“Who will die first”: will the Russian economy collapse quickly?

Despite the statements of Kremlin dictator Vladimir Putin about the West’s attempts to bury the Russian Federation and that they “will soon die themselves”, in reality the situation in the aggressor country’s economy is quite difficult and will become more difficult over time, but one should not expect a quick collapse of Russia.

This opinion was expressed on the air of “Pryamoy” by investment banker Serhiy Fursa.

“Russia will be the first to die, it just won’t happen tomorrow, we have to understand. And the day after tomorrow too. If we expect that there will be some date in the next year, two or three, when Russia will collapse, there will be no such date. We have to simply understand that Russia’s resources are running out. And it doesn’t have this limitless resource. And the economic model that they had in the first few years of the war has stopped working. Well, simply because when you burn money and build something, it’s not an economy. It doesn’t work like that,” Fursa noted.

He recalled that Russia is currently experiencing an economic downturn due to huge spending on the war.

“So now we have already seen the data, they officially admitted that in the first quarter GDP retreated to the prepared positions. There is already a decline in the economy, which last happened only in the second quarter of 2022. After the invasion, there was a bit of a shock, but they quickly threw money at it. This throwing is no longer working, the economy has begun to decline. And, most likely, the numbers are worse than they show. They call it a “cooling off before summer,” although it is a rather strange story,” the investment banker reflects.

According to him, the key thing for Ukraine is not the decline of the Russian economy, but the decline of money, that is, the “printing press”, which in turn is one of the negative factors in the long term.

“War is about money, it’s always about money. And here we see that they have very actively launched a printing press now. This means that they don’t have enough resources. Because you can’t use a printing press all the time. You can throw it in as a last resort, print everything, but in the long run it leads to very negative consequences. Plus, this “nightstand” – the National Welfare Fund – is also running out and this year the plus-minus should end. But the fact that they are using the press shows that they don’t have enough of this fund for a long time. Therefore, resources are decreasing,” explains Fursa.

Recall, on June 27, Kremlin leader Vladimir Putin held a meeting with journalists, during which he stated that Russia is ready for the third round of talks with Ukraine . The heads of delegations are currently discussing the date. In addition, the dictator did not rule out a meeting with US President Donald Trump.

He also assured that Russia wants to end the war in Ukraine with “the desired result”, which is why Russian defense spending, which currently amounts to 13.5 trillion rubles, is aimed precisely at this. At the same time, Putin said that the West is trying to bury Russia’s economy, but believes that “they will soon die, and they are burying us.”

As “Pryamiy” reported, on June 20, Kremlin dictator Vladimir Putin made a series of cynical statements regarding the course of the war with Ukraine. He made it clear that he planned to seize all of Ukraine because he considered it “ours,” that is, “Russian.” Putin also cynically said that the Russian Federation has an “old rule: wherever a Russian soldier steps, it is ours.”

On the eve of the meeting, Lithuanian President Gitanas Nauseda said that the war in Ukraine is unlikely to end in the next three years due to Russia’s lack of genuine will for peace. He expressed hope that the war could end before the start of the new EU multiannual budget in 2028, but currently sees no signs of light at the end of the tunnel.

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