Putin envoy warns Russia’s economy could go "berserk" under military focus

  • Boris Titov warned against directing Russia’s economy entirely toward military-industrial needs.
  • 0.4% is the expected Russian economic growth rate this year.
  • Russia will hold a parliamentary election this month amid growing war fatigue.

Russia’s economy risks entering a temporary "berserk mode" if it is redirected entirely toward the military-industrial complex, President Vladimir Putin’s international development envoy Boris Titov said in an interview with business outlet RBC. Titov argued that military and civilian economies can benefit from one another but warned that balance is essential. His comments highlight concern among Kremlin technocrats as the 4-1/2-year war in Ukraine weighs on civilian industries and the government increases pressure on businesses to support the war effort. Russia’s economy is expected to grow by only 0.4% this year, while Ukrainian attacks on refineries, online retailers, and oil and grain export infrastructure could further weaken activity. Titov’s remarks came before an economic forum in Russia’s Far East that Putin will attend and ahead of a parliamentary election this month. Polls show growing war fatigue and support for a peace settlement, while the Kremlin has rejected rumors of a major post-election mobilization as a hoax.

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