Russia's Economy: Sanctions and Growth Prospects (Guest: Prof. Jacques Sapir)

Russia’s official growth numbers looked spectacular in 2023–24, so why did momentum suddenly fade in 2025? In this episode, Professor Jacques Sapir explains how the Central Bank’s real-rate surge reshaped household behavior, pushed money into savings, and squeezed non-subsidized parts of the economy. He challenges the 4% inflation target as unrealistic and warns of a future demand surge when savings return to spending.