Nabiullina’s revelations: how quickly the Russian economy will collapse

Ukrainian intelligence services have obtained recordings of telephone conversations between Elvira Nabiullina, the head of the Russian Central Bank, who in private gave extremely pessimistic forecasts about the stability of the Russian financial system in the coming months. These data differ significantly from the official Kremlin propaganda.

This was reported on the air of the “Pryamiy” TV channel by Ivan Us, Candidate of Economic Sciences and Associate Expert of Visergrad Insight.

According to him, the Russian economic system is approaching a serious upheaval, as evidenced by private conversations between the Russian top leadership. The conversation, recorded by Ukrainian special services, contains extremely pessimistic forecasts about the aggressor’s near future.

“Nabiullina spoke in rather harsh tones, using obscene language, about Putin and said that three or four months would bring big problems,” said Ivan Us. He believes that the Russian leadership is aware of the inevitability of the crisis, despite public statements about stability.

These data coincide with publications in influential international publications, such as the Washington Post. The expert emphasized that the real state of affairs in Moscow is significantly different from the propaganda picture.

Even the most dedicated Kremlin technocrats use obscene language in private conversations, describing Putin’s actions and the consequences of sanctions pressure on the banking system, the studio guest noted.

He added that such sentiments among Russia’s top management indicate a deep split in the ruling cabinets. The economic bloc is aware of the consequences of sanctions and war costs, which are becoming increasingly difficult to cover, – summed up Ivan Us, candidate of economic sciences.

In early February, it was reported that the European Union was considering new restrictions on the transport of Russian oil by sea, which could significantly affect the financing of Russia’s war against Ukraine. Russian financial officials are warning of the riskof an economic crisis as early as the summer of 2026 due to falling incomes and increasing pressure on the banking system.

According to a source close to Russian financial officials, they have already warned Russian President Vladimir Putin of a possible crisis by the summer of 2026 due to falling budget revenues. At the same time, high interest rates and active corporate lending to finance the war are increasing the burden on the banking sector.

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