Economic collapse could destroy Putin after rejecting Trump deal
British edition The Guardian says that the Kremlin has refused to accept the «peace deal» proposed by the US administration Donald Trump, which effectively handed over large parts of Ukraine to Russia and weakened Kyiv before new attacks. The agreement, according to the author, «rewarded Russian aggression» and threatened to split NATO.
However Vladimir Putin rejected the offer, motivated by «neo-imperial fantasies» and a desire for historical legacy. According to The Guardian, he believed that he could gain more by continuing the war and convinced Trump that a Russian victory was only a matter of time.
The Russian economy is rapidly deteriorating
The publication notes that the prolongation of the war has been catastrophic for the Russian economy:
-27% of oil and gas revenues in annual terms
Inflation 8%
Key rate over 16%
Recession on the horizon
Half of the liquid sovereign wealth fund has already been spent
Rapid growth in prices for imports of strategic goods
The Guardian also writes that the economic degradation is superimposed on Russia's huge losses in the war - about million killed or wounded. The combination of these factors can provoke social crisis and potentially lead to the fall of putin.
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