When the Russians start to have serious problems due to sanctions: an economist's forecast
When the Russian economy will fall – forecast/collage Channel 24
< strong _ngcontent-sc86="">If you look at the main taxes filling the budget of Russia, then the fall is very large – by 30-40%. Even today, the Russian budget is in surplus.
This Channel 24 was told by economist Oleg Pendzin. He also noted that the level of deficit in the hostile budget just rolls over and amounts to 3-4%, and this is not the end.
“You need to understand that this process will increase in the future. First of all, this concerns the sanctions policy and this is a consequence of the pressure exerted by the sanctions on the Russian economy,” says Pendzin.
According to him, when the sanctions packages were adopted in Europe, they understood that the restrictions would not work instantly. Only since August, restrictions of 5 packages have been put into effect – an embargo on coal.
You need to understand that only at the end of 2022 will serious restrictions on the supply of Russian oil to Europe begin. This is done so that those countries that implement sanctions can reorient themselves,” the economist explains.
Seriously, the sanctions will come into effect in early 2023, although today we are already seeing quite serious cuts in Russian budget revenues.