Comments by "Geoff Lepper" (@geofflepper3207) on "Pyotr Kurzin | Geopolitics" channel.

  1. There are a lot of other things that are going badly for Russia and were not mentioned. Russia has an incredibly low unemployment rate and every Russian who joins the military or goes to work at an arms factory or flees the country makes that labour shortage worse. Russia is quickly using up its liquid assets in its national wealth fund and is going to be facing a serious problem when there's nothing left. Russia is quickly using up its stores of army equipment in decent condition that it took Russia 80 years to accumulate. It may all be gone by next summer and then Russia is going to have a much more difficult time providing adequate amounts of military equipment to Russian forces. Ukraine is gradually damaging Russian oil refineries. Ukraine is gradually destroying Russian fuel depots and ammunition depots and anti-aircraft systems. Ukraine is getting better and better at producing its own drones and missiles to use in the war. Russian forces are suffering huge losses of men and equipment to take relatively small amounts of territory and control less Ukrainian territory than they did in May 2022. Ukraine now controls some Russian territory and that has led to a number of problems for Russia and Putin. - the need to use troops to protect the whole border with Ukraine. - an embarrassment for Putin being the first Russian leader since 1941 to suffer an invasion. - 200,000 Russians fleeing the region and telling people that Putin is doing a poor job protecting Russia. - the erasure of another Putin red line indicating that Putin's red lines are meaningless. - a lot of Russians and even some Russian state media personalities questioning how the war is going. Russia's arms export industry has collapsed. Russia's gas industry is in serious trouble with far less revenue and might take over a decade to recover and Gazprom is suffering huge losses. Canada, the United States, Guyana and Brazil have been increasing their oil production and now Saudi Arabia has indicated that it is going to do the same so oil prices are likely to be heading downward and staying there for the foreseeable future unless Israel destroys Iranian oil facilities and Iran responds by attacking Saudi oil facilities and trying to shut down the strait of Hormuz. The United States and Qatar have plans to significantly increase gas exports and Canada is building a huge LNG export port. China's economy has been stagnant and China has been quickly building up its renewable energy and dams and coal plants and seems determined to transition to electric vehicles. China also recently signed an agreement with Qatar to import a lot of Qatar natural gas for many years to come and signed a major agreement with Saudi Arabia, Russian infrastructure is no doubt continuing to deteriorate due to lack of maintenance and it's likely that Russians will be freezing in the dark in their apartments again this winter. I think that if Putin knew and understood everything that is going wrong for Russia he would not be happy at all with the situation. 2025 will be bad for Russia and its forces and for Putin. 2026 will be very bad for Russia and its forces and for Putin. Putin's only hope is a Trump victory.
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  11. If a private business had equipment depreciating at a rapid rate and also was losing a lot of assets then if its accountants were honest they would include huge negative figures for those things on the income statement. That is what is happening to the Russian state except I don't think Russia's government accountants are publicly acknowledging those things. Because of a shortage of skilled workers in Russia the basic infrastructure is deteriorating rapidly - that's why so many Russian citizens spent last winter freezing in the dark in their apartments. That's why a lot more Russian citizens will spend the upcoming winter freezing in the dark in their apartments. As well Russia is losing military equipment assets accumulated over 80 years at a very raoid rate and by autumn 2025 will have little if any remaining stored army equipment in decent conditions. So even if Russia's cash flow situation looks fine right now a fair and accurate income statement for the Russian regime would show that it is operating at a significant financial loss and that is unsustainable in the long run. It won't be surprising if by the winter of 2025-2026 Russia is struggling to get enough tanks and other military equipment on the battlefield and also finds a catastrophic collapse of its basic infrastructure. And ramping up production of military equipment is going to be very hard for Russia when it already has a very low unemployment rate. Where will it find the extra workers, especially if Russian forces suffer another million casualties by autumn 2025?
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