By Victor Duda
According to the expert, the Russian economy is not one of the top ten largest in the world. The sanctions of the event really had a fairly noticeable effect. Inflation in Russia increased sharply immediately after the start of the war with less than 10% to about 18%. In total, the Kremlin has lost more than $ 100 billion because of oil sanctions. Liliko noted that the economies that are in a state of war, often find a way to last longer than you can think.
For example, at the expense of sectors related to the defense industry. The Russian Federation also helped the recent increase in oil prices in connection with events in Israel. However, as an economist reported that in the end, sanctions and high costs of the army can have a very negative impact on the Russian economy. "The Russians have a recent experience of excessive military expansion leading to an economic collapse.
The Soviet Union of Late period spent from 12 to 17% of GDP on its army in the 1980s," Liliko wrote. He noted that the Russian military expenditures have not yet reached this level, but if the war is delayed and additional mobilization is necessary, the Russian Federation can quickly find themselves in a very bad situation. We will remind that the media reported that why Russia is profitable for its depreciation of its own currency.
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