Russia’s Economy Is Starting to Come Undone
Russia's economy is squeezed and shifted to lower growth. Oil and gas revenue fell by 50%. The economy is becoming ever more reliant on China.
- Russia's government revenue is being squeezed and its economy has shifted to a lower-growth trajectory.
- Oil and gas revenue fell by nearly half in the first two months of this year compared with last year.
- The labor force has shrunk as young people are sent to the front or flee the country over fears of being drafted.
- Russia is becoming ever more reliant on China.
- Russian economy is entering a long-term regression.
Russia’s Economy Is Starting to Come Undone
Investment is down, labor is scarce, budget is squeezed. Oligarch: ‘There will be no money next year’