The Russian economy will collapse as early as 2026, says Novak
15 April 14:13
The Russian economy is rapidly weakening and could collapse entirely as early as 2026. This, in turn, will affect the country’s ability to wage war. Economist Andriy Novak made this statement in an interview with the YouTube channel "Komersant Ukrainian".
The economist explains: despite Ukraine’s financial dependence on aid from its partners, its position remains strong thanks to internal resources and international support. Russia, on the other hand, which had counted on a long war, is gradually losing its economic stability.
“Ukraine will indeed win this war of attrition,” he predicts.
According to Novak, the key difference lies in allies and capabilities. Ukraine is supported by a coalition of dozens of countries, while Russia has virtually no partners.
“Today, about 60 countries stand with Ukraine. Who stands with Russia? North Korea,” he added.
The expert adds that the Russian economy is already showing signs of a deep crisis: oil revenues are falling, war costs are skyrocketing, and the budget deficit exceeds projected figures.
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At the same time, he says, the situation could deteriorate sharply in the near future—even leading to problems in the banking system.
“A collapse, a complete collapse of the Russian economy, will definitely happen as early as 2026,” he predicts.
Novak emphasizes: unlike the collapse of the Soviet Union, the current crisis for Russia will be faster and more painful, as the country is simultaneously waging a war that is depleting its resources.
In conclusion, the economist notes that the economic factor could be decisive in the further course of events and significantly limit Russia’s ability to continue the war.
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