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Published Russian FederationUpdated

Russian Economy Meltdown as Black Market 'Booming' and 'Nothing’s Off Limits'

Summary by Daily Express
A former banking chief has warned that Russia's economy could get ‘out of control' due to the rise in fake goods.

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Russia's economy in turmoil with 'booming' black market undermining Putin

·United States
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War Keynesianism did not save the Kremlin.

US Treasury Secretary Scott Bessent stated during a congressional hearing that Ukraine's economy could overtake Russia's within two decades. Meanwhile, Putin announces new plans for economic mobilization in the direction of war, completely ignoring the negative trends for his country. The Kremlin's new plans will absorb another trillion rubles.

·Poland
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During a recent congressional hearing, US Treasury Secretary Scott Bessent said that Ukraine’s economy could overtake Russia’s within the next 20 years. He stressed that in the modern world, economic security is an important part of any country’s national security. That is why President Trump and he are confident that “the sustainable prosperity of Ukraine’s economy will be a key guarantee of its security in the long term,” Bessent said at the t…

The Minister of Finance of the USA said that in 20 years, the economy of Ukraine, thanks to effective management and global investments, can become bigger than the economy of Russia.

·Kyiv, Ukraine
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ГОЛОВНА broke the news in Kyiv, Ukraine on Wednesday, June 11, 2025.
Sources are mostly out of Ukraine (2)

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