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[BUSINESS] · Russia · 6 sources

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Boris Titov warns of unsustainable Russian ‘berserk mode’ economy

Boris Titov, a special envoy to Vladimir Putin, has issued a rare warning regarding the sustainability of the Russian economy. In an interview with RBC, Titov cautioned against the risks of an economy focused entirely on the needs of the military-industrial complex.

Titov described the current economic state as a ‘berserk mode’ that can only be maintained for a very limited time. He emphasized that while the military-industrial complex can drive technical innovation, it is essential to maintain a balance between military and civilian economic sectors.

This warning comes as the Russian government implements measures to fund the ongoing conflict in Ukraine, including tax increases, asset redistribution, and significant contributions from commercial firms. While some officials advocate for a total mobilization of resources similar to the Soviet era, Titov’s remarks suggest growing concern within the Kremlin regarding the long-term stability of this approach. Economic growth is projected to be approximately 0.4 percent this year, with various non-military sectors facing stagnation or decline.

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Boris Titov · Kremlin · Russia · Ukraine · Vladimir Putin

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