First signs of economic colaps in Russia
From the beginning of the invasion in Ukraine, Rusia economy get a burst by rising prices for natural gas and by giving a lot of state contracts in strategic industries. The international sanctions was for long time inefficient.
Now, according to BBC, that quote Russian newspapers, there are first signs of true economic problems in the Russian society.
Today’s Russian papers focusing again on economic problems: ▪️ “To pay utility bills some Russians are falling into debt" ▪️ “Rise in bread prices outstripping inflation” ▪️“Cement factories on the brink” ▪️ Call to "freeze basic food prices to battle inflation" Old article: What did Putin want by invading Ukraine?Today’s Russian papers focusing again on economic problems:
— Steve Rosenberg (@BBCSteveR) July 18, 2025
▪️ “To pay utility bills some Russians are falling into debt"
▪️ “Rise in bread prices outstripping inflation”
▪️“Cement factories on the brink”
▪️ Call to "freeze basic food prices to battle inflation" #ReadingRussia pic.twitter.com/QpGEUVoCw4
It is right, Russia has a diversified economy, which allows it relative autonomy. In addition, for the moment, its foreign trade is net positive. But globally its industry is uncompetitive. It exports almost exclusively raw materials and imports everything that means advanced technology. It is not a successful scheme that preserves it as a global actor and that can generate social development. And if its main exports were to be banned, the prospect of entering the deficit is a very concrete one.
Comments
Post a Comment