Russia Economy Meltdown as Moscow Takes £55bn Hit to GDP in Hammer Blow to Putin

Russia economy meltdown as Moscow takes £55bn hit to GDP in hammer blow to Putin

It comes as businesses and consumers across Russia grapple with the effects of spiralling inflation and high interest rates.

A large Russian company has to leave its employees on leave. Sales have recently collapsed massively. This is also due to sanctions.

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What is the current situation of the Russian economy? There has been a turning point. It stopped growing sometime since the summer of last year, and in the first quarter of this year it began to decline. Military production is growing a little, while civilian production has been declining since the summer of last year, but the economy can no longer grow, it is entering a crisis. So what does an economic crisis mean in this case? Will the Kremlin…