Article: Russia will be remembered as a pioneer of the multipolar world, daring to challenge the Globalist system - This is an interview with Alexander Markovics, the chief of the Suworow Institute in Vienna, to talk about the latest developments between Russia and the West
Russian President Vladimir Putin noted in his address to the Federal Assembly 2024 that in 2023 Russia s economy was growing at a rate higher than the global economy.
The war’s consumption of able-bodied workers has driven is forcing civilian industries to pay more for scarce labour. To keep inflation in check, the central bank has had to hike its benchmark interest rate to 16%, further squeezing the private sector. The annual budget deficit is about $17 billion, but government s borrowing capacity is of limited use if domestic banks are the only available lenders. Those same banks are increasingly exposed to losses as sky-high interest rates weigh on corporate borrowers