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Mikhail Krutikhin: Putin is leading the Russian Federation to complete collapse

06 Feb, 2023
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Mikhail Krutikhin: Putin is leading the Russian Federation to complete collapse

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Russia in the near future is waiting for a complete collapse of the economy. The Kremlin will be forced to devalue the ruble.

Such a forecast in the Argument project was made by Mikhail Krutikhin, a leading economic analyst and specialist in the oil and gas market, noting that even now, at least 30% of the revenue part of the Russian budget has disappeared due to sanctions.

In order to somehow stay afloat, the Russian Federation began to rob state employees - from pensioners to Russians involved in the fields of healthcare, science, and education, the expert noted:

"The main impact of the sanctions is on the population, not even on the Kremlin's military efforts."

Also, in the Russian Federation, they actively began to sell what was accumulated "for a rainy day," Krutikhin added.

"The leadership of Russia, apparently, is determined to continue moving along this path … The budget deficit is colossal, it will need to be covered from somewhere, and there is nowhere to cover it, which means that the national currency needs to be devalued," the economist predicted.


The Odessa Journal

The Odessa Journal

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