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Posted to YouTube by The National, April 18, 2016.

According to the updated forecast of Economic Development Ministry for 2016, the decline of Russia’s GDP will amount to 0.6%. According to the basic forecast for 2017-2019, the economy will start to grow: GDP will grow by 0.2% in 2017 by 0.9% in 2018 and by 1.2% in 2019. According to the “basic plus” forecast, that the ministry considered to be the most realistic, the economy will grow by 1.1%, 1.8% and 2.4% respectively in the next three years.

http://tass.com/economy/916092 – 12/1/2016

An average of 19.2 million Russians – or 13.4% of the population – were living last year on less than 9,452 roubles ($139) a month, the minimum subsistence level determined by the Russian government in the fourth quarter.

This figure represents a 20% increase year-on-year, with an average 16.1 million people living below the poverty threshold in 2014.

https://www.theguardian.com/world/2016/mar/22/millions-more-russians-living-in-poverty-as-economic-crisis-bites – 3/21/2016.

Almost one in five respondents (17 percent) have had problems with delayed wage packets, while 16 percent expected delays in the coming months.

Some 18 percent said that that they relied on help from the state — a level not seen since 2008.

https://themoscowtimes.com/news/80-of-russians-feeling-countrys-economic-decline-55476 – 9/26/2016.

New numbers may become available for popular web searching at year’s end, but nothing BackChannels has turned up suggests conditions will improve anytime soon.  However, one report (listed in this post’s reference) on Russia’s military economy linked a boost in defense sales numbers to the demonstration in Syria of Moscow’s latest war fighting technology.


Where has Russia’s wealth fled?

Over the course of years, “capital flight” from Russia has been disastrous for Moscow.

2015: $58.9 billion
2014: $151.5 billion
2013: $61 billion

The URL’s go direct to source.

BackChannels has seen President Putin encourage the return of capital to Russia’s internal economy, and, still recent in the news, perceives effort to sell Russian capability to business.

Still, there remain the black marks of “unfreedom” (reference the Freedom House listing for Russia), apparent war crimes in Syria, and obvious aggression in the invention and deployment of “hybrid warfare” — and otherwise conventional enough machinery — in Crimea, Ukraine, which is today, literally, a very tense situation.

If BackChannels were part of a multi-billion dollar enterprise, it too might wish to park some largesse in old fashioned rule-of-law London (along with other wealthy — and wise — of the world).

Posted to YouTube by Real Stories, September 13, 2016.

Additional Reference

AFP.  “Russia capital flight more than doubled in 2014 to $151 bn.”  Business Insider, January 19, 2015.

Mugg, James.  “The One Chart That Russia’s Military Should Be Very Afraid Of.”  The National Interest, November 26, 2016.

Oliphant, Roland. “Russia deploys warships near Crimea as Ukraine fires missiles in air defence drill.”  The Telegraph, December 1, 2016.

Posen, Barry R.  “How to Think About Russia.”  The National Interest, November 29, 2016.

Putin, Vladimir.  “Russia Calling!  Investment Forum.”  President of Russia, Kremlin, October 12, 2016.

Rogin, Josh.  “Putin and Assad could face justice for war crimes in Syria.”  The Washington Post, October 9, 2016.

Tanas, Olga and Andre Tartar.  “Putin Favoring Military Picks Guns Over Schools, Hospitals”.  Bloomberg, September 12, 2016.

The Moscow Times.  “Russian Capital Outflow Hit $59 Billion Last Year.”   January 18, 2016.