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The Kremlin Need Have No Fear of Mass Economic Protests


Yet another year ends with Russians poorer and worse off than before, as both disposable incomes and the standard of living have fallen, said Vladislav Inozemtsev in his opinion for VTimes.
As 2021 rolls in, Russians’ real incomes are 14.3% lower than they were in 2013 — a year this author once predicted would serve as a benchmark for future comparisons, just as 1913 was a century before.

In fact, GDP fell by 3.8% in 2020, meaning that the economy grew at an average pace of just 0.3% annually over the past seven years according to recent data from the Ministry of Economic Development.
At the same time, …

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