"War will be unsustainable": analyst names factors for Russia's economic collapse

He spoke about this on Espreso TV. 

"The aviation industry is finished; there is a complete collapse in Russia. Their attempt to produce their own aircraft has failed—they are burning and crashing. They can't manufacture the necessary engines to get their planes off the ground. Essentially, this industry has been reset to zero. The second industry is automotive. Although they're trying to produce something, it's essentially cars from 20 or 30 years ago. But if we are talking about when the collapse will happen, specifically when they can no longer sustain the war, the main factor that still keeps them afloat, even as things worsen, is the issue of oil prices," he said.

The economist noted that the high price of this resource keeps Russia’s economy alive. 

"This is the exact resource that allows them to sustain their economy. Therefore, if the price of oil stays at $60 or less for at least six months, and preferably around $50, Russia will run out of resources. It will no longer be able to continue the war. The collapse of the economy will hinge on the price of oil. However, if the price rises—though this is unlikely—to $90 or even $85 per barrel, they will once again receive the necessary resources from those purchasing their oil, oil products, and gas to continue the war," the economist believes.

• On September 9, it was announced that the Hungarian energy company Mol Nyrt. had reached an agreement to secure the continued supply of Russian crude oil through Ukraine.