RUSSIAN Economy Destroyed by Russian Ukraine War

Video Summary

The Russian economy is not as strong as people believe. In fact, Russia is experiencing severe economic problems. One of the key metrics to examine is inflation, which has risen to 9.1%, the third-highest in the G20, with only Argentina and Turkey having higher rates. This is a significant problem, as it indicates that the economy is not controlled and is experiencing severe inflation. The interest rate is also high at 18%, which is more than three times the rate in the US and UK. This makes it difficult for the Russian Central Bank to control inflation.

Another key area to look at is producer prices, which have increased by 13.7% over the past year, the highest in the G20. This is off the scale compared to other countries like the US and UK. This will lead to further inflation and make it difficult for the Russian authorities to control.

The Russian currency, the ruble, has also deteriorated in value, with a 20% decline over the past two years. This indicates that the economy is in a worse position than it was before the war started. The Russian Central Bank has introduced policies to keep the ruble’s value from falling, but this will not last forever.

In conclusion, the data shows that Russia’s economy is under severe pressure, with high inflation, high interest rates, and a declining currency. The conversion to a war economy is not sustainable in the long term and will only exacerbate the problems. The economic sanctions imposed on Russia are also strangling its income and adding to its financial woes. Ultimately, this is bad news for Russia’s economy and its citizens.

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