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.

You Might Also Like

No to War (Нет войне)
  • February 27, 2022

No to War (Нет войне)

The Kremlin's unprovoked, illegal war on Ukraine will backfire. And untold millions will suffer. Silence would be complicity in this horrendous crime.
This is How the War Ends
  • March 09, 2022

This is How the War Ends

Those in power need to seek a way to end the war that could be agreed to by Ukraine, Russia, Europe, and the US. It seems a tall order, but really it’s not that hard to envision.
Revealing Images
  • April 20, 2022

Revealing Images

“Now everyone can see a variety of Russian launchers, intercontinental ballistic missile mines, command posts, and secret landfills with a resolution of about 0.5 meters per pixel.” – The Ukrainian Armed Forces on Google Maps removing blur for Russian military sites
Query
Template: /muraWRM/core/mura/content/feed/feedGateway.cfc:250
Execution Time: 0.958 ms
Record Count: 0
Cached: No
Lazy: No
SQL:
SELECT
tcontent.siteid, tcontent.title, tcontent.menutitle, tcontent.restricted, tcontent.restrictgroups,
tcontent.type, tcontent.subType, tcontent.filename, tcontent.displaystart, tcontent.displaystop,
tcontent.remotesource, tcontent.remoteURL,tcontent.remotesourceURL, tcontent.keypoints,
tcontent.contentID, tcontent.parentID, tcontent.approved, tcontent.isLocked, tcontent.contentHistID,tcontent.target, tcontent.targetParams,
tcontent.releaseDate, tcontent.lastupdate,tcontent.summary,
tfiles.fileSize,tfiles.fileExt,tcontent.fileid,
tcontent.tags,tcontent.credits,tcontent.audience, tcontent.orderNo,
tcontentstats.rating,tcontentstats.totalVotes,tcontentstats.downVotes,tcontentstats.upVotes,
tcontentstats.comments, tparent.type parentType,
tcontent.path, tcontent.created, tcontent.nextn, tcontent.majorVersion, tcontent.minorVersion, tcontentstats.lockID, tcontentstats.lockType, tcontent.expires,
tfiles.filename as AssocFilename,tcontent.displayInterval,tcontent.display,tcontentfilemetadata.altText as fileAltText,tcontent.changesetid
FROM
tcontent
left Join tfiles on (tcontent.fileid=tfiles.fileid)
left Join tcontentstats on (tcontent.contentid=tcontentstats.contentid
and tcontent.siteid=tcontentstats.siteid)
Left Join tcontent tparent on (tcontent.parentid=tparent.contentid
and tcontent.siteid=tparent.siteid
and tparent.active=1)
Left Join tcontentfilemetadata on (tcontent.fileid=tcontentfilemetadata.fileid
and tcontent.contenthistid=tcontentfilemetadata.contenthistid
and tcontent.siteid=tcontentfilemetadata.siteid)
WHERE
tcontent.siteid in ('default')
and tcontent.active = 1
and tcontent.Approved = 1
AND tcontent.isNav = 1
AND tcontent.moduleid = '00000000000000000000000000000000000'
AND tcontent.searchExclude = 0
AND tcontent.contentid <> '00000000000000000000000000000000001'
AND tcontent.type <>'Module'
and (
tcontent.parentid
=
'F9C5A05B-AFDA-4C32-9A27B8D690BC58F9'
and
tcontent.subtype
=
'footnote'
)
AND (
tcontent.Display = 1
OR
(
tcontent.Display = 2
AND
(
(
tparent.type!='Calendar'
and tcontent.DisplayStart <=
{ts '2026-04-01 00:30:00'}
and (tcontent.DisplayStop >=
{ts '2026-04-01 00:30:00'} or tcontent.DisplayStop is null)
) OR (
tparent.type='Calendar'
and tcontent.DisplayStart <=
{ts '2027-04-01 00:30:00'}
and (tcontent.DisplayStop >=
{ts '2026-04-01 00:30:00'} or tcontent.DisplayStop is null)
)
)
)
)
AND (
tcontent.mobileExclude is null
OR
tcontent.mobileExclude in (0,1)
)
order by
tcontent.lastUpdate desc
siteidtitlemenutitlerestrictedrestrictgroupstypesubTypefilenamedisplaystartdisplaystopremotesourceremoteURLremotesourceURLkeypointscontentIDparentIDapprovedisLockedcontentHistIDtargettargetParamsreleaseDatelastupdatesummaryfileSizefileExtfileidtagscreditsaudienceorderNoratingtotalVotesdownVotesupVotescommentsparentTypepathcreatednextnmajorVersionminorVersionlockIDlockTypeexpiresAssocFilenamedisplayIntervaldisplayfileAltTextchangesetid
Like this post? Get a weekly email digest + member-only deals

Some of our Books

93 Untranslatable Russian Words
December 01, 2008

93 Untranslatable Russian Words

Every language has concepts, ideas, words and idioms that are nearly impossible to translate into another language. This book looks at nearly 100 such Russian words and offers paths to their understanding and translation by way of examples from literature and everyday life. Difficult to translate words and concepts are introduced with dictionary definitions, then elucidated with citations from literature, speech and prose, helping the student of Russian comprehend the word/concept in context.

Davai! The Russians and Their Vodka
November 01, 2012

Davai! The Russians and Their Vodka

In this comprehensive, quixotic and addictive book, Edwin Trommelen explores all facets of the Russian obsession with vodka. Peering chiefly through the lenses of history and literature, Trommelen offers up an appropriately complex, rich and bittersweet portrait, based on great respect for Russian culture.

Murder and the Muse
December 12, 2016

Murder and the Muse

KGB Chief Andropov has tapped Matyushkin to solve a brazen jewel heist from Picasso’s wife at the posh Metropole Hotel. But when the case bleeds over into murder, machinations, and international intrigue, not everyone is eager to see where the clues might lead.

Fearful Majesty
July 01, 2014

Fearful Majesty

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.

A Taste of Chekhov
December 24, 2022

A Taste of Chekhov

This compact volume is an introduction to the works of Chekhov the master storyteller, via nine stories spanning the last twenty years of his life.

Survival Russian
February 01, 2009

Survival Russian

Survival Russian is an intensely practical guide to conversational, colloquial and culture-rich Russian. It uses humor, current events and thematically-driven essays to deepen readers’ understanding of Russian language and culture. This enlarged Second Edition of Survival Russian includes over 90 essays and illuminates over 2000 invaluable Russian phrases and words.

Faith & Humor
December 01, 2011

Faith & Humor

A book that dares to explore the humanity of priests and pilgrims, saints and sinners, Faith & Humor has been both a runaway bestseller in Russia and the focus of heated controversy – as often happens when a thoughtful writer takes on sacred cows. The stories, aphorisms, anecdotes, dialogues and adventures in this volume comprise an encyclopedia of modern Russian Orthodoxy, and thereby of Russian life.

Steppe
July 15, 2022

Steppe

This is the work that made Chekhov, launching his career as a writer and playwright of national and international renown. Retranslated and updated, this new bilingual edition is a super way to improve your Russian.

How Russia Got That Way
September 20, 2025

How Russia Got That Way

A fast-paced crash course in Russian history, from Norsemen to Navalny, that explores the ways the Kremlin uses history to achieve its ends.

About Us

Russian Life is a publication of a 30-year-young, award-winning publishing house that creates a bimonthly magazine, books, maps, and other products for Russophiles the world over.

Latest Posts

Our Contacts

Russian Life
73 Main Street, Suite 402
Montpelier VT 05602

802-223-4955