Russia has bet everything on this war — economist
Ivan Us, Chief Consultant at the National Institute for Strategic Studies and PhD in Economics, said that the Russian government is spending all its money on defense, ignoring social needs
He spoke about this on Espresso TV.
"Russia has bet everything on this war, to a large extent, it has bet itself when they say that this is a matter of existential existence. Absolutely, they bet their country. Now, at the end of the war, in its finale, I think everything will end with the Russian Federation ceasing to exist as a state. I can't imagine how Russia will survive after the defeat," Us said.
He emphasized that the Russian authorities realize that for them it is a matter of survival and existence, so they will direct all the money to the defense sector.
"It seems to me that starting from the second half of next year, Russia may have no money to pay state employees, because defense is still a priority for them, and they think about it first, and hospitals, education and pensions are all secondary for Russia," said the chief consultant of the National Institute for Strategic Studies.
According to him, in the March report of the Russian central bank, it was written that the problem with the country's economy is that the production of goods and services that make up Russia's GDP has shifted from production and consumption to other areas. Us is convinced that thanks to the head of the Russian central bank, Elvira Nabiullina, and her first deputy, Ksenia Yudaeva, the country's economy is still holding up: "As soon as they are removed, it will only accelerate the fall of the Russian economy."