Russia’s Elite Feel the Pinch as Economic Slowdown Intensifies
Economic stagnation is causing significant unrest among Russia’s elite. While they may still enjoy opulent lifestyles, the slowing growth is a clear indication that the country’s economic health is deteriorating, a fact that cannot be easily ignored, even by those accustomed to privilege. The Kremlin, naturally, is concerned, but the situation hasn’t yet reached a critical point that would severely hinder their war efforts. This indicates a level of resilience in the Russian system, however fragile it might appear.
The economic slowdown is not solely attributable to external factors such as sanctions. Internal mismanagement, the significant financial investment in the war effort, and other military ventures play a much larger role.… Continue reading
Matt Underwood