Putin eating into his financial reserves and suffering claimed expert | World | News


Mr Sonnenfeld explained that Russian dictator Vladimir Putin had around $600 billion in reserves that he was already eating into, the American author then went on to claim that Putin had already eaten into a third of that fund since the beginning of his illegal invasion of Ukraine. Mr Sonnenfeld then went on to explain 300 billion Rubles frozen by the West could be used to rebuild Ukraine. He then went on to predict that Russian could survive for up to two years under strict sanctions.

Mr Sonnenfeld told Times Radio: “He’s got about $600 billion in reserves right now, his sort of rainy day fund, his surplus.

“But he’s eating into that handily, they’ve drawn down about a third of it since the start of the war, and half of that is pretty much held in check.

“So because it’s been frozen by the West and hopefully that $300 billion will be reallocated to Ukraine for its rebuilding.

“So it depends how much he ramps up the war effort, for example, that would drive him.

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Mr Sonnenfeld added: “Right now he could perhaps survive with tremendous hardships for two years or so, with well-done sanction with business exits.

“In Romania with Nicolae Ceausescu, with Jaruzelski in Poland, they do work, they can work but they have to be done comprehensively.

“So what was a critical event this week was that EU stood together despite all the cynics on the sidelines they stood together for 15% rationing of gas, that’s perfect.

“It’s just what they needed to do and Putin didn’t see that coming.”

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Ms Vyshnivska told The Globalist podcast: “We do try to talk to the world and explain that this type of geopolitical sabotage should not work.

“European countries should not buy it, recently there has been a report recently by Yale University to dig into the sanctions and how they affect Russia and Europe.

“There is a number that needs to be remembered – 86 percent of Russian gas supplies is to Europe, while Europe only relies on Russia for 46 percent of its gas.

“The rest of it comes from other countries like Norway and Qatar. Russia is more reliant on Europe than Europe is reliant on Russia.”

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