Friends, do you know why Putin does not want to print the national welfare Fund and to help small and medium businesses, as well as people during a pandemic coronavirus and force stop all commercial activities (in fact, if you leave the decision to temporarily cancel the right of citizens to work without the emergency mode)?
On March 1, 2020 the national welfare Fund has accumulated $123 billion.
The current debt of “Rosneft”, according to my very rough estimate is 5 trillion rubles, or $67 billion is Also approximately the current debt of “Gazprom” – 4 trillion rubles, or $53 billion And most of the debt of both of these companies denominated in foreign currency.
We add two digits together we get $120 billion, which is equal to the entire Fund.
At current prices for oil and gas, “Rosneft” and “Gazprom” is unprofitable. After some time, they without the regular assistance of the so-called state would be bankrupt. But since they are “public” that is owned by Putin and his gang, these thugs don’t want their bankruptcy, even if they almost drove these companies into the grave and brought them to this line with its “effective management” and the astronomical theft of financial flows.
Putin and his gang will plug its debt hole your money – money from the Fund, the money you have collected them in taxes. Gathered them in their common Fund, which just so deceptively called allegedly allegedly allegedly Fund national well-being. Plugged with money from the Fund, as it was before and VEB and VTB, and a lot more.
But, besides “Rosneft” and “Gazprom”, there is still a whole lot too in debt, as in silks…
OPG Putin just very leveraged, i.e. debt loads. You will de-leverage. So absolutely do not care for you. Banquettes themselves. You don’t protest…
That’s the whole story.
And I told you that Putin and his gang bankrupt all of you, remember? Just with the black Swan it will happen even faster. And when the flock of black swans – and even more so.
Source: Slava Rabinovich / Facebook
Posted with personal permission of the author