“It’s only a matter of months”: Novak predicts a rapid collapse of the Russian economy
13 May 18:43
The Russian economy is weakening faster than expected. And we’re no longer talking about years, but months. Economist Andrei Novak discussed this in an interview with the YouTube channel "Komersant Ukrainian".
In his view, international sanctions packages are already playing a secondary role. They are important more as a signal—that the West is not backing down and continues to put pressure on Russia. The main tool for destroying the Russian economy remains the daily Ukrainian strikes on oil infrastructure and the military-industrial complex, says Novak.
“It will withstand about two more months of Ukrainian sanctions packages. Maybe that’s the best-case scenario, but it could happen much sooner,” Novak said.
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According to his forecast, the situation will change dramatically by the end of summer or early fall.
“The ‘clay ear of corn’ (Russia—ed.) will turn out to be rotten to the core,” he concluded.
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