Russia is experiencing a new wave of economic crisis and rising anxiety
Consumer sentiment in Russia is rapidly deteriorating, confidence in the economy is declining, and anxiety is growing over a possible new wave of mobilization. This was reported by the Foreign Intelligence Service of Ukraine.
According to intelligence data, the consumer sentiment index in Russia has fallen to 89.5 points—the lowest level since May 2022. Real household savings have declined by 32.1%, and the share of Russians able to set aside funds has fallen to 47.9%. In June, citizens withdrew 0.5 trillion rubles from bank deposits, and demand for new cars shifted toward used cars (for every new car sold, nearly five used cars were sold).
Furthermore, amid the Kremlin’s plans to continue the war and rumors of mobilization following the fall elections to the State Duma, Russians are once again considering leaving the country. In particular, due to rising demand for relocation, rental prices in Armenia have increased by 30% over the past three months.
Source: Foreign Intelligence Service of Ukraine.
After three years of unexpected economic growth, Russia is facing a sudden slowdown—war costs, inflation, and falling oil prices have begun to weigh on an economy that, until recently, seemed resilient to sanctions.
Consumer lending in Russia has fallen to a six-year low.
