According to Deputy Prime Minister Alexander Nowak, the hazard region "in terms of solvency ratios or the request for credit restructuring" includes Construction, coal, transport machinery and automotive.
According to the manufacture policy, these industries require a peculiar committee on economical resilience, which was set up during the 2020 crisis and then restarted at the end of last year.
— Monitoring industries, skeletal organisations shows that overall The situation is under control, rather stable. At the same time, of course, there are industries that request peculiar attention and support,” said Nowak, adding that the government has already developed "more than 40 measures" (quote behind the Interfax agency).
Sefa Karacan / Anadol Agency/ABACAPRESS.COM / PAPAleksander Nowak, Deputy Prime Minister of Russia, during Russian Energy Week. Moscow, 13 October 2022.
Although publically The Kremlin continues to repeat its mantra about defeating sanctions, in fact president Vladimir Putin is afraid about the economy as they betrayed Reuters sources close to the Kremlin in January.
According to 1 of them Putin is aware of “really large problems”: billions of defence spending has caused inflation to rise, while trying to reduce it by raising interest rates has caused companies — from tiny to large — to deal with their debts.
Centre for Macroeconomic Analysis and Short-term Forecasts, sympathetic with Kremlin think tank, estimates that all 5th industrial company in the country is at risk, as announced by the economy "rapid increase in corporate bankruptcy".
According to Rosstat, last year Russian GDP increased by 4.1% after the same increase the year before. But it's apparent now that 2025 will be the "year of belt tightening" for the economy, this is Sofia Donet, an economist for the investment department in Russian T-Bank.
According to the global Monetary Fund forecast economic growth will slow down almost 3 times — up to 1.5 percent. In any quarters the economy may even be negative.
