State of Russian Economy: CentroBank Rings Alarm. China Stabs in the Back, yet Again. Vladimir Milov & Michael Nacke
Privateer Station: War In Ukraine16 Sep 2024

State of Russian Economy: CentroBank Rings Alarm. China Stabs in the Back, yet Again. Vladimir Milov & Michael Nacke

Putin's Central Bank has already raised the rate to 19%! A little more, and it will approach the values at the beginning of Russia's full-scale invasion of Ukraine.

Why is this happening? HEad of Central Bank Elvira Nabiullina explains that everything is bad in general: the labor shortage is growing, inflation is growing, and production is at capacity. Honestly, Nabiullina's speeches are the most oppositional content about the Russian economy today.

In general, the situation is quite hopeless. At this rate, by the middle of next year, Russia will not be able to meet its own financial needs.
The situation is worsened by falling oil prices, which, judging by everything, do not plan to stop falling.

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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