Russian wholesalers have reported the worst industrial crisis since the 1990s, according to a survey conducted by the Institute for Economic Forecasts of the Russian Academy of Sciences. Demand forecasts from large companies have dropped below the lows experienced during the economic downturns of 2009 and 2015.
The decline in demand is significant, as the 2009 crisis was driven by the global financial crisis, while the 2015 downturn was influenced by the initial sanctions imposed on Russia following the annexation of Crimea.
This current industrial crisis highlights ongoing economic challenges faced by the country. For further context on economic trends, see recent developments in silver prices.
The situation reflects broader economic difficulties that have persisted in Russia, raising concerns among industry stakeholders.
