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Amid the economic crisis in the Russian Federation, which has been intensifying since the start of the military aggression against Ukraine, the civilian sector is sinking into prolonged stagnation, the Ukrainian Foreign Intelligence Service reports.
In Russia, high interest rates are causing a sharp decline in household purchasing power, paralyzing the domestic market.
There is also a rapid increase in hidden unemployment. Many Russian enterprises are sending employees on unpaid leave or reducing them to part-time work.
Additionally, the budgetary situation reflects a complete failure of financial planning. In July alone, Russia’s federal budget deficit reached one trillion rubles, while the entire military-industrial complex continues to receive stable funding, unaffected by high interest rates and expensive loans.
It is also reported that Russia is preparing for a drop in the global oil price to $40–50 per barrel in the near future.
Read also: Turkey Supports Establishing Lasting Peace in Ukraine with All Parties – Erdoğan
