Former Minister of Economy of Russia, Doctor of Economics Andrey Nechaev predicted a crisis in the country and described the situation after the imposition of sanctions with the phrase: “It’s not bad that we are in the ass, but that we decided to settle down in it. We decided to wallpaper. He stated this at the Finmarket financial forum in Yekaterinburg, the video was published on Telegram by the local edition of Vecherniye Vedomosti.
He criticized the lack of action on the part of the authorities to prevent the crisis.
Among the reasons for the coming crisis, the first minister of modern Russia called the excess of the annual federal budget deficit plan for the first four months of 2023. There will be enough reserves to finance the deficit for a year, but then you will have to resort to loans. The country also faced mass emigration, an outflow of capital abroad and a drop in oil and gas revenues, Nechaev emphasized.
Nechaev already uttered this phrase in April 2022 in an interview with Idel.Realii:
“I will not leave, I decided to firmly stay until there is a direct threat to my freedom. I came up with a wonderful formula for everything that is happening in Russia now. The problem is not that we ended up in an asshole, but that we decided to settle down in it.
Nechaev – the first minister of economy in Russia, served from February 1992 to March 1993.