31.10.2022

Mobilization is the final nail in the coffin of the russian economy

According to rosstat, the Russian automobile industry shrank by 77% in September, factories and factories in the processing sector cut output by 5 times, and gas production fell by 26%. Overall, russian regions experienced a 20% drop in business income, and russians began to buy 30-50% less.

“These are still optimistic numbers.” There is no mobilization, which effectively hammers the final nail into their economy. This is a decrease in demand and, as a result, in sales. This is a service location. Finally, the situation gripped cities such as Moscow and St. Petersburg, prompting people to flee abroad. Russian estimates suggest that 700,000 people fled the aggressor country. In addition, 300,000 people have been mobilized. That is, a million working-age people in the negative. And this is a working population that has earned money and has the ability to spend it, – says Ilya Neskhodovskyi, the head of the analytical department of the National Interests Advocacy Network “ANTS”. – Then things will get even worse. In December, direct sales of fuel, specifically oil, will cease in Europe, and price controls will be implemented – a disaster. We will see a drop in their incomes not by a few tens of percent, but by several times by the beginning of 2023. Already, in order to pay off the deficit, they are attempting to withdraw one trillion rubles from their fund – a massive sum. As a result, everything is just getting started. And the start of 2023 will be disastrous for them.”

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