MarketsNotableEmerging
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Satellite night-light analysis suggests Russian economic contraction exceeds official data
Die PresseLO·RU·3 days ago
Mikhail Zadornov, Russia's finance minister in the late 1990s and former head of Otkritie Bank, publicly stated that transforming Russia's economy into a military one is 'impossible' and represents a 'complete breakdown of the system.' This rare public criticism from a former senior economic official signals growing elite concern over the sustainability of Russia's war-driven economic model, though Zadornov is not currently in power and his influence is limited.