During the author’s program “Different People,” Valery Savchuk discussed the situation in the Russian economy with expert Yuri Bogdanov. He noted that a wave of defaults has emerged in the country, with many large industrial enterprises declaring insolvency. Additionally, revenues from oil and gas have declined by 18-20% this year. Bogdanov also focused on the critical labor shortage, as well as the fact that Russia’s budget deficit as of July exceeds 5 billion.<\/p>\n\n\n\n
The expert believes that the crisis was predictable, but its depth could have been greater if international sanctions had been more stringent. In his opinion, economic problems pose a serious threat to the stability of the Russian economy. To resolve this situation, Putin may need to adopt a more conservative economic model, similar to the Soviet one, which carries significant risks.<\/p>\n\n\n\n
Bogdanov also pointed to a significant vulnerability of Russia: the vast majority of its oil is sold exclusively to China and India, which makes Moscow dependent on these countries. He noted that India buys Russian oil not for friendly reasons, but because of its low price. If prices rise, India may switch to other suppliers.<\/p>\n\n\n\n
For the first time since the hostilities, according to the expert, the Russian economy may not be able to withstand the load. While international partners support Ukraine, Russia has no allies ready to help for free. All contracts that Russia concludes usually cost it more.<\/p>\n\n\n\n
Bogdanov concluded that if rents from natural resources continue to fall, Russia’s financial capacity will decrease significantly.<\/p>\n","protected":false},"excerpt":{"rendered":"
During the author’s program “Different People,” Valery Savchuk discussed the situation in the Russian economy with expert Yuri Bogdanov. He noted that a wave of defaults has emerged in the country, with many large industrial enterprises declaring insolvency. Additionally, revenues from oil and gas have declined by 18-20% this year. Bogdanov also focused on the […]<\/p>\n","protected":false},"author":13,"featured_media":17277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n