Apparently the second wave of mobilisation in Russia started.
I have already said in the early beginning there is nothing called partial mobilisation.
The official version is that it’s not the second wave, it’s just “additional mobilization because some regions failed to get the “right” people in the first wave.
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🧵Russia’s Central Bank chief just spoke frankly about the state of the RUSSIAN ECONOMY — at Putin’s own flagship forum. Here’s what Elvira Nabiullina warned, and why it matters.
1/6 At the St. Petersburg International Economic Forum, Russia’s Central Bank chief Elvira Nabiullina made a rare admission:
“Many of the resources that fueled our growth over the past two years are now exhausted.”
Not oil. Not gas. She meant people, production capacity, and money.⏬
2/6 The Russian economy had been growing thanks to leftover internal reserves:
– excess labor
– underused industrial capacity
– spare banking capital
– and rainy-day money from the National Wealth Fund (NWF)