Swedish intelligence said Russia has been covering up a weak, debt-driven economy hit by war costs and sanctions, warning of rising inflation and banking risks.
According to Nilsson, the real inflation rate in Russia is closer to the key interest rate of 15% than to the Russian Central Bank’s official estimate of 5.86%."
The Russian economy can only go on one of two scenarios: long-term recession or shock," Nilsson said. “In either case, it will continue on a downward trajectory towards financial disaster.”
22·14 hours ago