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Sweden Says Russia Understates Deficit as Economy Weakens
Sweden says Russia is masking a budget gap of about $30 billion while inflation and GDP weakness deepen, according to military intelligence.
18 Articles
18 Articles
Secrets from Sweden ensure that Russia manipulates economic statistics to convince Ukraine's allies that Moscow's economy has resisted sanctions and heavy military spending.
"The Russian economy can only end in one of two scenarios," assesses the Swedish intelligence chief.
"The Russian economy has two possible scenarios: long-term decline or shock," said Thomas Nilsson, head of Sweden's Military and Security Intelligence Service, for the Financial Times. "The Russian economy, in difficulty, has failed to recover, even though rising oil prices on the Middle East war bottom fuelled the Kremlin's...
Russia's state budget is heavily under pressure after four years of war of aggression against Ukraine. According to Sweden's head of military intelligence, Moscow even manipulates data to make its economy look better.
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Bias Distribution
- 67% of the sources lean Left
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