Amid economic challenges, Putin has announced a reduction in military spending. The Russian president stated that the government plans to cut defense expenditures, which have already reached record levels unseen since the days of the USSR. Consequently, military spending now acco... #GDPrussia #InflationRussia #Putin #RussianEconomy #SanctionsAgainstRussia
Russian oil prices have fallen to a two-year low and are already 40% below the budget target. The Russian economy is showing a decline for the first time since 2022. The price of Russian oil in rubles has dropped below ₽4,000 per barrel for the first time in two years. This is approximately 40... #GDPrussia #Oilmining #OilPrices #OPEC #RussianEconomy #RussianOil
Putin continues lying about the Russian economy’s health while the Central Bank worries. Vladimir Putin said that last year was successful for the Russian economy, and key macro indicators are positive. Russian budget revenues not related to the sale of hydrocarbons increased by 26% and e... #GDPrussia #InflationRussia #Putin #RussianCentralBank #RussianEconomy #RussianNationalWelfareFund
The ruble has collapsed, and refineries are standing still: How is the Russian economy surviving as the third year of the war approaches? Almost all the available Russian economic resources have already been used, and the country finds itself in a unprecedented situation. The unemployment rate has fallen to a historic low of 2.4%, and t... #GDPrussia #OilRefineryRussia #Ruble #RussianCentralBank #RussianEconomy
The Russian economy will not withstand the cessation of the war and will sink into a crisis. As Welt writes, the Russian economy has proven that it can perform better than expected despite economic sanctions, but its current growth stems from the military industry. Economists predict Russia w... #DefenseIndustryRussia #GDPrussia #RussianEconomy #WarinUkraine
The prolonged invasion has started to significantly impact the Russian economy negatively. According to Bloomberg, Russia’s overheated economy may begin to cool, based on Russian government statistics. While Russia’s GDP jumped more than 4% year-on-year in the second quarter, gr... #DefenseIndustryRussia #EmployeeDeficit #GDPrussia #InflationRussia #RussianEconomy #SanctionsAgainstRussia
The Russian Academy of Sciences predicts the collapse of the aggressor state’s oil and gas economy. Russia will have to bid goodbye to its “energy superpower” status. Having lost access to Western technologies and key markets for the sale of raw materials, Russia will not be able to retu... #Gazprom #GDPrussia #HydroCarbonProduction #RussianEconomy #RussianGas #RussianOil
The war has helped Russia move up in the ranks of countries with a high-income level. For two years, the Russian economy ignored the sanctions levied against it and grew steadily, which has led the World Bank to raise the Russian Federation’s income level rating from an “ab... #GDPrussia #RussianEconomy #WarinUkraine #worldbank #WorldBankForecast
