US EditionRussia's Economic Meltdown: Consequences and Prospects for the Future
16 Articles
16 Articles
Russia's Economic Meltdown: Consequences and Prospects for the Future
Moscow faces the prospect of serious turmoil as protests in response to the financial crisis spread throughout Russia. What underlying policies beyond the global financial crisis gave rise to the current problem and how well is the Putin administration weathering the storm? At a recent event by the Carnegie Endowment for International Peace, Clifford Gaddy and Barry Ickes discuss the main issues.
In June, the Russian central bank cut its key interest rate by one percentage point for the first time in three years. Its governor, Elvira Nabiullina, then warned at an economic forum in St. Petersburg that the Russian economy could falter as the resources it had used since the war were exhausted. Speculation immediately arose that the Russian economy would collapse.
In Russia, growth will halve to two percent in 2025, predicts the Vienna Institute for International Economic Comparisons. In Ukraine, it will only be slightly higher. The problems are complex.
The ruble rolls - or even not. According to experts of the Russian economy, high interest rates are increasingly creating. In Kiev it does not look better.
Crisis processes are taking place in the coal, oil, construction, automobile and logistics sectors of the Russian Federation.
Russia is experiencing a crisis in a number of key sectors of the economy. But Moscow is trying to hide it. This was reported by RBC-Ukraine with reference to the press service of the Foreign Intelligence Service of Ukraine. According to the SVR, crisis processes in Russia are observed in the coal industry, oil refining, construction, the automotive industry and logistics. Such industries generate about 17% of the Russian budget revenue. "52% of…
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