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The Russian war economy is facing a ‘moment of truth’ as Putin’s dwindling cash reserves raise odds of a financial crash, expert says. Jason Ma. January 26, 2025 at 2:33 PM.
Russia is facing the mounting risk of stagflation, a think tank tied to the Kremlin has said. TsMAKP said the nation's high interest rates would trigger an economic downturn while inflation ...
And yet, Russia can't easily stop the war without shutting off one of the key engines of its economy: its hefty defense budget. The nation allotted a record 6% of GDP to defense spending in 2024.
The Russian economy is also suffering from a lack of foreign investment caused by Western government sanctions that ban companies from doing business with Russia.
Russia's economy will be under major strain in 2025, economists told BI. One said stagnation was similar to the USSR at the start of the 1980s. Russia's economy is entering a year of pain in 2025
The Russian economy ultimately shrank by 2.1% in 2022, far less than had been earlier predicted by the Russian economic ministry, World Bank, and Institute of International Finance. [ 260 ] [ 261 ] Sanctions imposed by the U.S., Europe, and other countries adversely affected the Russian economy, [ 260 ] [ 261 ] and Russia's manufacturing ...
Also, since Russia's economy was operating to such a large extent on barter [21] and other non-monetary instruments of exchange, the financial collapse had far less of an impact on many producers than it would have had the economy been dependent on a banking system. Finally, the economy was helped by an infusion of cash.
The inflationary pressures on the Russian economy remain high, despite the Russian Central Bank setting an interest rate of 18%. An annualized rate of price increases from May to July stands at 10 ...