“Their debt to GDP is 17 percent, not the 120 percent plus the US has…the US will go bankrupt way before Russia.”
In a country where more than half the population lives directly off state subsidies, where the poverty rate will exceed 13 percent in 2021 (even though poverty criteria are much lower than in the West), and where 62 percent of Russians have neither savings nor enough to buy more than clothes and food, the long-term risk for Russia is to find itself in an economic situation identical to that which preceded the fall of the Soviet Union.
https://warontherocks.com/2024/09/russia-is-on-a-slow-path-to-bankruptcy-but-how-slow/
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