Putin’s Waning Support and Economic Strains Cast Shadow Over Russian Markets
Vladimir Putin's approval rating has plummeted to 65.6%, a stark 22.4-point drop from its wartime peak, as Russia's faltering economy and protracted Ukraine conflict erode public confidence. The Kremlin's censorship apparatus masks deeper discontent—criticism of the war carries criminal penalties.
Economic indicators flash warning signs: GDP contracted 1.8% year-to-date, while unpaid commercial debts ballooned to $109 billion. At a Moscow business forum, executives openly rebuked policymakers. 'They've lost touch with reality,' charged Vladimir Bogalev, a tractor manufacturer, signaling rare defiance toward the regime.
The geopolitical quagmire shows no resolution. Failed peace talks and stalled military objectives—including the unfulfilled 2022 goal of capturing Donetsk—have left the conflict dragging longer than WWII. Meanwhile, Trump's entanglement in Iran complications removes a potential negotiation catalyst.
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