Civila och räddningspersonal i vanlig ordning.
One killed and 14 injured, including 3 rescuers, in overnight Russian attack on Odesa.
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The resources that enabled the Russian economy to grow for two years despite war and sanctions are now exhausted, said Elvira Nabiullina, head of the Central Bank of Russia, at the St. Petersburg International Economic Forum, The Moscow Times reports.
“We grew for two years at a fairly high rate because we used available reserves—labor force, production capacity, capital in the banking system, and funds from the National Welfare Fund, which the government used to patch budget holes and finance trillion-ruble megaprojects. Many of these resources are now truly depleted,” Nabiullina said.
Russia’s unemployment rate has dropped to a historic low of 2.3%, according to Rosstat. However, mass emigration and military mobilization have created a severe labor shortage, which the government estimates at 2 million people.
Since the start of the war, liquid assets in the National Welfare Fund have fallen by a third to 2.8 trillion rubles. Experts warn this reserve could be fully depleted by 2026.
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