🧵By the Numbers: Highlights from the latest #BearMarketBrief
1) 4.8 trillion rubles - the planned deficit of the federal budget in 2027, according to Vladimir Putin. This would be an estimated 2 percent of GDP. More below👇️

As a result of economic pressures from the war being offloaded onto regional budgets, Russia's healthcare spending declined by 6%, and 19 regions are planning 10% reductions. These drops further compound existing shortages in the healthcare system. More in the #BearMarketBrief.

For multiple reasons, the Russian Duma election results cannot be taken at face value. Opposition candidates were systemically disqualified, reports of coerced voting and ballot stuffing ran high, and restrictions on discussing the war were placed leading up to the elections. #BearMarketBrief.

🧵By the Numbers: Highlights from the latest #BearMarketBrief
1) 400 billion rubles - the projected losses to Russian online marketplaces from drone strikes, according to an analysis by Data Insight. More below👇️

🧵By the Numbers: Highlights from the latest #BearMarketBrief
1) 400 billion rubles - the projected losses to Russian online marketplaces from drone strikes, according to an analysis by Data Insight. More below👇️

In this week's #BearMarketBrief, András Tóth-Czifra and Lee Block highlight manipulation in the Russian #DumaElections, the US Graham Act and its notable Section 113, and the effects of regional budget pressures on health and social care.

🧵By the Numbers: Highlights from the latest #BearMarketBrief
1)3,300 km - The distance from Novy Urengoy to Ukraine, the site of a successful Ukrainian drone strike. The strike hit an industrial plant in Russia’s largest oil- and gas-producing region. More below👇️