Russia’s Economic Crisis: What’s Really Happening?

WooGlobe

Inflation is soaring, businesses are collapsing, and the ruble is tumbling. Is Russia’s war-driven economy heading for disaster? Watch now to uncover the hidden truths. Location: London WooGlobe Ref : WGA148551 For licensing and to use this video, please email licensing@wooglobe.com

Transcript

00:00Russia's economy is on a knife's edge, inflation is surging, borrowing costs are

00:04skyrocketing, and bankruptcies are piling up, sparking a cascade of challenges that

00:09threaten its war-fueled financial stability.

00:13Since the invasion of Ukraine in 2022, President Putin has downplayed the impact of Western

00:18sanctions.

00:19But as we approach 2025, the cracks in Russia's economic armor are impossible to ignore.

00:25In November, inflation hit nearly 9%, forcing the central bank to hike interest rates to

00:31a staggering 21%, the highest in two decades.

00:35Yet, the effects are devastating.

00:38Essentials like butter have seen prices jump by over 30%, leading to increased supermarket

00:43thefts.

00:44The war isn't just costing money, it's costing people.

00:48Labor shortages, fueled by military conscription and migration rules, have left Russia short

00:53by about 1 million workers.

00:55This drives wages—and prices—even higher.

00:59Small and medium businesses are bearing the brunt, with borrowing costs at 25-30% crippling

01:05investments.

01:06Even major firms like Russian Railways are slashing spending by 40%.

01:11Despite Putin's insistence that the economy is strong, forecasts predict growth to plummet

01:16to below 1.5% next year, down from 3.5% in 2024.

01:22The ruble's recent tumble only adds to the uncertainty.

01:26As military spending soars and economic pressures mount, Russia's war machine faces a daunting

01:32question.

01:33How long can it keep running before the economy stalls?

Category

Transcript

Recommended