“What happens in the Russian military economy? It is pumped up with money, it is pumped up by state orders. There are high salaries, all people go there. And there they constantly produce more and more weapons samples to kill Ukrainians. What is happening in the civilian economy? And there is not enough money, there are not enough people,” he said.
According to the entrepreneur, civilian enterprises in the Russian Federation cannot be credited and “terrible losses” tolerate due to the fact that the market is reduced and they cannot buy the equipment they need.
“The civilian economy, in fact, is declining in whole sectors. Many signs are evidenced by. One of the classical signs of economic decline is a decline in mortgages and civil construction. A huge number of unsold apartments, a huge number of developers who are in fact standing on the verge of collapse, and in general the decline of the entire banking system, because people do not trust, remove deposits,” Pekar explained.
Referring to data from the Russian Federation, he emphasized that the budget deficit is practically half the annual planned budget deficit.
“At the end of 2025, Russia is going out with a budget shortage than its reserves. And what does this mean? This means that we will print rubles. We will print rubles that are at the same time depreciate,” the baker said.
He emphasized that “the modern war terribly burns resources” and “to wage such a war is forever impossible.”
“At some point, Russia will simply be unable to finance the war. When this will happen? According to very optimistic estimates, this will happen before the end of this year. And according to pessimistic estimates, this will happen over the next year. Well, that is, it must be understood that this is not“ two weeks ”and the war can last a certain time. But not 10 years,” the baker said.
Context
On June 20, the illegitimate President of the Russian Federation Vladimir Putin said that he considers rumors about the decline of the Russian economy too exaggerated. He stated that the Russian Federation “paid inflation for the need for military expenditures,” but was fighting with her. He also added that the Russian Federation from next year allegedly could To reduce military costs, recognizing that the current burden on the country's economy is redundant.
On July 16, the chairman of the Council of the Federation of the Russian Federation Valentina Matvienko during a meeting of the upper house of the parliament said that the assembly of 2026 in the Russian aggressor country, the preparation of which Russian officials begin, should be the “strictest savings” of funds.
On July 26, Bloomberg informed that the Russian economy, which has long demonstrated stability, despite international sanctions, “demonstrates more than cracks” with a volume of $ 2 trillion. The head of the Central Bank Elvira Nabiullina stated that the fears regarding the capital of banks are completely unfounded, the general director of Sberbank German Gref admitted: the quality of the loan portfolio is worsening, companies are increasingly forced to restructure debts.
At the end of August, Putin was reported about A sharp deterioration in forecasts In the economy of the Russian Federation – predicted a slowdown in GDP growth up to 1.5% in 2025.
