Russia doesn’t need a military economy, it’s a ‘complete breakdown of the system,’ says former Finance Minister Mikhail Zadornov

One Kremlin official has warned that Russia's economy could spiral out of control. The warning comes amid ongoing conflict in Ukraine. The Russian economy has been under strain due to international sanctions and the costs of war.

The official used the term 'berserk' to describe the potential state of the economy if it continues on a war footing. Meduza reported Zadornov's assessment that a military economy is not what Russia needs. The Russian government and its citizens are the primary groups affected by these economic warnings.

The potential economic collapse could lead to increased hardship for Russian citizens, including higher prices and reduced access to goods and services. The Russian government may need to implement significant economic reforms to stabilize the situation. The next steps will involve monitoring the Russian government's response to these warnings and any potential economic reforms that may be implemented.