Russian economy in systemic decline — Ukrainian intel
global.espreso.tv
Sat, 01 Nov 2025 13:35:00 +0200

Ukraine's Foreign Intelligence Service reported the information.The net profit of enterprises for the first eight months of 2025 decreased by 8.3% – a figure that, in the context of overall dynamics, indicates a systemic curtailment of business activity. The credit market, which should be an indicator of trust, shows the opposite: the share of problem borrowers among legal entities reached 23%, and about 165,000 companies are already unable to service their debts. This signals that the corporate sector has lost financial stability.Coal industryThe situation in the coal industry, which until recently was considered one of the "pillars" of Russian exports, is particularly indicative.The share of unprofitable enterprises here has grown to 67%. The net loss for January-August reached 263.2 billion rubles, increasing by 38.2 billion in just one month. Profits fell by half, while losses increased 2.6 times. The industry, which should be bringing in foreign currency, is turning into a black hole for the budget.Services sectorAccording to intelligence data, the picture in the services sector is no better. In particular, Pochta Rossii (Russian Post) reported a 4.5% drop in revenues from key services and a 9.3% drop from financial intermediation. Gross profitability decreased by 2.5 times, and sales losses increased by 5.7 times – to 10.7 billion rubles. The company explained this by "changes in the operating environment," but the dry figures speak for themselves: short-term liabilities exceed current assets by 25.6 billion rubles, which is five times more than a year ago. This is a classic symptom of a liquidity crisis that can no longer be masked by corporate formulations.MetallurgyThe metallurgical giant Nornickel also shows a trend towards degradation: net profit for nine months decreased by 39%, while expenses increased by 34% due to rising rates. The simultaneous decline in the production of nickel, copper, palladium, and platinum only emphasizes that the company is losing its position in the global market.EnergyThe result of Gazprom is also symbolic – a net loss of 170.3 billion rubles for nine months."For a company that for decades was the main donor to the budget, this is not just a financial failure, but a strategic reversal: a resource that was supposed to guarantee stability now itself needs support," the Foreign Intelligence Service stresses.Transport industryThe joint-stock company RZD (Russian Railways) also did not stand aside, with a loss of 4.2 billion rubles only complementing the picture of general decline."All these data form a single mosaic: the Russian economy is losing its ability to generate profits even in traditionally strong sectors. The growing debt burden, falling production, and unprofitability of key corporations indicate that the crisis is not a temporary glitch, but is becoming the new norm," the Foreign Intelligence Service summarized.At the end of October, Ukrainian President Volodymyr Zelenskyy stated that due to international sanctions, Russia in 2026 will have a budget deficit of at least 100 billion dollars, and according to optimistic forecasts – up to 130 billion dollars.








