Seyyon
@seyyon.bsky.social
Amateur observer of Russia's war economy.
Interested in banks. Pun intended.
Interested in banks. Pun intended.
Reposted by Seyyon
Zelensky’s reaction to Trump’s statement that he "wants to see a successful Ukraine."
December 29, 2025 at 10:55 AM
Zelensky’s reaction to Trump’s statement that he "wants to see a successful Ukraine."
Reposted by Seyyon
‼️ Russia: “The Russian government will consider preferential loans for businesses in difficult conditions.”
AND “Additional funds are planned to be allocated from the reserve fund. The amount is not specified.”
The NWF is running low, as is the Kremlin’s revenue
🍿
www.interfax.ru/russia/1064764
AND “Additional funds are planned to be allocated from the reserve fund. The amount is not specified.”
The NWF is running low, as is the Kremlin’s revenue
🍿
www.interfax.ru/russia/1064764
December 23, 2025 at 11:06 PM
‼️ Russia: “The Russian government will consider preferential loans for businesses in difficult conditions.”
AND “Additional funds are planned to be allocated from the reserve fund. The amount is not specified.”
The NWF is running low, as is the Kremlin’s revenue
🍿
www.interfax.ru/russia/1064764
AND “Additional funds are planned to be allocated from the reserve fund. The amount is not specified.”
The NWF is running low, as is the Kremlin’s revenue
🍿
www.interfax.ru/russia/1064764
Reposted by Seyyon
Things look bleak for the Russian budget. As expected Russian oil taxes in December will be over 20% lower than the previously lowest month in 2025. USD value for the calculation was 80,35 rubles. Expect things to be even worse in January.
December 22, 2025 at 9:21 PM
Things look bleak for the Russian budget. As expected Russian oil taxes in December will be over 20% lower than the previously lowest month in 2025. USD value for the calculation was 80,35 rubles. Expect things to be even worse in January.
Reposted by Seyyon
First Combat Use of Underwater Kamikaze Drones: Russian Kilo class Submarine Disabled in Novorossiysk
The Security Service of Ukraine (SSU) has carried out a special operation in the port of Novorossiysk, marking the first-ever combat use of underwater kamikaze drones.
The Security Service of Ukraine (SSU) has carried out a special operation in the port of Novorossiysk, marking the first-ever combat use of underwater kamikaze drones.
December 15, 2025 at 3:12 PM
First Combat Use of Underwater Kamikaze Drones: Russian Kilo class Submarine Disabled in Novorossiysk
The Security Service of Ukraine (SSU) has carried out a special operation in the port of Novorossiysk, marking the first-ever combat use of underwater kamikaze drones.
The Security Service of Ukraine (SSU) has carried out a special operation in the port of Novorossiysk, marking the first-ever combat use of underwater kamikaze drones.
Reposted by Seyyon
‼️ Russia: “the Ministry of Finance plans to launch federal treasury repo operations in yuan in the coming weeks "to increase the liquidity of this instrument"”
Ok…
www.moscowtimes.ru/2025/12/04/u...
Ok…
www.moscowtimes.ru/2025/12/04/u...
December 4, 2025 at 5:05 PM
‼️ Russia: “the Ministry of Finance plans to launch federal treasury repo operations in yuan in the coming weeks "to increase the liquidity of this instrument"”
Ok…
www.moscowtimes.ru/2025/12/04/u...
Ok…
www.moscowtimes.ru/2025/12/04/u...
Reposted by Seyyon
🔥 ‼️ 🚨 The volume of overdue loans at Moscow Credit Bank (MKB) has increased 8 times since the beginning of 2025. The total amount of problematic loans reached 668 bn rubles, or 28% of the bank's loan portfolio. (‼️)
December 4, 2025 at 7:16 AM
🔥 ‼️ 🚨 The volume of overdue loans at Moscow Credit Bank (MKB) has increased 8 times since the beginning of 2025. The total amount of problematic loans reached 668 bn rubles, or 28% of the bank's loan portfolio. (‼️)
Reposted by Seyyon
I would like to take the time to properly say big THANK YOU to the @VP JD Vance.
