Russian economy on the verge of implosion
General Michel Yakovleff, former deputy chief of staff of SHAPE (NATO) has analyzed Russia's latest economic results, and he believes that the country is on the verge of collapse. This is what he published on X.
Russia's latest economic results show how instability is present. The war economy is running at full speed, and the printing press too. As a result, the inflation rate is 9%, the value of the ruble is in free fall, 1 euro is equal to 104 rubles.
Real inflation could be higher. The cycle is not virtuous in the case of a war effort, because there is no economic circulation of production and value. It's society that pays the price.
Furthermore, Putin's regime continues to get into debt by promising insane sums to new soldiers recruited into the army.
On the banking side, interest rates are at 19%, which is sending Russia into a wall.
And for its GNP, Russia has suffered a -25% decrease in fossil energy exports. The defense budget is constantly increasing and represents 30% of the state budget.
Finally, General Michel Yakovleff concludes with irony:
"Formidable Russian economy."
(MH with AmBar/Source: X/Photo: DPA/ Russian Look/Kremlin pool)