Russia's wartime economy now has problems.
俄罗斯的战时经济现在有压力。
A lot of money goes to the army. So the budget deficit is growing.
很多钱用在军队上,所以预算赤字越来越大。
Consumers and businesses feel more negative.
消费者和企业更悲观。
Growth has also become slower.
增长也变慢了。
But economists say this does not mean a financial crisis or collapse will come soon.
但是经济学家说,这不代表金融危机或经济崩溃马上会来。
The Iran war made oil prices rise. So Russia's oil export income can still last.
因为伊朗战争让油价上涨,俄罗斯重要的石油出口收入还能维持。
The government can still pay for the Ukraine war now.
政府现在还能付乌克兰战争的钱。
Consumer confidence has fallen since its high point in 2024 and 2025.
消费者信心从2024到2025年的高点后一直下降。
Ukrainian drones attacked oil refineries. So gas prices rose and there were shortages.
乌克兰无人机袭击炼油厂,所以汽油价格上涨,还出现短缺。
Attacks on online sellers Wildberries and Ozon also hurt many small businesses.
对在线零售商Wildberries和Ozon的袭击,也让很多小企业失去库存和客户。
The Levada Center's consumer confidence index fell to 94 in the summer.
列瓦达中心的消费者信心指数在夏天降到94。
In spring and summer of 2025, it was 116.
2025年春夏是116。
Growth also slowed from its high point of over 4% in 2023 and 2024.
增长也从2023到2024年超过4%的高点变慢。
The government expects growth of 0.6% this year.
政府预计今年增长0.6%。
Budget pressure is a key sign.
预算压力是关键信号。
By the end of July, the deficit was 2.8% of yearly economic output.
到7月底,赤字占年度经济产出的2.8%。
This is almost twice the original goal.
这几乎是原定目标的两倍。
The reserve fund's usable resources fell to 1.6% of GDP.
储备基金可用资源降到GDP的1.6%。
The Kremlin needs to borrow money from domestic banks.
克里姆林宫需要向国内银行借钱。
Russian bond interest rates are as high as 17%.
俄罗斯债券利率高达17%。
Putin has already raised VAT and other fees.
普京已经提高增值税和其他费用。
He has also tightened taxes on small businesses.
他也收紧对小企业的征税。
Kluge is an expert at a German institute. He wrote that budget pressure makes more people doubt. How long can Russia fight this war?
德国国际与安全事务研究所专家克卢格写道,预算压力让更多人怀疑俄罗斯还能打这场战争多久。
Weafer from Macro-Advisory described the economy as "tolerable stability."
咨询公司Macro-Advisory的威弗把经济描述为“尚可忍受的稳定”。
Public feeling is complaint, but not protest.
公众情绪是抱怨,但不是抗议。
Becker from the Stockholm School of Economics thinks the current path is "unsustainable."
斯德哥尔摩经济学院的贝克尔认为当前轨迹“不可持续”。
But when the crisis will come is still very uncertain.
但是危机什么时候来还很不确定。
Oil export income bounced back to 15.8 billion dollars in June.
石油出口收入6月反弹到158亿美元。
Kremlin spokesman Peskov said that macro stability is guaranteed.
克里姆林宫发言人佩斯科夫说,宏观稳定有保障。
VEB.RF chief economist Klepach warned about Russia. He said Russia is falling behind in tech and economic competition.
VEB.RF首席经济学家克列帕奇警告,俄罗斯正在技术和经济竞争中落后。
After that, he was fired.
随后他被解雇。