00:00Sweden's military intelligence said late Monday that Russia is manipulating financial data to hide the real state of its economy
00:09amid its ongoing invasion of Ukraine.
00:12According to a statement from Sweden's military intelligence and security service, MUST,
00:17even though official figures showed falling GDP and weak industrial production, Russia was likely plagued by higher inflation and a
00:28larger budget deficit than it was communicating.
00:32The intelligence service said despite the recent period of high oil prices which has provided Russia with increased revenues,
00:40it would take a price of over $100 per barrel for an entire year to remedy the Russian budget deficit.
00:48The intelligence service said the real inflation rate in Russia is closer to the key interest rate of 15%
00:55than to the Russian central bank's official estimate of 5.86%.
00:59The head of the Swedish intelligence agency said Russia is now living in debt,
01:05and Stockholm has recorded financial indications that could point to an impending banking crisis.
01:12At a recent government meeting on economic issues, Russian President Vladimir Putin downplayed the statistics,
01:18stating they represented, quote, generally expected trends.
01:23Russian President Vladimir Putin's had gotten the ä½ Å„s,
01:24Russian President Vladimir Putin, Russian President Vladimir Putin, Russian President Vladimir Putin,
01:25The chief of the United States has declared an ongoing awful lot of Israel in Russia.
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