this post was submitted on 20 Apr 2026
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Global News

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Swedish intelligence: Russia manipulates data to lie about its economy. Putin may not know. (news.liga.net)
submitted 6 months ago by randomname@scribe.disroot.org to c/globalnews@lemmy.zip
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Archived version

...

Nilsson emphasized that Russia's official data already paints a worrying picture for the Kremlin – Russian dictator Vladimir Putin last week noted that Russia's GDP shrank by 1.8% in January and February, and Russian Central Bank Governor Elvira Nabiullina said the next day that "external conditions are now almost constantly deteriorating – both for exports and imports.".

However, the Swedish intelligence chief noted that the real situation is even worse, and the Russian Central Bank is underestimating inflation, which, in his opinion, is closer to the key interest rate of 15% than the official 5.86%. Nilsson added that Sweden has agreed with the BND, Germany's foreign intelligence agency, that Russia is underreporting its budget deficit by $30 billion and has also noticed some financial indicators that could point to a future banking crisis.

Nilsson suggested that Putin may not know how bad the economic situation really is. But even with the false information he receives, in the end, he will not be able to escape reality.

...

Sweden believes that Russia is "living in debt" and that the aggressor state's economy can only fall into one of two scenarios: a long-term recession or a shock. In any case, "it will continue to fall to a financial catastrophe," said the intelligence chief.

...

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[–] CatalpaRed@lemmy.zip 3 points 6 months ago

The fact that they felt the need to publish this headline makes me think the Russians are printing doing wuite well.