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Switzerland eases UBS capital rules

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Oil up over 2% on supply worries

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22 Hrs2026-08-31T19:11:02.013Z
Oil up over 2% on supply worries
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Russians Worry About Soviet Rhetoric

Russians Worry About Soviet Rhetoric

The article addressed the criticisms directed at Russia's official discourse regarding the economic and social situation. Many Russian experts and politicians, including writer Valentin Katasanov, described the government's narrative as ignoring real challenges such as economic slowdown, declining growth, labor shortages, and technological lag. He pointed out that the Central Bank's strict policies and falling investments have led to dead-end streets for businesses, with citizens growing increasingly anxious due to inflation and the absence of stability—despite officials' statements of "full stability" and "insulation from sanctions." The article also criticized the government’s manipulation of terminology and distortion of facts concerning the crisis, as well as the use of state media to exploit external threats to justify internal pressures and authoritarian policies. It drew a parallel between today’s economic situation in Russia and the stagnation periods of the late Soviet Union, noting that current challenges threaten a severe economic recession in the future. At the same time, the country’s gold reserves show a significant decline, raising questions about the truthfulness of officials' claims and potential moves towards privatization.

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