Part 1/9:
The Current State of the Russian Economy: An In-depth Analysis
The Russian economy finds itself in a precarious position as it grapples with high inflation rates and a depreciating currency. Despite implementing steep interest rate hikes aimed at controlling inflation—rising to 9.5% in December—economic stability under the Kremlin appears to be an illusion. This article examines the findings of a new paper by Craig Kennedy and explores the intricate balance of state finances amid escalating military expenditures.