Economy and War Russian News

Let me start with the economy, which is doing great if you ask Russia’s official word. BBC reported that the number is growing despite sanctions. Yes, a militarized economy does grow, to a point, but it is on the butter side of the equation that it does not. So take this into account when reading this piece:

“The forum is not international, the economy is weak and archaic, import substitution is bad.” Andrey Movchan exposed Putin’s myths at SPIEF

Putin used the main session of SPIEF to distribute carrots against the backdrop of a sharp increase in taxes: he promised to raise the minimum wage to ₽22 thousand (from 19 thousand), mortgages at 6% for all families with children, and a 5% income tax for IT specialists. He called the Russian economy fourth in the world, although according to the main indicator it is 60th.

The forum, where instead of the leaders of France and Germany the main guests were the presidents of Bolivia and Zimbabwe, is “not at all international,” economist Andrei Movchan stated on the air of the “Air” program. “More foreign organizations and states gather at the international forum,” says the expert. “And here are guests from allied regimes discussing their internal problems.”

“The goal is to show ourselves that the country is not in isolation” and that the economy is developing well. The expert…