State of Russian Economy: CentroBank Admits Defeat. Personnel Shortage in Military Production. Vladimir Milov & Michael Nacke
Privateer Station: War In Ukraine19 Jun 2024

State of Russian Economy: CentroBank Admits Defeat. Personnel Shortage in Military Production. Vladimir Milov & Michael Nacke

A very busy week with no positive news for the Russian economy. Oil is falling, inflation is rising, and the personnel shortage is simply gigantic.
Russia's military-industrial complex is 160,000 people short. And there is nowhere to take them. This means that Russia, at the peak of its production and military capabilities, simply cannot strengthen itself.

It's even worse with money. An even more deficit budget has been officially set. And according to St.Petersburg International Economic Forum (SPIEF) participants, tax increases and nationalization put an end to any talk about investments.

This and much more in the latest economic report with Vladimir Milov!



YouTube channel of Vladimir Milov: @Vladimir_Milov

English translation by PrivateerStation

Original video in Russian: https://youtu.be/RPdGgRO7fdw

Original material by: Michael Nacke
You can support them 💰@ /macknack


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