More in the #BearMarketBrief buff.ly/6OuEhGW

🧵By the Numbers: Highlights from the latest #BearMarketBrief
1) 1 percent of GDP - the cost, for Russia, of Ukraine’s strikes on fuel infrastructure. Putin was forced to acknowledge that the prolonged war is hurting the Russian economy.

🧵By the Numbers: Highlights from the latest #BearMarketBrief
1) 1 percent of GDP - the cost, for Russia, of Ukraine’s strikes on fuel infrastructure. Putin was forced to acknowledge that the prolonged war is hurting the Russian economy.

Check out last week's #BearMarketBrief for more details on his arrest: buff.ly/rJ6tMzg

Following reports of his torture in prison, he was recently able to get in touch with supporters, but no details of his condition are known. #BearMarketBrief buff.ly/6OuEhGW

The configuration and shallow waters of Danube River ports make them far less capable of handling Ukrainian exports than those in Greater Odesa. However, following Russian strikes, approximately 93 percent of Ukrainian grain exports travel through the Danube.

More in the latest #BearMarketBrief

🧵By the Numbers: Highlights from the latest #BearMarketBrief
1) $2.9 billion - the sales of the German food retailer Metro Group in Russia in the 2024/25 financial year. A presidential decree placed Metro’s Russian assets under temporary state management last week. More below👇️

🧵By the Numbers: Highlights from the latest #BearMarketBrief
1) $2.9 billion - the sales of the German food retailer Metro Group in Russia in the 2024/25 financial year. A presidential decree placed Metro’s Russian assets under temporary state management last week. More below👇️

In this week's #BearMarketBrief, @minczifra.bsky.social details how Russia continues to squeeze regional and federal budgets to fund the war. The government is borrowing from the National Welfare Fund, cutting spending on education and health care, and shifting weapons costs onto businesses.

In the latest #BearMarketBrief, András Tóth-Czifra and Lee Block highlight:
- Increasing cuts to civilian expenditures to focus on war spending
- Ukrainian exports shifting toward ports on the Danube River
- Russian authorities cracking down on protests against rigged elections

🧵By the Numbers: Highlights from the latest #BearMarketBrief
1) 349 - of 450, the number of United Russia deputies in the new convocation of the State Duma, up from 324 in 2021, a record and a constitutional supermajority. More below👇️

Alexander Kynev, a Russian political scientist connected to the New People party, was arrested in late September for illegal production and transfer of narcotics.

His arrest followed criticisms he made on Telegram about the September Duma elections. More in the #BearMarketBrief.

🧵By the Numbers: Highlights from the latest #BearMarketBrief
1) 349 - of 450, the number of United Russia deputies in the new convocation of the State Duma, up from 324 in 2021, a record and a constitutional supermajority. More below👇️

What makes Alisher Usmanov and Mikhail Fridman significant enough for the European Union to go to great lengths to lift their sanctions?

The EU passed a three-year extension of 3,000 individual sanctions to lift the two mentioned above. Read the #BearMarketBrief to find out why.

To address its precarious finances, Russia plans to defer debt repayments to regions and raise further taxes. While the focus remains on war spending, the government announced budget allocations for families and infrastructure projects to placate public concerns. More in the #BearMarketBrief ⬇️

While the focus remains on war spending, the administration announced specific budget allocations for families and infrastructure projects to placate public concerns. More details in the #BearMarketBrief.

In this week's #BearMarketBrief, András Tóth-Czifra and Lee Block highlight:
- the parameters of Russia's 2027 federal budget
- a successful push for the relief of sanctions against two oligarchs
- the arrest of Alexander Kynev, a political scientist critical of the recent Duma elections

In this week's #BearMarketBrief, @minczifra.bsky.social and Lee Block highlight:
- increasing federal deficit
- a successful push for a relief of sanctions against two oligarchs
- the arrest of Alexander Kynev, a political scientist critical of the recent Duma elections

US sanctions against Russia's shadow fleet were ineffective due to their tempo and lack of enforcement. The Graham Act lowers the evidentiary burden for the US to designate sanctions targets within Russia's shadow fleet, mitigating previous issues of speed and enforcement. #BearMarketBrief.

🧵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👇️