Russia's economy in the crisis: Putin's key industries under pressure

Russia's economy in the crisis: Putin's key industries under pressure

Moskau, Russland - The Russian economy faces serious challenges. As Merkur has currently achieved inflation in Russia, which is also exacerbated by the severe decline in the scratch. Despite several interest rate increases by the central bank, which has now increased the key interest rate to 21 percent, inflation remains stubborn and burdened by companies and consumers. Economists warn of an impending bankruptcy wave, especially in the heavily affected shopping center industry, of which around 25 percent are considered to be at risk of insolvency. This development could have dramatic consequences for retail, which is already in a difficult economic environment.

industry under pressure

In addition to the challenges in retail, the armaments industry suffers from massive financial pressure. According to wikipedia , western sanctions and the lack of decisive components in the international market are serious problems for this industry. Lack of staff is also perceived as a major challenge, which has a negative impact on the production capacities. While defense expenditure remains high due to the geopolitical tensions, the question of the long -term economic stability of Russia is uncertain in the face of these multipliers. Experts attribute the record-high expenses to the Ukraine conflict.

Overall, there is a picture in which the dependence on raw materials and high inflation of Russia's economic perspectives. Despite a nominal growth of gross domestic product, a fundamental diversification of the economy is considered necessary to prevent future crises. The challenges are further intensified by the international environment and the persistent pressure of the western sanctions, which could potentially lead to a profound rethink in Russian economic policy.