Russia's Economic Collapse: Admitting the Impact of Western Sanctions

Russia has admitted that it was on the verge of economic collapse last year due to Western sanctions imposed after its invasion of Ukraine. However, the Kremlin now claims that it has successfully recovered and is entering a new growth phase, with predictions of up to 3% growth this year. Despite these claims, experts have expressed doubts about Russia's economic future, citing signs of financial trouble, collapsing sectors like the auto industry, high inflation, and a plunging ruble. Some researchers even suggest that Russia's economy could be teetering on the edge of collapse as the war with Ukraine consumes all available resources.