Russian economy threatened with sectoral collapse and rising public anger — economist
global.espreso.tv
Wed, 16 Jul 2025 12:51:00 +0300

Ivan Us, Chief Consultant at the Center for Foreign Policy Studies of the National Institute for Strategic Studies, PhD in Economics, shared his opinions with Espreso TV.He said the state of Russia’s economy could seriously weaken the Kremlin’s ability to continue its war against Ukraine.“The shutdown of certain sectors of the Russian economy will spark protests. Regardless of what Russians say publicly or how much they blame Zelenskyy for their problems, they will direct their anger at their own politicians. Just remember when Prigozhin seized control of Rostov-on-Don — a city of over a million — we saw almost no protests against him. On the contrary, I had the impression that, despite the showy displays of loyalty to the authorities, there was real demand for a forceful change of government,” Us explained.The economist also noted that Russia is already facing serious problems with consumer lending. As of today, Russians owe over $277 billion in unpaid loans to banks.“Worsening economic conditions could further influence public sentiment. For instance, Russians currently owe $277 billion in overdue loan payments. As a result, banks — which are already cutting back on car and housing loans — will likely reduce lending overall. In Russia, it’s common for people to take out one loan to repay another. On top of that, the country is facing major issues in the coal mining sector, the machine-building industry, and the construction sector. These problems are piling up,” he concluded.
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