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The Economic Times

Top News / The Economic Times

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Putin envoy warns of Russian economy going 'berserk' on war footing

In a bleak warning, President Putin's envoy cautions that the Russian economy could spiral out of control. Concentrating solely on military expenditures might jeopardize vital civilian industries and hinder overall economic progress. This strategy reflects the unsustainable Soviet wartime approach. Additionally, other officials have voiced apprehensions about the economic impact of the prolonged conflict, with signs of public war fatigue and a growing desire for peace negotiations among citizens.

1 Sep 2026 7:48 pm