Russia Faces Recession and Worst Harvest in 17 Years

WooGlobe

Russia is teetering on the edge of a major economic crisis. With its worst harvest in 17 years and a sharp drop in oil and gas revenues, Vladimir Putin’s war economy is under massive strain. Despite a high-profile meeting with Donald Trump in Alaska to delay further U.S. sanctions, Russia's GDP is slowing fast, reserves are shrinking, and the threat of recession is growing louder. This video breaks down how failing crops, falling exports, and deepening deficits are pushing the Russian economy toward collapse. WooGlobe Ref : WGA715986 For licensing and to use this video, please email licensing@wooglobe.com

Transcript

00:00Russia's economy is teetering on the edge, and the cracks are getting harder to hide.

00:04Despite meeting with Donald Trump in Alaska last week to stall more U.S. sanctions,

00:09Putin is running out of time.

00:11Russia is now facing its worst harvest in 17 years, and that's just the beginning.

00:16Grain exports have crashed, scorched by record heat, unseasonable frost, and drought.

00:21From being an agricultural powerhouse to this, it's a massive blow.

00:25And it's not just food.

00:27Oil and gas revenues, Russia's biggest moneymaker, plunged 27% in July.

00:33That's billions gone.

00:35Now, the Kremlin is digging into its reserves.

00:38Russia's wealth fund has dropped from $135 billion to just $35 billion.

00:44Economists say GDP growth will fall to 1.2% this year and could nearly flatline in the years ahead.

00:50Debt is rising.

00:52Interest rates are swinging.

00:54And with no relief in sight, a recession is looming.

00:57Analysts warn, Russia's war economy is cracking under pressure.

01:01And while Putin's not backing down, the system holding him up might be.

01:04The plan is跟你capHz banding in front of the world.

01:13And he sits to the

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