Russian Attitudes Toward Putin and the Economy

Putin's trust rating is falling and so is the Russian people's confidence in the economy.

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Russian Attitudes Toward Putin and the Economy
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The coronavirus crisis has hit an already sluggish Russian economy, causing a decline in demand for Russian goods both at home and abroad. Add to this the sharp decline in oil prices, and it’s clear to see why Russians are growing increasingly uncertain about their future and the future of their country.

One of the main consequences of the coronavirus lockdown in Russia was a decline in household incomes, which even before the pandemic had not shown growth for some time. Russian statistics agency Rosstat reported that real disposable incomes fell by 8 percent in April-June year over year, the steepest drop since 1999. Entrepreneurial income accounted for 3.5 percent of total income in the second quarter of 2020, its lowest quarterly value since at least 2000.

The drop in living standards and increase in uncertainty are reflected in President Vladimir Putin’s declining trust rating. The government, however, has responded to his slipping popularity by targeting popular representatives who have opposed Putin, including Sergei Furgal, the former governor of Khabarovsk region and a member of the opposition Liberal Democratic Party, who was arrested in July on charges of involvement in four murders between 2004 and 2005. Since Furgal’s arrest, protests have erupted in Khabarovsk and across the country demanding his release.

Geopolitical Futures
Geopolitical Futures (GPF) was founded in 2015 by George Friedman, international strategist and author of The Storm Before the Calm and The Next 100 Years. GPF is non-ideological, analyzes the world and forecasts the future using geopolitics: political, economic, military and geographic dimensions at the foundation of a nation.