{"id":1290304,"date":"2026-01-22T15:44:00","date_gmt":"2026-01-22T13:44:00","guid":{"rendered":"https:\/\/uatv.ua\/?p=1290304"},"modified":"2026-01-18T11:39:00","modified_gmt":"2026-01-18T09:39:00","slug":"russia-s-economy-enters-a-phase-of-expensive-money-amid-the-war-against-ukraine-intelligence","status":"publish","type":"post","link":"https:\/\/uatv.ua\/en\/russia-s-economy-enters-a-phase-of-expensive-money-amid-the-war-against-ukraine-intelligence\/","title":{"rendered":"Russia\u2019s economy enters a phase of \u201cexpensive money\u201d amid the war against Ukraine \u2014 intelligence"},"content":{"rendered":"\n<p>Russia\u2019s economy is entering a phase of \u201cexpensive money,\u201d which is becoming the new normal amid the war against Ukraine and prolonged macroeconomic instability, according to the Foreign Intelligence Service of Ukraine, <a href=\"https:\/\/uatv.ua\/en\/\">UATV English<\/a> informs.<\/p>\n\n\n\n<p>Signals from the Bank of Russia indicate that the high cost of capital will persist for a long time, forcing businesses to abandon inertia-based planning, cut investment, and tightly control working capital.<\/p>\n\n\n\n<p>Russian companies will be compelled to reassess project payback periods, payment deferral terms, and the real cost of borrowed funds. As a result, even with formally stable demand, caution is increasing and willingness to pursue growth is declining.<\/p>\n\n\n\n<p>Additional pressure on businesses will come from tax policy. From January 1, 2026, Russia will apply a higher VAT rate of 22%. This complicates settlements with counterparties, increases the risk of tax disputes, and raises administrative burdens\u2014particularly painful for small and medium-sized enterprises in a wartime economy.<\/p>\n\n\n\n<p>The labor market remains tight, with more vacancies than workers. Low unemployment amid mobilization and demographic losses means heightened competition for staff and upward pressure on payrolls. At the same time, an expected slowdown in wage growth is pushing businesses to seek alternatives to the \u201cwage race\u201d through automation, function reductions, and higher demands for universal skills.<\/p>\n\n\n\n<p>Logistics challenges are also mounting. Mandatory electronic document flow and tighter regulation of international transport increase the risk of delays and inspections. For marketplace sellers, the situation is worsened by new platform-economy rules, higher taxes, and regulatory uncertainty\u2014sharply raising the cost of any mistake.<\/p>\n\n\n\n<p>\u201cTaken together, these factors show that the economic consequences of the war against Ukraine are increasingly hitting Russia\u2019s domestic business environment. Instead of development and investment, companies are forced to focus on survival, legal defense, and risk minimization, indicating a systemic degradation of the economy in the medium term,\u201d the intelligence service said.<\/p>\n\n\n\n<p>As previously reported, for the first time since the start of the full-scale war against Ukraine, the Kremlin has officially acknowledged that Russia\u2019s economy has lost momentum and entered a stagnation phase.<\/p>\n\n\n\n<p><strong>Read also:<\/strong> <a href=\"https:\/\/uatv.ua\/en\/czech-republic-ready-to-provide-combat-aircraft-to-ukraine-for-counter-drone-missions\/\">Czech Republic Ready to Provide Combat Aircraft to Ukraine for Counter-Drone Missions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia\u2019s economy is entering a phase of \u201cexpensive money,\u201d which is becoming &#8230;<\/p>\n","protected":false},"author":31,"featured_media":1290306,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,49,36415,36422,53,50],"tags":[76,78],"sources":[],"class_list":["post-1290304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-news-en","category-11473-news-en","category-11473-news-en-3","category-russia-en","category-svit-en","tag-glavnoe-en","tag-homepage-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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