Russia "on the verge of recession": Putin replied to officials when he reduces the cost of the army

According to him, countries will spend money on purchases in the US and support the US military-industrial complex. "So who is preparing for some aggressive actions? Are we or are they?" Said Putin during the summit in Minsk. The head of the Central Bank of Russia, Elvira Nabiullin, also expressed anxiety because many of the resources used by the country to economic support for the war were "really exhausted".

"We have grown over two years at a rather high rate because free resources were attracted," she explained. In 2024, the Russian economy increased by 4. 3%. However, to contain inflation, the interest rate was increased to 21%and subsequently reduced to 20%. The publication emphasized that it is a "stunning level", and inflation is largely due to the sanctions at which imports increased in price.

At the same time, wages have taken off in the Russian Federation to a 16-year maximum, because due to the enthusiasm for employees in the defense sphere, labor shortages emerged. The Russians, ready to sign a contract with the Armed Forces of the Russian Federation, offered high salaries and generous bonuses.

The hostile MIC was beneficial from increasing government spending, but the private sector was affected by the demand and increasing costs instead, as well as large debts due to "over -the interest rates". According to the media, Russian bank officials have warned the Kremlin about the risk of crisis. This is due to increasing companies that are not able to pay for their loans.

In addition, in the future, the Russian Federation may have to spend on the reintegration of the invaders - from almost 140 thousand soldiers who have already returned from the front, more than 50% remain unemployed. However, during the St. Petersburg International Economic Forum, Putin waved away from the statements that the Russian economy was in decline. "As for the" murder "of the Russian economy, as one famous writer said," rumors of my death are greatly exaggerated, "he assured.

We will remind, during a briefing on the results of the trip to Minsk President of the Russian Federation Vladimir Putin declared readiness for the third round of negotiations in Istanbul. He reported that the negotiation groups are in constant contact, and the subject of discussion will be peaceful memorandums. The Financial Times informed about the emergence of a new cryptocurrency, which is called the first steiblcoin, tied to the ruble.