Die russische Zentralbank wird Milliarden in Staatsbanken stecken, um Putins Militärbudget zu füllen
Starting November 25, the Central Bank will begin issuing ruble loans to banks so that they can buy government bonds of the Finance Ministry, which it uses to cover the treasury deficit.
byu/Ok-Code6623 inCollapseOfRussia
2 Comments
This is printing money, but with extra steps. Russia sells government bonds (OFZ) to cover their budget deficit. In Q3 and Q4 the sales kept decreasing and stopped completely, despite the record high key rate (21%). So now they are giving loans to banks so they could buy those useless bonds.
Prune60 did [an excellent analysis of the OFZ auctions](https://bsky.app/profile/prune602.bsky.social/post/3larwjec3ns26)
You should check out [her video from October 31st](https://x.com/Prune602/status/1852060430711099806) that visualizes the government deficit and bond sales over time
Keep wasting money. Russia will be reduced further by these wasted efforts. Keep digging.