"The Russian Navy is on the verge of collapse"

[ikalugin]

Originally Posted by Jimbuna

The sanctions by the west may not be all that effective but medium to long term I should imagine they will have some bearing on matters, especially when added to the reduction in oil revenues.

The decrease in oil revenues do hurt the budget, but not critically so, mainly because we were trying to avoid budget deficit for a long time (and kept building up reserves).