putin is in a difficult economic situation, according to The Economist.<\/p>\n
The main points of the article:<\/p>\n
\u25ab\ufe0f russia’s central bank recently raised its key interest rate to 21%, the highest level in 20 years, and markets predict it will rise to 23% by the end of the year.<\/p>\n
\u25ab\ufe0f This indicates future economic difficulties for russia.<\/p>\n
\u25ab\ufe0f Annual spending on defense and security is expected to rise to 17 trillion rubles ($170 billion), accounting for more than 40% of all government spending, or 8% of russia’s GDP.<\/p>\n
\u25ab\ufe0f The russian economy shows all the characteristic signs of overheating, with annual inflation exceeding 8%.<\/p>\n
\u25ab\ufe0f This year, the number of corporate bankruptcies has increased by 20%.<\/p>\n
\u25ab\ufe0f The IMF expects russia’s economic growth to slow sharply to 1.3% next year.<\/p>\n
\u25ab\ufe0f The need to maintain the value of the ruble to pay for critical imports is a vulnerability for putin that could affect his ability to wage war.<\/p>\n
At the same time, as the Center recently reported, the russian ruble exchange rate broke the psychological mark of 100 rubles to the dollar for the first time in a year.<\/p>\n
This indicates that moscow’s bloody military machine is not only depleting the country’s resources but is also leading Russia to an economic crisis that will only deepen with continued aggression.<\/p>\n","protected":false},"excerpt":{"rendered":"
putin is in a difficult economic situation, according to The Economist. The main points of the article: \u25ab\ufe0f russia’s central bank recently raised its key interest rate to 21%, the highest level in 20 years, and markets predict it will rise to 23% by the end of the year. \u25ab\ufe0f This indicates future economic difficulties…<\/p>\n","protected":false},"author":3,"featured_media":23437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_post_transparent":"default","_kad_post_title":"default","_kad_post_layout":"default","_kad_post_sidebar_id":"","_kad_post_content_style":"default","_kad_post_vertical_padding":"default","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","wds_primary_category":930,"footnotes":""},"categories":[932],"tags":[],"class_list":["post-23436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe"],"acf":[],"_links":{"self":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts\/23436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/comments?post=23436"}],"version-history":[{"count":0,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts\/23436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/media\/23437"}],"wp:attachment":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/media?parent=23436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/categories?post=23436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/tags?post=23436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}