April 29, 2022

Hard Times Ahead


Hard Times Ahead
Colorful, but with dwindling value. The Russian Life file

Alexei Kudrin, former head of Russia's Ministry of Finance and currently president of the Accounts Chamber, revealed his forecast for the Russian economy.

He's not optimistic.

Kudrin predicts the Russian economy will contract by 8.8% in 2022, inflation will hit 20.7% (with another 6% in 2023), and GDP could decline as much as 12.4%.

All of this, of course, is a result of western sanctions.

For context, Russia saw an economic decline of around 3% in 2020, a relatively small amount compared to other states during the COVID pandemic.

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Some of our Books

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This acclaimed biography of one of Russia’s most important and tyrannical rulers is not only a rich, readable biography, it is also surprisingly timely, revealing how many of the issues Russia faces today have their roots in Ivan’s reign.

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This gripping autobiography plays out against the backdrop of Russia's bloody Civil War, and was one of the first Western eyewitness accounts of life in post-revolutionary Russia. Marooned in Moscow provides a fascinating account of one woman's entry into war-torn Russia in early 1920, first-person impressions of many in the top Soviet leadership, and accounts of the author's increasingly dangerous work as a journalist and spy, to say nothing of her work on behalf of prisoners, her two arrests, and her eventual ten-month-long imprisonment, including in the infamous Lubyanka prison. It is a veritable encyclopedia of life in Russia in the early 1920s.

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Faith & Humor

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