The standard of living in Russia will fall, and this will be a gradual but constant process. The aggressor country will focus on starting the negotiation process as soon as possible.
This was announced on Channel 24 by investment banker Sergey Fursa. He stressed that war is a very expensive “pleasure”. And never plays in favor of the economy.
There will be no drop
As an example of this, Sergei Fursa recalled the story of Iran. Sanctions have been in effect there for 40 years. And during this time the country became very poor.
“For 40 years, Iran's GDP has decreased. During this time, other countries have grown 2, 3, 4 times. And now they really remain poor,” the expert said.
There was no specific moment when everything fell. Therefore, this should not be expected in Russia, Fursa said.
“Gradual degradation will continue. The standard of living will fall and it will be a constant process. It has already begun. It was last year, although the Russian economy was greatly helped by the profits that it received due to high energy prices. This year, these super-profits will not be But inertially, there will be a gradual decline,” the speaker explained.
What will Russia do
It is clear that the prospects in any case are not for the best. Therefore, Russia will focus on negotiations, Sergey Fursa noted. In addition, China “highlights” this position.
“Secondly, they will print funds. We talked about when this” national wealth fund “will be spent. Because war is very expensive. If only sanctions affected their budget. Their budget expenses increased by 43% with a drop in income – this is will put pressure on them, and we will monitor what is happening with the Russian budget,” the investment banker emphasized.
Russian Economy: Latest
- In January 2023, Vladimir Putin summed up the results of the year and assured that none of what the enemy envisaged for the economy happened. However, political scientist Igor Reiterovich analyzed – in the aggressor country there is a colossal drop in the pace of economic development. The standard of living of Russians has also significantly decreased and deteriorated.
- Bloomberg reports that Russia's budget deficit in January is $25 billion. This happened because of the oil sanctions, because the day before the embargo on the supply of Russian oil was joined by an embargo on the supply of their oil products. And from this Russia suffers losses of 100 million euros daily.
- Bloomberg also noted that this year will bring even greater difficulties to Russia.
