Russia’s economy, which needs large scale support from China has long been predicted to reach serious problems some time around 2027. Recent news suggests that time scale may be accelerating.
> The Kremlin offered more indications that it’s acknowledging Russia’s economy is in trouble after years of relying on military spending for growth.
>
> Last week, Economy Development Minister Maxim Reshetnikov told a business conference that the economy “is not easy” and called for reallocating the workforce, which has been tight as Russia’s war on Ukraine and the boom in defense production have created labor shortages.
>
> “Of course, it’s not easy to find staff, and salaries are rising,” he said. “But nonetheless, we coped with all of that somehow because somewhere in the economy there were reserves. Our current records show that these reserves have largely been used up; this truly is the situation and the macroeconomic situation is substantially more difficult.”
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Russia’s economy, which needs large scale support from China has long been predicted to reach serious problems some time around 2027. Recent news suggests that time scale may be accelerating.
> The Kremlin offered more indications that it’s acknowledging Russia’s economy is in trouble after years of relying on military spending for growth.
>
> Last week, Economy Development Minister Maxim Reshetnikov told a business conference that the economy “is not easy” and called for reallocating the workforce, which has been tight as Russia’s war on Ukraine and the boom in defense production have created labor shortages.
>
> “Of course, it’s not easy to find staff, and salaries are rising,” he said. “But nonetheless, we coped with all of that somehow because somewhere in the economy there were reserves. Our current records show that these reserves have largely been used up; this truly is the situation and the macroeconomic situation is substantially more difficult.”
Russia has never been a very successful industrial country, although in WWII, American aid helped it to produce many of the weapons needed to defeat Nazi Germany itself. A major aim of the war was to revitalize Russian industry by capturing the industrial heartlands of Ukraine. This is failing now [as Ukraine strikes Russias main successful business, Oil export](https://kyivindependent.com/ukrainian-drones-reportedly-strike-russian-oil-tanks-before-flames-from-previous-attacks-extinguished/).
1917-style revolutions are stupid. They should try for a 1776 style one.
Lmao Russians would have to be smooth brained to try Communism a second time.
Russia not the juggernaut people thought they were.
As I’ve said before, we’re literally witnessing a former super power’s last days.