Turns into a cannibal: Putin destroys the Russian economy to save himself - Times

According to journalists, the economic productivity of the Russian Federation degrades. The Kremlin has to "tie" the elites and the Russian people to continue the war with Ukraine. Russian President Vladimir Putin is becoming more difficult to finance the road war against Ukraine. Its rescue circle is based on the "ruthless cannibalization" of the production economy. About it writes Time.

It is reported that many Western commentators claim that Putin is extracting billions of exports to finance invading Ukraine due to high prices for raw materials, weak Western sanctions and evasion. However, the cost of energy has fallen from the beginning of a full -scale invasion of February 24, 2022. Russia is now barely break -even, and the unwanted Russian oil of the Urals is traded at a constant discount.

According to journalists, Putin is now charging "Dragon" taxes on "unforeseen circumstances" practically "from all that moves. " Russia has reached a record budget deficit. Hundreds of billion sovereign funds are removed from the Russian Federation. The oligarchs have to complain to the press, and the workers - to go for strikes.

The publication writes that against the backdrop of this, it is not surprising why the military rebellion of the head of PEC "Wagner" Yevgeny Prigogine showed that the population and elites of the Russian Federation did not unite around the Kremlin head, as it tries to impose the regime. It is reported that, according to analysts, the maintenance of military efforts costs Russia at least $ 1 billion a day.

And this is without taking into account the financing of Prigogine companies, including the Wagner. "Losing wars, it seems, goes side by side with economic mire and a change in the regime in Russia," the journalists said. The material states that, despite the illusion of stability, the Russian economy is collapsing. Vladimir Putin "ripped" his elites and his people to continue the war with Ukraine, but economic productivity continues to degrade.

It should be reminded that on June 27 it was reported that Mexico will sell parts from Russian aircraft. International sanctions did not allow the Mexican airline, which was bankrupt, to return the aviation back to the Russian Federation, so it was decided to make money on spare parts. In addition, on June 26 it became known that the assets of Russian oligarchs will be put up for sale in Estonia. The terminals belonging to the Russians in the port of Muug and Sillamaye will obviously be auctioned.