Natalia Zubarevich on the Russian economy 2.5 years into sanctions / Redaktsiya. Interview

Опубликовано: 10 Август 2026
на канале: Редакция
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Today, not only experts and analysts, but also newsmakers like Herman Gref and Elvira Nabiullina, are talking about the overheating of the Russian economy.

18+ THIS MATERIAL (INFORMATION) WAS PRODUCED, DISTRIBUTED, AND/OR SENT BY FOREIGN AGENT ALEXEI VLADIMIROVICH PIVOVAROV OR CONCERNING THE ACTIVITIES OF FOREIGN AGENT ALEXEI VLADIMIROVICH PIVOVAROV

But what exactly this means, and whether overheating will boil over, is not entirely clear. What is happening in the Russian economy two and a half years after the imposition of sanctions? Why is it necessary to change the tax system now? And why, despite wages rising in the country, have people started taking out even more loans?

I spoke with economist Natalia Zubarevich about this.

Contents:
00:00 Interview with Natalia Zubarevich
02:24 How did the economy recover in 2023?
05:14 Why did growth slow in 2024?
10:29 Why did wages start to rise rapidly?
15:35 What will the labor shortage lead to?
18:33 Are there fewer migrants in Russia?
23:24 Is the government running out of money?
26:40 What has been achieved in import substitution?
31:04 What will happen to housing prices?
38:23 Are Russians getting richer?
42:00 Sanctions not working?
48:08 Will the ruble fall?
50:34 What to expect when the conflict in Ukraine ends?
52:30 What will happen to the economy next?

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