Isn’t this basically the same situation that ultimately led to the fall of the USSR? A fall in oil and gas revenue which led to a financial collapse. Paired with some unrest. Has Putain read the history he lived though?
That is definitely a part of it. Collapse is not caused by a single event. If I remember correctly (not 100% on my timeline without looking it up) the reforms of Gorbachev were caused by already existing unrest that in part was caused by a loss of state income. When the state provides all and has no money…
You know the Afghan war and the loss of working age men, plus the high level of support the USSR gave its satellite states, were not helpful either. Lots of factors, but when you have no money everything is worse.
The best description of Russia and the USSR before that is a Gas station with an army. That is how important petroleum is to Russia
With a government relying for a substantial part on income from such an industry, any collapse of that industry will be a serious problem. Especially in a time where they need each and every ruble (or dollar, if they can get them).
Isn’t this basically the same situation that ultimately led to the fall of the USSR? A fall in oil and gas revenue which led to a financial collapse. Paired with some unrest. Has Putain read the history he lived though?
Russian oil revenues are at near record highs though so we’re still a long way from any kind of collapse.
As far as I know, the USSR collapsed because Gorbachev’s reforms weakened existing institutions and power structures, without providing replacements.
That is definitely a part of it. Collapse is not caused by a single event. If I remember correctly (not 100% on my timeline without looking it up) the reforms of Gorbachev were caused by already existing unrest that in part was caused by a loss of state income. When the state provides all and has no money…
You know the Afghan war and the loss of working age men, plus the high level of support the USSR gave its satellite states, were not helpful either. Lots of factors, but when you have no money everything is worse.
The best description of Russia and the USSR before that is a Gas station with an army. That is how important petroleum is to Russia
Honestly, fair enough.
Afghanistan and Chernobyl bled the USSR dry of money and people.
*Poutine
Be careful the Canadians might get angry and by angry ask you nicely to not insult their native dish.
Where no one is going to care if I call him a puta
With a government relying for a substantial part on income from such an industry, any collapse of that industry will be a serious problem. Especially in a time where they need each and every ruble (or dollar, if they can get them).