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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Stargorod is a mid-sized provincial city that exists only in Russian metaphorical space. It has its roots in Gogol, and Ilf and Petrov, and is a place far from Moscow, but close to Russian hearts. It is a place of mystery and normality, of provincial innocence and Black Earth wisdom. Strange, inexplicable things happen in Stargorod. So do good things. And bad things. A lot like life everywhere, one might say. Only with a heavy dose of vodka, longing and mystery.

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The Samovar Murders

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Murder at the Dacha

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