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Putin mobilizes: The ruthless transformation of the Russian economy into a war economy and the production of drones in a bakery.
According to a report by www.stern.de, Russian industry is being ruthlessly transformed into a war economy. Russian President Putin is pushing ahead with the mobilization of the economy to ensure that Russia has enough material and people available in the war. An expert from the Austrian armed forces confirms that Russia has massively increased the production of battle tanks and artillery shells. The production of self-propelled howitzers increased sixfold, and the production of artillery shells is said to be twice as high as initially assumed. Furthermore, the Kremlin is integrating small and medium-sized companies into the war economy that traditionally have nothing to do with armaments, such as a large bakery that, in addition to baked goods...
Putin mobilizes: The ruthless transformation of the Russian economy into a war economy and the production of drones in a bakery.
According to a report by www.stern.de, Russian industry is being ruthlessly transformed into a war economy. Russian President Putin is pushing ahead with the mobilization of the economy to ensure that Russia has enough material and people available in the war. An expert from the Austrian armed forces confirms that Russia has massively increased the production of battle tanks and artillery shells. The production of self-propelled howitzers increased sixfold, and the production of artillery shells is said to be twice as high as initially assumed. The Kremlin is also integrating small and medium-sized companies into the war economy that traditionally have nothing to do with armaments, such as a large bakery that produces drones in addition to baked goods.
The impact of this move on the market and the financial industry is serious. Mass production of tanks and artillery shells could lead to an oversupply on the international arms market, which could depress prices for such equipment. On the other hand, increased production could also lead to increased demand in other countries that are also preparing for conflict. With regard to the financial sector, the conversion of companies to a war economy would potentially lead to new investment opportunities, as these companies now receive increased government support and subsidies.
Integrating smaller companies into defense production could also boost technological development in Russia and lead to the creation of new jobs and business opportunities. However, focusing on the war economy also carries the risk that the Russian economy will become too dependent on the defense industry and other sectors will be neglected.
Overall, the transformation of the Russian economy into a war economy is a significant and controversial issue that could potentially have far-reaching effects on the market and the financial industry. It remains to be seen how these developments will develop in the future.
Read the source article at www.stern.de