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

Theft of sand worth 500 million rubles uncovered in Krasnodar

In Krasnodar, the director of the federal state institution for land reclamation in the Krasnodar region has been detained and placed under house arrest. This was reported on her Telegram channel by the official representative of the Russian Ministry of Internal Affairs, Irina Volk.

According to Kommersant, this concerns the head of the Federal State Budgetary Institution "Kubanmeliovodkhoz Administration" Mikhail Frolov. The defendant in the case is accused of involvement in the theft of sand worth about 500 million rubles, as well as violating the rules for the protection of aquatic biological resources.

Private Story From A Russian Banker: Banks Stop Issuing Commercial Loans

Brent fell to $60.
Urals now costs $46-49.
Break-even point for Russian oil companies is $60 Urals
The longer such a low price, the higher the probability of bankruptcy of Russian oil companies and Russia as a whole!

Authorities in Russia have reported a sharp rise in counterfeit butter and other dairy products following a year of steep price increases.

Russia: “State Duma deputies from the "A Just Russia - For Truth" (SRZP) faction, headed by leader Sergei Mironov, have prepared a bill proposing quarterly indexation of wages to the inflation rate.”

Doesn’t sound like they’re going to get inflation under control!

“The leader of the SRZP noted that the real incomes of the population have been falling for the second year in a row…”