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33.5% in 3 Months: The Sudden Collapse of Russia’s Homebuilders
Russia’s domestic housing bubble is bursting, and the collateral damage is arriving faster than the state can conceal it. In less than three months, bankruptcies among Russian real estate developers have surged by 33.5%. Behind the Kremlin’s narrative of economic resilience, one of the pillar industries of the domestic economy is grinding to an abrupt halt.
In this episode of the Weekly Economic Review, we go beyond official statistics to unpack why Russia’s homebuilders are collapsing under the weight of punishing interest rates, the end of subsidized mortgage programs, and severe liquidity crunches. When developers go insolvent, everyday Russians are left holding worthless contracts for unbuilt concrete skeletons, with life savings trapped in an increasingly fragile banking system.
From the cannibalization of civilian enterprise to fund the war apparatus to the corporate insolvency wave sweeping the regions, here is what the data actually reveals about the breakdown of Russia’s domestic economy. In this week's Economic Review, we look past the official propaganda to uncover the real state of the Russian economy in September 2026.
https://www.youtube.com/live/-mHxYR5fGDU