When does it all come crashing down?
“Russian economy overheating, but still powering the war against Ukraine”
“In Siberia, there are not enough men to drive the buses. On Russian farms, milkmaids are commanding wages similar to those of IT workers, while hotels struggle to hire waiters, cleaners and cooks.
Instead of cratering as had been widely predicted with the Western sanctions regime after Russia’s full-scale invasion of Ukraine in 2022, the Russian economy is running hot and in danger of overheating.
Massive military spending including high payments to soldiers has fueled economic growth, as well as high wages and inflation, as companies are forced to match military salaries to attract workers.”
More likely 30,000 per month.
“The economy is overheating partly because of President Vladimir Putin’s need to replace the 20,000 soldiers killed or wounded monthly, according to losses reported by the Institute for the Study of War in June. Russian regional governors are paying unheard of sign-up bonuses to attract soldiers, with Belgorod recently breaking the record with a $31,200 bonus.”