Thank you for your continued efforts to bring peace to the Russian soldiers. We are delivering this 40kg peace warhead straight into their faces today.
Thank you for your continued efforts to bring peace to the Russian soldiers. We are delivering this 40kg peace warhead straight into their faces today.
November 24, 2025 at 1:58 PM
I would like to take the time to properly say big THANK YOU to the @VP JD Vance.
Thank you for your continued efforts to bring peace to the Russian soldiers. We are delivering this 40kg peace warhead straight into their faces today.
Thank you for your continued efforts to bring peace to the Russian soldiers. We are delivering this 40kg peace warhead straight into their faces today.
Reposted by Seyyon
🚨 “Russian Deputy Prime Minister Marat Khusnullin said that the volume of market mortgage issuance in the country has reached a **record low in the history of observations.** He called the current state of the mortgage lending market alarming.”
www.kommersant.ru/doc/8227562
www.kommersant.ru/doc/8227562
Хуснуллин назвал тревожной ситуацию с ипотекой в России
Подробнее на сайте
www.kommersant.ru
November 24, 2025 at 4:45 AM
🚨 “Russian Deputy Prime Minister Marat Khusnullin said that the volume of market mortgage issuance in the country has reached a **record low in the history of observations.** He called the current state of the mortgage lending market alarming.”
www.kommersant.ru/doc/8227562
www.kommersant.ru/doc/8227562
Reposted by Seyyon
A great article from The Bell about OFZs, printing money, defaults, and what options Russia has left for financing the war.
thebell.io/zhizn-vzaymy...
thebell.io/zhizn-vzaymy...
Жизнь взаймы. Как Россия влезает в долги ради продолжения войны и какие у этого будут последствия
Война и связанные с нею высокие бюджетные расходы вынуждают Россию все больше занимать. Почти весь дефицит бюджета на следующ
thebell.io
November 24, 2025 at 5:48 AM
A great article from The Bell about OFZs, printing money, defaults, and what options Russia has left for financing the war.
thebell.io/zhizn-vzaymy...
thebell.io/zhizn-vzaymy...
Reposted by Seyyon
‼️ Russia: “The Central Bank discovered a 10 trillion ruble "time bomb" on banks' balance sheets.”
The headline is a bit misleading, because this is a shocking surprise but just another update a deterioration already in progress.
www.moscowtimes.ru/2025/11/21/t...
The headline is a bit misleading, because this is a shocking surprise but just another update a deterioration already in progress.
www.moscowtimes.ru/2025/11/21/t...
November 22, 2025 at 1:52 AM
‼️ Russia: “The Central Bank discovered a 10 trillion ruble "time bomb" on banks' balance sheets.”
The headline is a bit misleading, because this is a shocking surprise but just another update a deterioration already in progress.
www.moscowtimes.ru/2025/11/21/t...
The headline is a bit misleading, because this is a shocking surprise but just another update a deterioration already in progress.
www.moscowtimes.ru/2025/11/21/t...
Reposted by Seyyon
Some notable things in what's being called the "Trump peace plan" but which could not have been more clearly written in Moscow if it came with a 2 for 1 deal on tickets to the Bolshoi Ballet. 🧵
November 21, 2025 at 10:06 AM
Some notable things in what's being called the "Trump peace plan" but which could not have been more clearly written in Moscow if it came with a 2 for 1 deal on tickets to the Bolshoi Ballet. 🧵
Reposted by Seyyon
‼️ Russia: “The Central Bank of the Russian Federation partially carries out mirroring operations by buying and selling gold.”
www.interfax.ru/business/105...
www.interfax.ru/business/105...
November 20, 2025 at 8:49 PM
‼️ Russia: “The Central Bank of the Russian Federation partially carries out mirroring operations by buying and selling gold.”
www.interfax.ru/business/105...
www.interfax.ru/business/105...
Reposted by Seyyon
Another way to look at this: liquidity in the Russian banking system is approaching zero while REPO absolutely skyrockets.
Source: Bank of Russia
Source: Bank of Russia
November 20, 2025 at 12:57 PM
Another way to look at this: liquidity in the Russian banking system is approaching zero while REPO absolutely skyrockets.
