Economist Oleg Ustenko revealed an unpromising outlook for the Russian economy, calling it doomed to degradation. Ustenko emphasized that the Russian government is the main reason for this - the country remains resource-dependent, lacking access to necessary technologies and scientific developments.
All of the Kremlin's promises about import substitution are a fiction
The scholar also noted that sanctions and loss of trust from external partners have led to serious problems in the development and modernization of the economy. The lack of trust can lead to a withdrawal of investments from the country and a loss of local capital.
Ustenko pointed out that Russia stands on the edge of fate, similar to Iran, and could repeat its path as a result of the imposed sanctions. He warned of extremely difficult times ahead for the Russian economy and the country's population.
Ustenko stressed the serious problems faced by the Russian economy, noting significant risks due to sanctions and the loss of trust from external partners. Regarding the future of the country, he expressed pessimistic forecasts about possible economic difficulties that Russia will face.