Russian analysts are preparing the people for a crisis similar to the collapse of the 90s

23 March 2022, 15:36 | Economy
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The crisis in Russia related to the war in Ukraine will be similar to the crisis of the 90s. Russian analysts say this, in particular Ivan Fedyakov, founder and CEO of Infoline.

" There has not actually been such a double blow for 30 years. The last one was in 1992,"

According to him, firstly, the devaluation of the ruble. Secondly, a break in production chains, which was not the case in previous crises, excluding the crisis in 1992.

Then the devaluation coincided with the collapse of the USSR and the key problem was the disruption of production chains.

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Earlier it was reported that citizens of the Russian Federation withdrew from banks in February the largest amount of money in 14 years.. The outflow of money from banks was stopped by the Central Bank of the Russian Federation. The volume of money that the population keeps in Russian banks decreased in February by 1.2 trillion rubles in absolute terms, in relative terms - they decreased by 3.5%.




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