The Party is Over: The Spectator Debunks the Myth of Putin's 'Economic Miracle'.
The Russian economy is currently experiencing a period of losses as the tightening of sanctions begins to undermine its stability. A decrease in the competitiveness of manufacturing sectors and restrictions on the export of goods could lead to serious problems in international markets. The situation resembles the 1980s when the USSR faced decline due to its inability to reduce military spending.
The picture resembles the 1980s when the economic decline of the Soviet Union coincided with the inability to cut military spending. (quote from The Spectator)
To overcome these challenges, the Russian Federation will likely be forced to adopt new economic management strategies. This situation could have serious consequences for both the country's domestic policy and international economic relations.
A Ukrainian journalist pointed out that the Russian economy is facing serious difficulties due to the tightening of sanctions. This could lead to significant changes in the country's domestic and foreign policy strategies.
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