economy - Kyiv Insider

Russian government preps population for drastic lowering of living standards

Kyiv Insider | April 29, 2025

Russia’s Finance Minister Anton Siluanov Russia’s economic struggles are piling up as oil revenues continue to fall and Western sanctions slowly but surely cripple the aggressor’s economy, Ukraine’s Center for Countering Disinformation (CCD) reveals. At a recent extended meeting of Russia’s Ministry of Finance, Finance Minister Anton Siluanov admitted that turbulence in the oil market is forcing the government to reassess its spending priorities.

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Russia’s domestic manufacturing sector again collapses to new lows

Russia’s wartime economy continues to collapse, with today’s data confirming a worsening situation in production across the country. Russia’s civilian industrial sector has officially entered recession, according to a new report from the Center for Macroeconomic Analysis and Short-Term Forecasting (CMASF), underscoring the growing strain on the country’s economy amid prolonged military mobilization and tightening international isolation.