{"id":336486,"date":"2025-08-11T19:24:11","date_gmt":"2025-08-11T19:24:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/336486\/"},"modified":"2025-08-11T19:24:11","modified_gmt":"2025-08-11T19:24:11","slug":"russia-economy-meltdown-as-towns-left-abandoned-and-industries-collapse-world-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/336486\/","title":{"rendered":"Russia economy meltdown as towns left abandoned and industries collapse | World | News"},"content":{"rendered":"

Russia is at risk of seeing 130 of its small towns dying amid collapsing industries, “poor” infrastructure and lack of investment, a Ukrainian former central banker has claimed. Kyrylo Shevchenko, who regularly comments on Russia<\/a>‘s economy, said the towns are home to 3.4 million people, some of whom he claimed are being relocated to occupied parts of Ukraine<\/a>.<\/p>\n

In a post on social media, Mr Shevchenko wrote: “Russia<\/a> risks losing 130 small towns, home to 3.4M people. In a decade, they\u2019ve lost 314K residents amid collapsing industries, poor infrastructure and no investment. The state\u2019s response: $50M (\u00a337.2m) and \u2018voluntary resettlement\u2019.<\/p>\n

“I\u2019ve also read Russia<\/a> is relocating people from remote regions to occupied parts of Ukraine<\/a>. Important to keep in mind”.<\/p>\n

In another tweet posted on Monday (August 11), Mr Shevchenko, who was of Ukraine<\/a>‘s National Bank from July 2020 until October 2022, claimed 141,000 firms have “vanished” in Russia<\/a> in just six months, outpacing new registrations for the first time since 2022.<\/p>\n

Mr Shevchenko was responding to a study commissioned by the Kremlin carried out by the Russian Presidential Academy of National Economy and Public Administration(RANEPA).<\/p>\n

It estimates that 129 small towns with a total population of 3.4 million people are at risk of disappearing.<\/p>\n

Lack of jobs is one of the main reasons for falling populations in those areas as well as provincial towns being hit particularly hard by conscription drives for Russia<\/a>‘s war in Ukraine<\/a>.<\/p>\n

In July, a minister in Russia<\/a>‘s energy department warned over a quarter of coal companies in Russia<\/a> were at risk of closing amid a crisis in the industry, in part due to debt levelsx, weak demand and low prices, according to The Moscow Times<\/a>.<\/p>\n

News of RANEPA’s report came in the same week US President Donald Trump<\/a>‘s administration took steps towards punishing countries which buy Russian oil.<\/p>\n

Washington had set last Friday as a deadline for Moscow to make more progress towards a peace deal with Kyiv or face the imposition of tariffs on countries which buy oil from Russia<\/a>.<\/p>\n

India was last week subjected to an additional 25% tariff for importing Russian oil. China, which is the biggest importer of oil from Russia<\/a>, has not received the same treatment.<\/p>\n

Nevertheless, such tariffs could further weaken the Russian economy, which is dominated by fossil fuels.<\/p>\n

Mr Trump raised the prospect of normalised trade relations between the US and Russia<\/a> on Monday (August 11) ahead of a planned meeting between the US leader and Russian President Vladimir Putin<\/a> on Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"Russia is at risk of seeing 130 of its small towns dying amid collapsing industries, “poor” infrastructure and…\n","protected":false},"author":2,"featured_media":336487,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[12,332,16490,29401,2045,120390,7661,333,26],"class_list":{"0":"post-336486","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world","8":"tag-news","9":"tag-russia","10":"tag-russia-economy","11":"tag-russia-latest","12":"tag-russia-news","13":"tag-russia-recession","14":"tag-russia-ukraine-war","15":"tag-vladimir-putin","16":"tag-world"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115011771660235787","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/336486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=336486"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/336486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/336487"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=336486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=336486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=336486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}