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Russia is facing a major economic problem that's getting worse
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Interview with soldiers in the south:
Senior officials are sounding the alarm in Russia, with a chief economist saying "We won't win the competition in this war of attrition. We're under the illusion that everything In Ukraine will collapse. It hasn't, and it won't. Our costs are mounting."
Now he was fired two days after this speech was made public, so let’s get into what he said and what’s looking like major problems headed Russia’s way in the near term.
Sources:
https://ru.themoscowtimes.com/2026/08/14/vglavnom-gosbanke-kremlya-sprognozirovali-porazhenie-rossii-vekonomicheskoi-voine-naistoschenie-szapadom-a203552
https://www.themoscowtimes.com/2026/08/17/veb-chief-economist-fired-after-warning-russia-cannot-win-war-of-attrition-the-bell-a93513
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