Espreso. Global
Exclusive

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

10 September, 2024 Tuesday
10:59

Illia Neskhodovskyi, head of the Analytical Department at ANTS, discussed the collapse of Russian industries and the key factors necessary for Russia's economy to finally collapse

client/title.list_title

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.
Tags:
Read also:
  • News
2024, Saturday
21 December
19:45
Exclusive
NATO troops in Ukraine will prevent Putin's next invasion - opposition politician Feygin
19:26
Exclusive
Russian troops desperate to cross Dnipro River in Kherson region at any cost - Ukrainian colonel
19:08
Russia ramps up aircraft shelter construction to counter Ukrainian drone attacks
18:47
Russian forces attempt to cross Dnipro River in southern Ukraine every day
18:30
Russian forces fine residents of occupied Luhansk region for 'abortion propaganda'
18:09
110 combat clashes occur on Russian-Ukrainian front: heaviest fighting in Kursk region
17:54
Poland donates three Mi-8, Bell 412-HP helicopters to Ukraine
17:31
OPINION
Ending war: fewer scenarios remain
17:12
Russia deploys over 550 guided bombs, 550 UAVs, 20 missiles to attack Ukraine this week - Zelenskyy
16:53
Exclusive
Russia intends to negotiate without ceasefire, says opposition politician
16:34
Ukraine's Armed Forces form unit to protect cultural heritage
16:20
Updated
Drones attack elite high-rise buildings in Russia's Kazan, explosions heard at gunpowder plant
16:16
Ukraine approves Wolly remote-controlled combat module for use in army
15:57
OPINION
Crimea: panic among 'relocated residents' becomes key negotiation tool
15:35
Exclusive
Ukrainian forces face repeated tactical traps since 2022, encirclement looms near Kurakhove
15:13
Russian units in Ukraine’s Kherson report sabotage, suicides
14:54
OPINION
Russia can be destroyed by local barons
14:32
EU hits record high in Russian gas imports in 2024 - media
14:10
Review
Russian forces attempt to encircle Ukrainian troops: battles near Kurakhove. Serhiy Zgurets' column
13:47
Unmasking Spanish-language media pushing Kremlin narratives (Part 2)
13:06
Guerrillas expose redeployment of Russian military equipment toward Kurakhove
12:52
Exclusive
Russia's cyberattack on state registries aims to undermine Ukraine's elections - journalist
12:31
211 combat clashes occur on Russian-Ukrainian front on Dec. 20 - General Staff
12:07
Review
From Vietnam to Ukraine: how TOW missiles have been taking out Russian tanks
11:48
Ukraine launches first robotic attack without infantry support - ISW
11:30
Updated
Russia attacks Ukraine with drones, missiles: casualties reported in Kharkiv, Zaporizhzhia
11:09
Russia launches 18 attacks on Ukraine ahead of UN Security Council meetings - Ambassador
10:51
Russia sets up TV and radio network to strengthen propaganda in occupied Ukraine
10:34
Russia loses 1,860 soldiers, 32 artillery systems, 10 tanks in one day of war in Ukraine
2024, Friday
20 December
21:30
Exclusive
“Russia planned Oreshnik attack, but something failed”: diplomat Chaly on Kyiv missile strike
21:10
Exclusive
Hacker attack on Ukraine's state registries is painful, but not catastrophic - cybersecurity expert
20:50
Ukrainian defenders repel Russian subversive groups near Kherson
20:25
OPINION
Putin admits Russia's war in Ukraine is driven by boredom
19:50
Fico blames Zelenskyy for gas crisis in Slovakia
19:29
Ukraine demands Orbán stop speculating on war, “Christmas truce”
19:01
146 combat engagements reported at front, Russian forces most active in Kursk sector
18:40
Germany sends additional IRIS-T air defense system to Ukraine
18:16
Ukraine's fiber-optic drones pass testing phase
17:50
Six embassies in Kyiv damaged in Russian missile attack
17:28
Lithuania to allocate €10 million for 'Danish model' implementation in Ukraine
More news