Russia’s economy is threatened with collapse

Russian National Bank

According to official figures, the Russian economy is doing better than expected, but a look at the details reveals abysses.

(Photo: IMAGO/ITAR-TASS)

Berlin A bunker mentality has long prevailed in Russia’s economic and financial world. In the truest sense, the Russian government now meets regularly underground to discuss the country’s economic situation. Russian officials say there is a giant 180-degree screen in the meeting room of the facility, called the “bunker.” The state of the Russian economy can be seen on large charts – with many red numbers.

The situation in several sectors of the economy is considered extremely critical: the supply of microchips and IT hardware is poor, as is the situation in Russian aircraft construction and the automotive industry due to a lack of parts and machines. All consequences of the war against Ukraine instigated by Russia.

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