Home Business News Moscow plots to take over factories as the ‘current economic market system is unfit to meet the needs of our armed forces’

Moscow plots to take over factories as the ‘current economic market system is unfit to meet the needs of our armed forces’

by LLB Finance Reporter
10th May 22 3:06 pm

Moscow are planning to take over factories and other businesses as it would be better for the Russian economy as “current economic market system is unfit to meet the needs of our armed forces.”

Russian military expert Konstantin Sivkov announced a new plan to turn the Russian economy into a wartime one which would be placed under Russian government control.

Sivkov said, “Our current economic market system is unfit to meet the needs of our armed forces.

“And of the entire country under these conditions, we need to move on to another system.

“I will tentatively call it ‘military socialism’ but another title could also be used.

“All strategic resources, without exceptions like land, factories, and everything else, have to be placed under government control.

Sivkov added, “And develop according to a centralised plan.

“Without that, we can’t ensure the production, have you analysed the scope of tasks?

“Currently carried out by our artillery? 4,500-1,600 fire missions, every firing session is a minim of 40-30 shells.

“Multiply that we end up with 50,000 shells per day, they have to be produced missiles salvos, they have to be produced.

The Russian military expert said, “Every day 5-6 to 10-15 missiles get used, they have to be produced.

“Can we produce that many per day? Even under the current conditions of this conflict.

“We need to urgently, urgently adopt our industries into a wartime economy.”

The Director of the Russia Institute at King’s College London, Sam Greene said, “Russia’s economy is NOT back on its feet. The ruble is back on its feet, yes.

“But the ruble isn’t the economy — and the ruble is only back on its feet because it’s being propped up by massive capital controls and $50.1bn of reserves spent since the war began.

“The damage to the Russian economy is real, even if it’s not immediately preventing Muscovites from sitting in cafés.

“Putin has spent 20+ years building sound fiscal and monetary policies.

“It will take more than a couple of months to undo that. Venezuela wasn’t built in a day.”

Greene added, “The long-term damage is even greater. And it’s not just about the lack of investment and the fact that Russian companies will have to work with subpar resources at inflated prices.

“Per Russia’s own border guards, 3.8m people have left the country since the war began.”

Leave a Commment

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]