A look at what is going on in the Russian economy...
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Vladislav Inozemtsev, an associate fellow at the Russia and Eurasia Programme of the London-based think tank Chatham House:
“It is worth noting that government policy – including efforts to nationalise certain ‘strategic’ companies, raise taxes, and cut social spending – is doing far more damage to the economy than Western sanctions and the deteriorating external environment combined,” Inozemtsev said.
“Frankly, it is hard to imagine any improvement in the state of the Russian economy before the war ends.”
I think that he and Russia's central bank are in probably agreement. The difference between the two is that he does not risk being sent to a gulag for publicly voicing his opinion whereas the head of the central bank cannot be so sure.
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Vladislav Inozemtsev, an associate fellow at the Russia and Eurasia Programme of the London-based think tank Chatham House:
“It is worth noting that government policy – including efforts to nationalise certain ‘strategic’ companies, raise taxes, and cut social spending – is doing far more damage to the economy than Western sanctions and the deteriorating external environment combined,” Inozemtsev said.
“Frankly, it is hard to imagine any improvement in the state of the Russian economy before the war ends.”
I think that he and Russia's central bank are in probably agreement. The difference between the two is that he does not risk being sent to a gulag for publicly voicing his opinion whereas the head of the central bank cannot be so sure.
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