Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Long and boring necropost, but still I want to add some PoV from inside.

By numbers provided by Rosstat Russia looks somewhat stable, but in reality internal economic there is going to break if it would be treated the same way as for now. Some of the problems:

The real inflation rate is way higher than salary grow, especially in 60-th percentile and below which means 60% of active workers who already have income lower comparable to China are become poorer each day.

Whooping 11+% rate for loans on housing: with quick calculations a family of two working parents who can't apply to a subsidized loan (less than 2 children or both are older than 35) would have to pay 61% of a single average net salary each month for a 2-room apartment outside of Moscow or St. Petersburg and 10% for housing expenditures, so they both have to live on $729 in current exchange rate, which would be not enough to raise a single child.

There was a historical event on the 3rd of December, 2018: average price for Regular Conventional gas in US went below the correspondent mark of gas in Russia and is still lower. Why? Russian oil companies (there are only 3 of them as of now) haven't heard of work efficiency and ROI, but can make citizen pay to them.

The two biggest expenditures in budget from 2017 are military (with other secret parts) and current pensions, the latter is a 20-year of fkups in pension reforms, currently each worker indirectly (employees pay these to government in addition to wages without any reports to employers) sends 22% of their salary to pay current pensions and that covers 30% of them.

Social welfare spending? Education and science fundings were cut twice last year.

Would provide sources if someone asks, I just don't have enough time to lurk back on them to get the links and most of them would show you texts in russian anyway.



Consider applying for YC's Summer 2026 batch! Applications are open till May 4

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: