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.
The number of “economic experts” I’ve heard claim the Russian economy is fine and isn’t collapsing anytime soon is insane, and it is always based on those fake numbers, without regard for reports about what is really going on.
There’s a reason Russia is selling out of their gold reserves again, and it’s not that the Russian economy is in good shape.
The Russian economy has been in steep recession for more than a year, but they have faked the numbers to look like they are not.
Unfortunately many governments have trusted the “experts”, and that has influenced policies towards Russia, and probably prevented actions that could have helped push Russia over the edge sooner. Like the lame ineffective efforts against the Russian shadow fleet.
It probably also prevented pressure from Europe on USA (Biden) to allow Ukrainian attacks on oil refineries, something Ukraine wanted to do, but only began doing after USA stopped helping with military equipment. And quite frankly Ukraine is doing better now without help from USA, than they were doing with USA help but with conditions attached like Ukraine wasn’t allowed to attack into Russia AT ALL! Preventing Ukraine from attacking Russian supply lines, and artillery that was on Russian ground. Biden was a huge millstone around the neck of Ukraine even more than Trump! Despite the early help from Biden was crucial in the beginning of the war. Biden was apparently afraid of Putin, and what he will do when he loses.
The number of “economic experts” I’ve heard claim the Russian economy is fine and isn’t collapsing anytime soon is insane, and it is always based on those fake numbers, without regard for reports about what is really going on.
There’s a reason Russia is selling out of their gold reserves again, and it’s not that the Russian economy is in good shape.
The Russian economy has been in steep recession for more than a year, but they have faked the numbers to look like they are not.
Unfortunately many governments have trusted the “experts”, and that has influenced policies towards Russia, and probably prevented actions that could have helped push Russia over the edge sooner. Like the lame ineffective efforts against the Russian shadow fleet.
It probably also prevented pressure from Europe on USA (Biden) to allow Ukrainian attacks on oil refineries, something Ukraine wanted to do, but only began doing after USA stopped helping with military equipment. And quite frankly Ukraine is doing better now without help from USA, than they were doing with USA help but with conditions attached like Ukraine wasn’t allowed to attack into Russia AT ALL! Preventing Ukraine from attacking Russian supply lines, and artillery that was on Russian ground. Biden was a huge millstone around the neck of Ukraine even more than Trump! Despite the early help from Biden was crucial in the beginning of the war. Biden was apparently afraid of Putin, and what he will do when he loses.