Exactly not in 2024: why the Russian economy develops and when the sanctions will be destroyed

According to the BBC Economic Viewer Facesal Islam, Moscow's military expenditures account for up to 40% of the budget that corresponds to the level of the late USSR. The Russian economy demonstrates faster growth rates, ahead of all the countries of the Great Seven. But the increase in indicators occurs against the background of the high cost of weapons production. The BBC Economic Viewer Faisal Islam wrote about it.

The author of the publication believes that in the long run, such a model of economy threatens Russia with large -scale problems. Although the International Monetary Fund (IMF) recently stated that the Russian economy remains resistant to international sanctions. Therefore, the organization improved the growth forecast for 2024 from 1. 1% to 2. 6%.

These indicators have been achieved through military mobilization of the economy: military expenditures are up to 40% of the budget that corresponds to the level of the late USSR. According to Islam, the Russian economy has not fallen due to the low efficiency of oil sanctions. Yes, oil production in Russia remains at 9. 5 million barrels a day - just below the pre -war level.

Moscow avoids sanction restrictions as she bought a "shadow fleet" from hundreds of tankers who now carry oil to India and China. But, according to the publication, in 2024 the demand for oil and gas will be at the peak, which will force competitors from the Persian Gulf to produce more resources, displacing Russia from the market.

In addition, the production of tanks and shells, which are irreversibly lost in Ukraine, although it adds figures to statistical indicators of GDP growth, in practice is a low -productive part of the economy. Therefore, in the long run, the Russian economy only loses. Although waiting for the collapse of the economy of the aggressor country by the end of the year is not worth it.

"Russia's military economy cannot maintain a long -term perspective, but has given the country extra time," the entertainment said. The Russian Federation increases its addiction in economic and financial terms on China. Thus, at the end of 2023, NATO Secretary General Jens Stoltenberg said that Moscow had lost its ability to sell its energy resources of the European Union, so it began to establish cooperation with China. "From year to year, Moscow has pledged its future Beijing.

It is one example of how Russia is becoming more economical as a result of this war," he emphasized. According to him, Russia has increased the dependence on Iran and North Korea, which may indicate the weakness of the Russian Federation. Earlier, Focus explained how Russia manages to earn billions despite sanctions and world isolation.