Russia’s War Economy Risks Going Out of Balance, Titov Warns
Putin’s international development envoy Boris Titov warned that Russia’s economy could go “berserk” if policy focuses exclusively on the military-industrial complex, stressing the need to balance military needs with civilian sectors as Moscow presses to win in Ukraine. He noted signs of strain from higher taxes, property redistribution, and business contributions to finance the war, and described “berserk mode” as time-limited. With growth expected to around 0.4% this year and civilian sectors stagnating, Ukrainian attacks on economic targets could further slow the economy. Titov’s comments come ahead of Putin’s Far East economic forum amid election-season tensions and rumors of mobilization, signaling Kremlin concern about war-related economic pressures.