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Running the law on resources, Russia can still support the war effort
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Running the law on resources, Russia can still support the war effort

The huge burden the war is putting on Russia’s economy has caused it to overheat, but the Kremlin still has the resources to continue the war.

That’s what a report by The Washington Post.

The publication refers to Russian economists, including Vladislav Inozemtsev, a member of the Center for Analysis and Strategies in Europe (known as a “foreign agent” in Russia), who believes that Moscow is capable of sustaining the war against Ukraine for one to three . years due to huge revenues from the sale of oil and the ineffectiveness of Western sanctions.

At the same time, the head of the Russian Central Bank, Elvira Nabiullina, warned that the production capacity is “almost exhausted” in Russia. She announced a long period of high interest rates to reduce inflation, but so far the measure has not yielded positive results.

Read also: Russia is trying to weaken that of Ukraine economyforce it out of foreign markets – FM

A survey conducted by the Union of Industrialists and Entrepreneurs of Russia in October showed that 83% of companies find it difficult to hire workers.

There is a shortage of bus drivers in Siberia. On Russian farms, milkmaids are paid the same high wages as IT experts to keep them on the job, while hotels struggle to hire waiters, cleaners and cooks.

According to analysts, Putin will inevitably cut social spending on education, healthcare and civil infrastructure.

It is noted that despite Russia’s ability to wage war for some time and produce primitive weapons in bulk, its military-industrial complex is not capable of producing modern weapons and military equipment.