https://www.pravda.com.ua/eng/news/2025/01/27/7495467/index.amp
https://www.express.co.uk/news/world/2005845/russian-economy-bankruptcies-ukiraine-war/amp
Russian economy meltdown with 'moment of truth' and 'major bankruptcies' looming
Russia's economy is "reaching a crisis stage" and facing its "moment of truth", an expert hs warned, with pressure mounting on Vladimir Putin.
Businesses and consumers have been hit by a double whammy of spiralling inflation and high interest rates.
With interest rates at a record high of 21%, businesses in particular are struggling to pay back bank loans, with many reportedly facing bankruptcy.
Anders Åslund is a renowned Swedish economist and author with a detailed understanding of the Russian economy.
In an article for Project Syndicate, he argued Russia was heading for stagflation, meaning high inflation combined with minimal growth.