RUSSIAN Panic
Video Summary
Russia has increased the size of its Armed Forces by 180,000 people, bringing the total number to 1.5 million. This is the third time in two years that President Putin has made such an announcement, with previous increases in 2022 resulting in a mass exodus of people from Russia as they fled to avoid being conscripted to fight in Ukraine. The economic implications of this increase are significant, including the need to pay a large number of new soldiers, which Russia is doing by offering sign-on bonuses of up to $20,000 to attract recruits. Additionally, the loss of so many people to the workforce is causing a crisis in the economy, with companies struggling to fill vacancies and driving up wages.
The Russian Central Bank has responded by increasing interest rates to 19% to combat inflation, but this may not be effective in the long term. The situation is particularly concerning for Russia’s economy as the war in Ukraine continues to escalate, with many more people being called up to fight. This could lead to a further exodus from the country, exacerbating the workforce shortage and economic difficulties. Ultimately, the situation is deemed to be “seriously bad news” for the Russian economy.
Related posts:
RUSSIAN Panic Spreads
RUSSIAN Workforce Shortage is Crippling Economy as War, Mobilization & Low Birth Rate Hurt Russia
RUSSIA Workforce Shortage Destroying Oil & Gas Industry as Wages Escalate – Russia Ukraine War
RUSSIAN Economy Breaking
RUSSIA is Collapsing
RUSSIAN Economy Imploding as Interest Rates are Hiked, Inflation Soars & Worker Shortages Increase
Safe Unsound – Exploring a Film Following the Lives & Challenges of Displaced…
Ukraine state-owned enterprises weekly — Issue 152
Related:
