Discontent in Russia is growing; oligarchs' uprising against the Kremlin is expected

[Starmix]

According to the report, the Russian economy appears to be "on the verge of a transition to recession," Russian Economy Minister Maxim Reshetnikov said, adding that the next step will be decisive. The comments underscore Russia's mounting economic challenges as it continues its all-out war against Ukraine. "According to figures, we have a cooling stage in the economy. But all our numbers are like a rearview mirror," Reshetnikov said at the St. Petersburg International Economic Forum when asked about Russia's economic situation." According to current business perceptions, we are already, it seems, on the verge of a transition to a recession," the minister added. Reshetnikov clarified that recession is not inevitable and that "everything depends on our decisions. "Russia has faced soaring inflation during its invasion of Ukraine, driven by record wartime spending. This forced the central bank to set one of the highest key interest rates in decades, hurting private investments in non-defense-related sectors.

The report said that the government is trying to maintain control, but discontent in the country is growing. Putin is afraid to declare mobilization, fearing an internal rebellion - not only among the population, but also among the oligarchs who once earned big money, but have now become isolated and persecuted by the financial intelligence of the US, Israel, and the EU," the expert says.


Watch the report on the YouTube link.