The Russian industry and infrastructure have suffered significant losses due to strikes by the Armed Forces of Ukraine, with the total amount estimated at $10 billion. This information was announced by the Commander-in-Chief of the Armed Forces of Ukraine, Oleksandr Syrskyi. According to him, more than $1.3 billion of this amount represents direct losses, while at least $9.5 billion accounts for indirect losses caused by the destabilization of production processes and disruptions in logistics.
This is reported by Finway
Critical Risks for the Russian Economy
The head of Russia’s Sberbank, German Gref, warns of the possibility of an “ideal storm” in the economy of the Russian Federation. In his opinion, high interest rates are forcing businesses to abandon investments, while the unstable exchange rate of the ruble against the dollar undermines budget revenues. Furthermore, labor productivity in Russia significantly lags behind that of developed countries – by 40-75%. Additionally, there is a risk of halting some metallurgical enterprises, which could further deepen the country’s economic problems.
“Ukrainian operations to destroy the industrial complex of the Russian Federation have inflicted approximately $10 billion in damage on the aggressor,” said Commander-in-Chief of the Armed Forces of Ukraine Oleksandr Syrskyi to journalists. Of the total losses of the Russian industry, direct losses exceed $1.3 billion, while indirect losses are at least $9.5 billion, related to the destabilization of processing operations and disruptions in logistics.”
Depletion of Financial Reserves and Warnings of Stagnation
At a plenary session of the St. Petersburg Economic Forum, Russian President Vladimir Putin acknowledged that the country’s economy faces the risk of stagnation and recession, and instructed the government to prevent such a scenario. At the same time, the head of the Central Bank of Russia, Elvira Nabiullina, reported that the resources that supported the economy during the full-scale war against Ukraine and sanctions have already been exhausted. According to her, the liquid assets of the National Welfare Fund have decreased threefold during the war – to 2.8 trillion rubles, and these funds could be depleted by 2026 if low oil prices and a strong ruble persist.