Russia’s Economic Crisis Looms Large
Russia is facing a major economic problem. The country has been spending a lot of money on its war with Ukraine in the Donbas region. But now, it’s running out of money.
According to Vladimir Milov, Russia’s former deputy energy minister, the Kremlin needs to make some tough choices soon. He says that if things don‘t change, the economic situation will get much worse.
Russia’s Central Bank has raised interest rates to 21%. This means that people who borrow money have to pay a lot more to do so. At the same time, Russia’s National Wealth Fund is running low on funds.
Milov believes that in 2025, Russia may need to consider peace talks with Ukraine. He thinks this could be the only way for the country to avoid economic collapse.
The situation doesn’t seem urgent at first glance, given Russia’s recent advances in Donbas. However, the economic data tells a different story.
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