Predictions for Russia's Economy in 2024 (Guest: Ben Aris)

In this episode, Ben Aris, editor and founder of BNE IntelliNews,
shares his insights on the state of the Russian economy amidst
sanctions. Russia adapted to the pressure by adjusting its tax
system and finding new revenue streams, leading to a
stronger-than-expected economic performance in 2023 with growth
and rising real incomes. Looking ahead to 2024, the Russian
economy is expected to face challenges including maxed-out
capacity and tightening labor markets, suggesting potential
slowdowns in growth. Ben Aris also discusses the implications of
using frozen Russian central bank reserves, the inefficacy of
current sanctions over the long term, and the broader impacts on
the European economy, including Germany.