The economy of the aggressor country is repeating the scenario of the late USSR - intelligence
Kyiv • UNN
The Russian economy is experiencing its deepest crisis in 20 years, which may force the Kremlin to reconsider its economic policy. By the end of 2025, a sharp slowdown in industrial growth and a record budget deficit were recorded.
The economy of the aggressor country is entering the deepest crisis phase in the last two decades. Analysts are increasingly comparing the current situation to the delayed crisis of the late Soviet Union, reports UNN with reference to the Foreign Intelligence Service of Ukraine.
Details
According to the Foreign Intelligence Service of Ukraine, this may force the Kremlin to radically revise its economic policy, which has been shaped since the early 2000s.
The results of 2025 showed a sharp slowdown in industrial growth, a record budget deficit, and significant financial losses in the real sector. This refers to the exhaustion of the state capitalism model, which relied on massive budget injections.
The Foreign Intelligence Service also added: a key signal of the crisis was the practical halt of industrial growth. For example, if in 2023-2024 industrial production grew by 4-6%, then in the eleven months of 2025, the increase was only 0.8%.
The decline in dynamics in the manufacturing industry is most indicative. Freight transportation by "RZD", which fell to a 16-year low, indicates both export problems and a cooling domestic market. The financial condition of private enterprises is also rapidly deteriorating. A separate factor of instability was the rapid degradation of the budget situation. The deficit of the federal budget of the Russian Federation in 2025 increased to 5.65 trillion rubles, exceeding even the level of the COVID-19 year 2020.
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