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
Like this post? Get a weekly email digest + member-only deals

Some of Our Books

Tolstoy Bilingual

Tolstoy Bilingual

This compact, yet surprisingly broad look at the life and work of Tolstoy spans from one of his earliest stories to one of his last, looking at works that made him famous and others that made him notorious. 
Woe From Wit (bilingual)

Woe From Wit (bilingual)

One of the most famous works of Russian literature, the four-act comedy in verse Woe from Wit skewers staid, nineteenth century Russian society, and it positively teems with “winged phrases” that are essential colloquialisms for students of Russian and Russian culture.
The Moscow Eccentric

The Moscow Eccentric

Advance reviewers are calling this new translation "a coup" and "a remarkable achievement." This rediscovered gem of a novel by one of Russia's finest writers explores some of the thorniest issues of the early twentieth century.
Maria's War: A Soldier's Autobiography

Maria's War: A Soldier's Autobiography

This astonishingly gripping autobiography by the founder of the Russian Women’s Death Battallion in World War I is an eye-opening documentary of life before, during and after the Bolshevik Revolution.
Fearful Majesty

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.
White Magic

White Magic

The thirteen tales in this volume – all written by Russian émigrés, writers who fled their native country in the early twentieth century – contain a fair dose of magic and mysticism, of terror and the supernatural. There are Petersburg revenants, grief-stricken avengers, Lithuanian vampires, flying skeletons, murders and duels, and even a ghostly Edgar Allen Poe.
The Little Humpbacked Horse (bilingual)

The Little Humpbacked Horse (bilingual)

A beloved Russian classic about a resourceful Russian peasant, Vanya, and his miracle-working horse, who together undergo various trials, exploits and adventures at the whim of a laughable tsar, told in rich, narrative poetry.
Russian Rules

Russian Rules

From the shores of the White Sea to Moscow and the Northern Caucasus, Russian Rules is a high-speed thriller based on actual events, terrifying possibilities, and some really stupid decisions.
Turgenev Bilingual

Turgenev Bilingual

A sampling of Ivan Turgenev's masterful short stories, plays, novellas and novels. Bilingual, with English and accented Russian texts running side by side on adjoining pages.
Dostoyevsky Bilingual

Dostoyevsky Bilingual

Bilingual series of short, lesser known, but highly significant works that show the traditional view of Dostoyevsky as a dour, intense, philosophical writer to be unnecessarily one-sided. 

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