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Sunday, 12 January 2025 18:02
in Economics and politics

How (not) to control inflation in Russia

Inflation is high in Russia and people are worried that butter prices have gone through the roof. A standard 200g stick of butter now costs around 200 rubles, or around US$ 2. CNN photo from a Supermarket in Saint Petersburg.

Russia is struggling to control a stubbornly high inflation. The Russian Central Bank blames the shortage of manpower, which in their view is producing ‘wage-push-inflation’, so they want unemployment to go up by stopping economic growth. But there are other ways to control inflation that would be more beneficial to common people in Russia.

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Friday, 10 January 2025 20:40
in Economics and politics

Is Russia’s economy finally collapsing?

New Year decorations in Moscow, 11 December 2024. Waiting for Russia’s collapse? Yo may be deceived.

After a period of relative calm, mainstream media have lately, once again, been flooded with articles predicting the imminent collapse of Russia’s economy. The sanctions, together with the financial burden of the war in Ukraine, should finally be working, so Russia is now under severe strain, and we will in 2025 see the collapse. Is there any truth in this?

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About Me

  • Thorbjorn Waagstein Thorbjorn Waagstein
    Thorbjørn Waagstein, Economist, PhD, since 1999 working as international Development Consultant in Latin America, Africa and Asia.

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Latest Comments

  • Mike Speirs Written by Mike Speirs on 27 02 2024 It is now it is becoming dangerous (Politics) Many thanks for your excellent summary and analysis Thorbjorn. Mention…
  • Mike Written by Mike on 08 12 2023 Why do Israeli officials keep talking about Dresden? (Politics) Spot on Thorbjørn, a well-targetted piece, which asks the essential…
  • Thorbjørn Written by Thorbjørn on 17 06 2023 The garden, the jungle and the civilisers (Politics) Kære Lasse. Jeg kan se, du er i OECD nu.…
  • Lasse Møller Written by Lasse Møller on 17 06 2023 The garden, the jungle and the civilisers (Politics) Kære Thorbjørn, Long time no see :-) Jeg håber du…
  • Mike speirs Written by Mike speirs on 14 01 2023 Oh, what a lovely war! (Politics) Happy new year, Torbjørn! Here’s a link (above) to another…
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