strait were specialised but obsolete river-sea vessels that should not have been operating at all, according to Russian sources. They were supposed to have ceased operating at sea in 2008 under Russian and international regulations.

1/ The two Russian tankers that broke apart yesterday in the Kerch Strait reportedly split along welds created when the ships were modified in a botched attempt to meet safety regulations. Numerous safety rules were being violated when the ships sank.

The losses in Russian stock market valuations is absolutely without historical precedent.

VTB Bank, the second largest bank in Russia, and keep in mind, those previous highs were denominated in a Ruble that was 3x more valuable than today.

From peak, VTB Bank has lost around 99.3% of it's value

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The yield index of Russian corporate bonds soared to 27.8%. The G-spread widened to 541 bp. This means that Russian corporations will now have to pay almost 28% to attract money to the market. This is 5.4 p.p. higher than what the state attracts.
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"Oil products were carried ashore for several tens of kilometers from the village of Veselovka in Temryuksky district to the village of Blagoveshchenskaya in Anapa. Emergency operational headquarters were deployed in two municipalities under the chairmanship of the MOD heads.

In Ru fruit and vegetable products increased in price by 48.8%
Oils and fats are firmly in second place. Thanks to butter, this group of food products has grown by 40.5% since June
Milk and dairy products, as well as cheese, became more expensive by 21% and 20% , respectively

Russian Telegram channels report that a third Volgoneft vessel carrying 4,000 tons of mazut, has reported leaking in one of the tanks.

So far, mazut hasn't leaked into the sea. It's unclear whether another environmental disaster can be avoided.

Shares of Russia's VTB Bank, the 2nd largest bank in the country, now has only negative integers left to explore, collapsing to never before seen lows.

The Russian economy is almost as doomed as Putin's regime itself.

Russia faces new wave of inflation due to massive problems among freight carriers

The Russian economy will have to endure a new wave of inflation in 2025 due to problems among road freight carriers, which have faced rising costs, lower tariffs, and are on the verge of mass bankruptcies.

Since the beginning of 2024, the costs of Russian carriers have increased by about 30%, Tatyana Arabadzhi, Director General of the National Agency for Industrial Information (NAPI), told Izvestia . “First of all, these are expenses on leasing payments, which are affected by the growth of the key rate, the purchase of spare parts and maintenance of transport, and the purchase of fuel. At the same time, freight tariffs have decreased by 13%,” she noted.

Growing costs are causing freight carriers to return thousands of leased vehicles early and reduce their fleets. And next year, 10% to 15% of companies may leave the market, according to Vladimir Matyagin, president of the association of freight road transport "Gruzavtotrans". This primarily concerns small and medium-sized carriers.