RUSSIA’S ECONOMIC COLLAPSE IS COMING SOON Vlog 832: War in Ukraine
Video Summary
The Russian economy is often perceived as strong, but in reality, it is struggling. Russia’s GDP is similar to that of Italy, a country much smaller and more peaceful than Russia. The country is heavily reliant on its natural resources, which are not even its own, but rather those of the National Republics it has imprisoned within its federation. Russia’s economy is often described as a “dig and sell” economy, where it exhausts its natural resources without investing in innovation or new businesses. The country is also plagued by high inflation, with Russia losing 10% of its GDP annually. The war in Ukraine has exacerbated the situation, with Russia’s economy heavily reliant on state subsidies to fund its military efforts. The country is also struggling to repair its damaged economy due to Western sanctions, which have resulted in a significant reduction in its oil production. Russia’s reliance on old Soviet-era equipment and weapons is also a major concern, with many of its systems being outdated or no longer functioning properly. As a result, some analysts predict that the Russian economy may collapse by 2025, which would likely lead to the end of the war and a more peaceful resolution in Ukraine.
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