Putin will not have liked it: the United Kingdom shows the impact of the war on Russia’s economy

British Ministry of Defense reveals that interest rates in Russia are “only” at 21%; Inflation remains very high.

At the official level, the economy and Russia It’s good and recommended.

The Kremlin guarantees stability and even says that the war in Ukraine boosted the national market, the national industry, after so many sanctions from other countries and so many closed markets.

However, the reality may not be quite like that. THE inflation puts essential goods such as milk, potatoes and butter at record prices, while the real estate market is experiencing greater difficulties due to rising mortgage interest rates.

According to the United Kingdom, the Russian Central Bank (CBR) remains focused on the priority: combating very high inflation.

While lack of labor and the Government is spend more than by 2022 (for logical reasons), interest rates do not help: they are “just” in 21% – something that has multiplied criticism among Russian businesspeople.

As a consequence, the national currency, the ruble, went to devalued. “It is a desperate attempt to restore balance to the economy”, write the British, who associate this fall with the sanctions on Gazprombank.

These numbers, made public by a source considered reliable, were a “coup” for Vladimir PutinPresident of Russia, reads .

However, just under half a year ago, a study carried out for the German Government indicated that sanctions on Russia had little impact on the war in Ukraine and that Russia’s economy was even growing thanks to “boom of defense.”