Russia’s Economy in Crisis: A Discussion with Timothy Ash
The Kyiv Independent spoke with Timothy Ash, an expert on Russia and Eurasia from Chatham House. They talked about the country’s economic troubles.
Russia is facing many problems. Inflation is rising, interest rates are going up, and the value of its currency, the ruble, is falling. This means that people in Russia have less money to spend. The government is struggling to find solutions.
The Russian economy has been under sanctions for three years now. These sanctions make it hard for Russia to trade with other countries and get loans from banks. As a result, the country’s economy is getting worse.
Experts say that the Kremlin has few options left to solve its economic problems. They believe that the situation will only get worse before it gets better.
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