Putin Is Struggling to Hide Russia's Rage: Top Russian Economist
Summary
A top Russian economist said President Vladimir Putin is finding it hard to hide how badly Russia’s economy is doing because of the war in Ukraine. Recent drone attacks and sanctions have caused problems like shortages and inflation, and this is making it difficult for Putin as Russia prepares for a major election.Key Facts
- Putin spoke to lawmakers about Russia’s economy, calling 1% GDP growth "modest" despite economic challenges.
- Ukrainian drone strikes have disrupted deliveries for Wildberries, a major Russian online retailer.
- Attacks on oil infrastructure caused gasoline shortages and long lines at fuel stations.
- Sergey Guriev, an economist and Putin critic, said Russia’s worsening economy is a problem for the government.
- Russia faces war fatigue after about 450,000 Russian troops have died since the invasion of Ukraine started in February 2022.
- The Russian Supreme Court banned the anti-war party Yabloko from participating in September’s elections.
- Some Russian officials warn against a new military draft because it could cause unrest and harm the country.
- There might be disagreements at the top levels of the Russian government about how to handle the war and the economy.
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