Russia has decided to classify data on the state of the economy and foreign trade as a state secret. From now on, only individual indicators that are favorable to the authorities will be disclosed in order to calm the public, UNIAN reported.
According to data from the Foreign Intelligence Service of Ukraine, serious crisis processes are observed in the coal mining, oil refining, construction, automotive and logistics industries of the Russian Federation, which in general provide about 17% of revenues to the federal budget.
To date, more than half of the Russian economy - mainly the manufacturing industry - is stagnant. The main reason for this is that the liabilities of more than 40% of enterprises are three times higher than their profits.
At the same time, working capital is increasingly decreasing, as bank financing remains too expensive and almost inaccessible.
We recall that after the full-scale invasion in 2022, Western countries imposed a wide package of sanctions against the Russian Federation, which could not but affect its economy.
The EU extended sanctions against Russia for another six months.
Due to Moscow's continued actions destabilizing the situation in Ukraine.
According to experts, it is falling into crisis due to the strategic constraints imposed by the sanctions, the budget deficit and the deep stagnation in the private and industrial sectors.