Russian oil production cuts are unavoidable per a new report from Reuters. 🔥

The refinery in Ufa, Russia, is on fire following a Ukrainian attack. 🔥

Russia’s economy is back to the size it was in 2008-2009, per railroad data. ‼️

Ooooooooooof Russia’s economy is in free fall

The federal treasury of Russia says the budget deficit was 5.57 trillion rubles for January - February, not 3.449 trillion rubles as the Ministry of Finance claims.

Ukrainian forces struck the Strela plant in Russia’s Bryansk region, which produces components for cruise missiles, and hit UAV control points, a command post, troop concentrations and a logistics depot in Zaporizhzhia, Dnipropetrovsk and occupied Luhansk regions. #Ukraine

Russia’s GDP is shrinking, even according to official statistics. More signs pointing to a recession. High oil prices will not save Russia if the world economy goes into recession (e.g., 2008).

Cement is a key ingredient for construction. Cement loading in the Russian Railways network is at 2008-2009 levels, crisis years in the Russian economy.

Wow!!!!

I took this picture of the Lviv Opera House in October 2023.

The Bank of Russia has issued banks “emergency-routine” 4.22 trillion rubles in liquidity to Russian banks, an increase of 130 billion rubles over the week before.

The electronic budget system shows a 7.01 trillion ruble deficit as of 28 March 2026

Potential mass-casualty incident for the Russian Air Force as an An-26 transport plane carrying 30 people has gone missing.

Now the FSB is going to be given the power to penalize companies because their resources are usable through a VPN. This is the degree to which they want to limit Russians' access to the internet as a whole.

Another Russian Su-34 was shot down by Ukraine today 🛩️ 🔥

High-res satellite footage from Primorsk, Russia. At least 9 fuel tanks have been destroyed with damage to 3-4 fuel tanks nearby high likely. One tank is still burning. #Russia

1\ Based only on Russia's official budget and economic assumptions: Russia's 2026 budget seemingly ends real-terms spending growth on health. Despite its aging population and, you know, a war that's disabling loads of Russians. The health funding freeze saves ~400bn rub for the federal budget.

The Russian Ministry of Finance has suspended foreign currency sales based on the budget rule for Q2. The budget is in flux, so they’re halting any sales. Quite a bit of gold and yuan from the NWF was liquidated in January and February.

!!! Seems recession-y. The Strait of Hormuz is closed, and the global recession that it will cause will hurt Russia tremendously. Russia is in an economically precarious position.

Primorsk and Ust-Luga are still on fire per satellite imagery.

Magyar says recent strikes on Ust-Luga, Primorsk, Kirishi and Yaroslavl created a 2.5M bpd bottleneck for Russia’s oil export and refining. He breaks it down as 1.9M bpd of stopped transshipment at Ust-Luga and Primorsk plus 650k to 700k bpd from Kirishi and Yaroslavl.

CyberFlour says a flamingo FP-5 missile 🦩 slammed into a factory in Chapayevsk, Samara, Russia. The General Staff of Ukraine confirmed it. 🔥 🚀

Surging oil prices are stopping Russia’s budget cut plans, per Bloomberg and the MT www.themoscowtimes.com/2026/03/27/r...

Yaroslavl’s oil refinery is on fire again. It’s the 6th largest oil refinery in Russia. 🔥

Another Republican bites the dust. All time record for retirements is approaching quick! www.wsj.com/politics/ele...

Ust-Luga, Russia, this morning (27 March 2026). 🔥

Primorsk and Ust Luga are under attack yet again tonight! 🔥 🔥 CyberFlour provides geolocated evidence. Has Russia run out of air defense? Ukrainian drones seem to be breaking through more and more.

The Bell is reporting that Putin asked oligarchs to donate to the budget for the war today. A meeting between oligarchs and Putin was held behind closed doors today. x.com/thebell_io/s...

First Gloria Jeans, then Concept Group. Russians will only be able to shop online (if their internet is working) soon enough…

Russian businesses having quite the news day. -40% oil export capacity offline -Gloria Jeans shutting down at least 150 stores -Kamaz resuming 4 day workweek

Cement production continues to crater in Russia, per Rosstat. Cement production cliffs show the construction industry in Russia is collapsing.

This is what Ust-Luga looks like after Ukrainian drone attacks on oil facilities overnight and early this morning. A significant blaze is observed. #Russia

At least 40% of Russia’s oil export capacity is gone following a Ukrainian attack on Primorsk, per Reuters 🔥

If you want to understand why Russia’s central bank can’t sell its gold reserves to fill the budget, look at Turkey. The Bank of Russia, like its Turkish counterpart, needs its gold reserves to prop up the currency or risk spiraling inflation. www.bloomberg.com/news/article...

Per Reuters/Ipsos, Trump has reached 62% disapproval and 36% approval. Deploying ground troops in Iran should definitely help bump up his numbers.

Russia fired almost 1,000 drones at Ukraine over the last 24-hours, unleashing one of its largest-ever daytime attacks, killing at least eight people and hitting the UNESCO-protected city centre of Lviv, officials said. u.afp.com/SLtz

Russian banks are desperate for liquidity. In what could be a record, the central bank received 6.5 trillion rubles worth of bids for its REPO auction, where “only” 4.09 trillion rubles were allocated. Compared to last week, rubles allocated are down 0.90 trillion, but bids are way way up.

A Russian strike hit the historic center of Lviv on March 24, causing damage to a UNESCO World Heritage site and residential infrastructure. Video: Kozytskyy Maksym; Lachen / Telegram.

The beautiful, historic city of Lviv came under Russian attack last night. St Andrew’s church was one of the targets. A lot of these buildings were closed for protection during the war.

The central bank says the business climate in Russia is sharply negative.

The balances in the accounts of the Russian Federation's treasury have plummeted to a 3-year low. As of March 20, the balances amounted to - 4.441 trillion rubles, which is 1.1 trillion less than in 2025. Data per Evgeny Istrebin and RosTreasury.

BREAKING: The US and Israel are preparing for a significant expansion of the war with Iran as Trump intends to take control of the Strait of Hormuz in a weeks-long operation, according to Israeli sources - Kann News via Faytuks

Russia's federal account balances are dropping with 4.756tr rub left on March 18th. That's 1.259tr rub less in accounts than 18th March 2025. Source is Evgen Istrebin: t.co/UUMqO7hDCd

Ukraine war briefing: Children ordered to leave key Ukrainian stronghold as Russians advance

Trump is dumb enough to do a ground invasion of Iran. www.cbsnews.com/news/trump-a...

Gold has nearly quadrupled in ruble value since 2022.

That’s a $12 billion LOSS for Lukoil in 2025, or about 12% of the Russian federal budget deficit (which I put at 8 trillion rubles). Lukoil posted a profit in 2024. (Deleted previous post, which had a typo in the year).

‼️ The Russian Central Bank gets asked about the Regional Budgets. Specifically that last year regions took out 700 billion rubles in loans from Banks (not the Federal government) and if the risks to the BANKS have increased as a result. Default worries?