Source: Bank of Russia
Source: Bank of Russia
Reposted by Seyyon
Here's another way to illustrate why Russia's budget plan for 2025 is unrealistic:
To stay within the spending plan, Russia would have to fit the light and dark blue parts (November and December) into the red box (the remaining budget this year).
Read more: janiskluge.substack.com/p/russias-un...
To stay within the spending plan, Russia would have to fit the light and dark blue parts (November and December) into the red box (the remaining budget this year).
Read more: janiskluge.substack.com/p/russias-un...
November 12, 2025 at 6:15 PM
Here's another way to illustrate why Russia's budget plan for 2025 is unrealistic:
To stay within the spending plan, Russia would have to fit the light and dark blue parts (November and December) into the red box (the remaining budget this year).
Read more: janiskluge.substack.com/p/russias-un...
To stay within the spending plan, Russia would have to fit the light and dark blue parts (November and December) into the red box (the remaining budget this year).
Read more: janiskluge.substack.com/p/russias-un...
Reposted by Seyyon
Lots of tall tales get told about central bank gold purchases. Central banks do buy gold, but that buying isn't widespread and is slow and steady. A handful of central banks - China (red), India (orange) and Poland (blue) - account for all gold buying...
robinjbrooks.substack.com/p/central-ba...
robinjbrooks.substack.com/p/central-ba...
November 12, 2025 at 11:33 AM
Lots of tall tales get told about central bank gold purchases. Central banks do buy gold, but that buying isn't widespread and is slow and steady. A handful of central banks - China (red), India (orange) and Poland (blue) - account for all gold buying...
robinjbrooks.substack.com/p/central-ba...
robinjbrooks.substack.com/p/central-ba...
Reposted by Seyyon
🚨 Foreign currency supply in Russia has fallen to a record low since the start of the full-scale invasion (rolling 6 month average). Foreign currency is in short supply, but demand is increasing.
The ruble should be devaluing, but the Bank of Russia won’t let it.
The ruble should be devaluing, but the Bank of Russia won’t let it.
November 12, 2025 at 1:01 AM
🚨 Foreign currency supply in Russia has fallen to a record low since the start of the full-scale invasion (rolling 6 month average). Foreign currency is in short supply, but demand is increasing.
The ruble should be devaluing, but the Bank of Russia won’t let it.
The ruble should be devaluing, but the Bank of Russia won’t let it.
Reposted by Seyyon
1/3 New Russian new mortgage lending remains subdued and, with subsidised loans accounting for 83% of the YTD total, continues to be driven by government policy, at a remove from broader market conditions.
November 4, 2025 at 11:58 AM
1/3 New Russian new mortgage lending remains subdued and, with subsidised loans accounting for 83% of the YTD total, continues to be driven by government policy, at a remove from broader market conditions.
Reposted by Seyyon
Meanwhile in Russia…
“bank clients have begun complaining about financial institutions changing their loan terms without prior notice”
👀 🍿
www.mk.ru/social/2025/...
“bank clients have begun complaining about financial institutions changing their loan terms without prior notice”
👀 🍿
www.mk.ru/social/2025/...
October 31, 2025 at 3:21 AM
Meanwhile in Russia…
“bank clients have begun complaining about financial institutions changing their loan terms without prior notice”
👀 🍿
www.mk.ru/social/2025/...
“bank clients have begun complaining about financial institutions changing their loan terms without prior notice”
👀 🍿
www.mk.ru/social/2025/...
Reposted by Seyyon
Per ProBonds, demand for Russian government bonds is concentrated. The top 5 bidders took 2/3 of the bonds at the second auction today.
Probably all state-owned banks.
Probably all state-owned banks.
October 23, 2025 at 3:00 AM
Per ProBonds, demand for Russian government bonds is concentrated. The top 5 bidders took 2/3 of the bonds at the second auction today.
Probably all state-owned banks.
Probably all state-owned banks.
Reposted by Seyyon
The channel also reports that Chinese businesses in Moscow are using WeChat, Alipay, and “volunteers” to avoid paying Russian taxes.
t.me/c/1989338321...
t.me/c/1989338321...
