Continuation of Putin's 'Special Operation' in Ukraine; 'Economic Pressures' on the Shoulders of the Russian People

The depreciation of the Russian ruble indicates the vulnerability of the country's economy. Although the government has attempted to compensate for the currency's decline by raising interest rates, the high costs of the 'military budget' and its inflationary effects on daily life have become a nightmare for people who bear the economic pressures. According to the Associated Press, despite sanctions related to the war in Ukraine and the exit of Western companies, Moscow is trying to maintain appearances. While key indicators such as unemployment and average inflation suggest relative stability, concerns remain. Simultaneously, due to declining oil revenues, rising military costs, labor shortages from emigration, supply chain disruptions, and international sanctions, the Russian economy is facing recession, and businesses are seeking alternatives. The overall blows to the economy, especially in the automotive industry after Western manufacturers abandoned trade with Russia, are evident, and these economic challenges will leave long-term impacts on several generations of the Russian economy. On September 1, the Russian President criticized Western sanctions against Moscow in a pre-recorded speech for the BRICS economic summit. In a video speech, he referred to Western sanctions against Moscow due to the aggression against Ukraine and claimed, 'The practice of illegal sanctions and the illegal blocking of the assets of independent states means violating the norms and fundamental laws of free trade.' BRICS agreed to expand its membership. Russia's first exploratory mission to the Moon failed after 47 years. Iran's share of tourism revenue is one percent of global turnover; Iranians are boosting tourism in neighboring countries.