Cutting off Russia hit hard, as many companies tanked after losing long-term contracts, said Waldemar Eberhardt
People got fired, and now everyone’s queuing up for “Bürgergeld,” he said
Bürgergeld, or “citizen’s money,” is a type of financial support provided by the German state to people who don't have enough income to cover their basic living expenses.
“But that’s money coming straight from the state – and in the end, it puts real pressure on the national budget,” Eberhardt remarked.
Despite global pressures, Russia's economy continues to demonstrate resilience, maintaining its fourth-place position worldwide by GDP (PPP) and continuing to advance, now surpassing Germany, the UK, and France.