October 21, 2025 at 6:55 AM
The channel also reports that Chinese businesses in Moscow are using WeChat, Alipay, and “volunteers” to avoid paying Russian taxes.
t.me/c/1989338321...
t.me/c/1989338321...
Reposted by Seyyon
BOFIT Forecast for Russia 2025–2027 is published.
The pace of Russian GDP growth decelerated much more rapidly in the first half of 2025 than anticipated. We now expect full-year growth to remain at or below 1 %.
🔗 www.bofit.fi/en/forecasti...
#Russia #economy #forecast @suomenpankki.fi
The pace of Russian GDP growth decelerated much more rapidly in the first half of 2025 than anticipated. We now expect full-year growth to remain at or below 1 %.
🔗 www.bofit.fi/en/forecasti...
#Russia #economy #forecast @suomenpankki.fi
October 20, 2025 at 11:12 AM
BOFIT Forecast for Russia 2025–2027 is published.
The pace of Russian GDP growth decelerated much more rapidly in the first half of 2025 than anticipated. We now expect full-year growth to remain at or below 1 %.
🔗 www.bofit.fi/en/forecasti...
#Russia #economy #forecast @suomenpankki.fi
The pace of Russian GDP growth decelerated much more rapidly in the first half of 2025 than anticipated. We now expect full-year growth to remain at or below 1 %.
🔗 www.bofit.fi/en/forecasti...
#Russia #economy #forecast @suomenpankki.fi
Reposted by Seyyon
The Russian MinFin has proposed a bill that will allow the Russian president to to introduce currency restrictions unilaterally.
www.kommersant.ru/doc/8139096
www.kommersant.ru/doc/8139096
«Интерфакс»: Минфин предложил расширить полномочия президента в валютной сфере
Подробнее на сайте
www.kommersant.ru
October 20, 2025 at 6:30 PM
The Russian MinFin has proposed a bill that will allow the Russian president to to introduce currency restrictions unilaterally.
www.kommersant.ru/doc/8139096
www.kommersant.ru/doc/8139096
Reposted by Seyyon
The Ministry of Finance announced the issue of 4.25 Trillion rubles in BRAND NEW BONDS
And they are all going to very EXPENSIVE, and these include 2 Trillion Rubles of the most expensive type of VARIABLE RATE BONDS.
And they are all going to very EXPENSIVE, and these include 2 Trillion Rubles of the most expensive type of VARIABLE RATE BONDS.
October 17, 2025 at 5:49 PM
The Ministry of Finance announced the issue of 4.25 Trillion rubles in BRAND NEW BONDS
And they are all going to very EXPENSIVE, and these include 2 Trillion Rubles of the most expensive type of VARIABLE RATE BONDS.
And they are all going to very EXPENSIVE, and these include 2 Trillion Rubles of the most expensive type of VARIABLE RATE BONDS.
Reposted by Seyyon
‼️ Russia: “Russia's largest companies may face financial difficulties, and the state's ability to support their projects has been largely exhausted, Economic Development Minister Maxim Reshetnikov stated”
🍿 there’s more!
www.moscowtimes.ru/2025/10/16/v...
🍿 there’s more!
www.moscowtimes.ru/2025/10/16/v...
October 16, 2025 at 8:39 PM
‼️ Russia: “Russia's largest companies may face financial difficulties, and the state's ability to support their projects has been largely exhausted, Economic Development Minister Maxim Reshetnikov stated”
🍿 there’s more!
www.moscowtimes.ru/2025/10/16/v...
🍿 there’s more!
www.moscowtimes.ru/2025/10/16/v...
Reposted by Seyyon
This is the data for Russia's borrowing for Q3 2025 that @tochnyi.info prepared.If you want to keep up with Russia's domestic debt we cover it every week on the live stream. You can also listen to us talking about the gasoline shortage.
www.youtube.com/watch?v=ORmR...
www.youtube.com/watch?v=ORmR...
October 14, 2025 at 1:33 PM
This is the data for Russia's borrowing for Q3 2025 that @tochnyi.info prepared.If you want to keep up with Russia's domestic debt we cover it every week on the live stream. You can also listen to us talking about the gasoline shortage.
www.youtube.com/watch?v=ORmR...
www.youtube.com/watch?v=ORmR...